Complexity Economics 1: Economic Theory
Economy | Information | History | Online | Facts | World | Global | Money
In this video we will be firstly talking about what theories and paradigms are and providing a little insight to their basic workings before moving on to define this subject that we call economics. We will outline some of the major considerations involved in the study of economics, including trying to understand the logic behind the decision making of agents, theories of economic value, the dynamics of cooperation and competition, economic institutions and economic development For full courses, transcriptions & downloads please see: http://www.systemsthinking.io Twitter: https://twitter.com/SystemthinkAcad Facebook: https://fb.com/thinkacademyio
Comments
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do you have much in common with the austrian school of economics? your points on the axiom seem similar to the logic of praxeology used in the austrian school. i know praxeology doesnt use maths, im just wondering if you have much in common, especially since austrian economics criticizes equilibrium models.
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At time 4:53, I think you meant to say "a model of the fundamental particles of matter" on bullet point 3
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When Albert Einstein died, he met three New Zealanders in the queue outside the Pearly Gates. To pass the time, he asked what were their IQs. The first replied 190. "Wonderful," exclaimed Einstein. "We can discuss the contribution made by Ernest Rutherford to atomic physics and my theory of general relativity". The second answered 150. "Good," said Einstein. "I look forward to discussing the role of New Zealand's nuclear-free legislation in the quest for world peace". The third New Zealander mumbled 50. Einstein paused, and then asked, "So what is your forecast for the budget deficit next year?"
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