Introduction to economics | Supply, demand, and market equilibrium | Microeconomics | Khan Academy

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1. libertarians gtfo
2. oh right... by aiming self-interest the individual helps society maybe even more than if he would try to help society... now i understand why all this shit is going on in this country..... well done Smith, well done
3. so in other words, you 'prove' things based on assumptions everybody - by now - knows are incorrect? THAT sounds like perfectly sound research!!! /s
4. so basically economics is a bullshit field, because there is no guarantee that what you predict will be correct, and you have to take everything with a huge grain of salt
5. This is a very interesting video; I also made a video where I have discussed the best way to answer economics in a school setting.
6. wtf
   you make assumptions.
   There is no value with this rigorous thinking.
   I predict that if you make an assumption on sociological movements based upon economics than there will be quotes.
7. Stick to math and science.
8. I can tell you two people who AREN'T doing any good for society by their massive self interest and that's those nasty bleep BROTHERS whose industries poisoned the water of the the entire city in which I live.
9. Great introduction
10. Why can't I hear no sound in this particular video, but there's sound in all other youtube-videos? Now when I looked at it, it seems that I have no sound in any of Khan Academys videos?
11. Again, "The Invisible Hand" is often taken out of context. Smith studied the welfare of persons and governments, and he is exposing how the flaws of others benefit local capital. It can be argued that those participating in the economy of the time, merchants preferred trade with those that were of similar ethnicity. The name of the book is after all, The Wealth of Nations, not the wealth of merchants. "By preferring the support of domestic to that of foreign industry, he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention." -- Adam Smith
12. I have a sudden urge to start taking notes.
13. Hey man, I must disagree with you. In physics you also make all kinds of assumtions like no friction, no other forces acting, certain arbitrary conditions of temperature and preasure and so on.
    Economics is a science that is dependent on probabilities, but still a science. Its also a young science. You said it all got started in 1776, while physics has thousands of years since the first astronomic observations in Sumeria (or wherever it was). So, economics has a long way.
14. WHAT JOBS CAN YOU GET BEING AN ECONOMIST? 
15. Thanks man that was a great video!  So easy to understand! :-)
16. 因此，由于每个个人都会尽力把他的资本用以支持并管理国内的产业，这些产业的生产于是便能达到最大的价值；每个个人也必然竭力的使社会的年收入尽量扩大。确实，他通常并没有打算要促进公共的利益，也不知道他自己促进了这种利益至何种程度。由于宁愿支持国内的产业而非国外的产业，他只是盘算着他自己的安全；他管理产业的方式在于使其生产的价值能够最大化，他所盘算的也只是他自己的利益。在这些常见的情况下，经过一双看不见的手的引导，他也同时促进了他原先无意达成的目标。并非出自本意并不代表就对社会有害。借由追求他个人的利益，往往也使他更为有效地促进了这个社会的利益，而超出他原先的意料之外。我从来没有听说过有多少好事是由那些佯装增进公共利益而干预贸易的人所达成的。
17. Why doesnt  the sound work for some of the khan  academy videos ?
18. Adam Smith also recognized that government had an important responsibility; which is, to establish "a fair field with no favors." Smith understood that part of our nature is to secure privileges when possible, to use financial and political power interchangeably to do so. He warned against the creation of a "rentier" elite and of cartels whose power was to claim what others produced without having to exchange anything in return. Smith understood that the rent of land, of nature, is societal and not individual wealth; he shared with the Physiocrats in France the view that rent was the appropriate source of public revenue, that earned income flows and the capital goods we produce should not be burdened by taxation (i.e., by what we call today "dead weight losses").
19. can i get urdu/hindi language physics/computer notes
20. Limited government more personal liberty.