Keynesian economics | Aggregate demand and aggregate supply | Macroeconomics | Khan Academy
Economy | Information | History | Online | Facts | World | Global | Money
Contrasting Keynesian and Classical Thinking Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/macroeconomics/aggregate-supply-demand-topic/keynesian-thinking/v/risks-of-keynesian-thinking?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/macroeconomics/aggregate-supply-demand-topic/monetary-fiscal-policy/v/tax-lever-of-fiscal-policy?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Macroeconomics on Khan Academy: Topics covered in a traditional college level introductory macroeconomics course About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy's Macroeconomics channel: https://www.youtube.com/channel/UCBytY7pnP0GAHB3C8vDeXvg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Comments
-
There are some aspects about this which are good but I can barely watch this video.
1. Stop pretending you know everything about Keynes and his theory.
2. You don't have to apologize about Keynesian theory.
3. You have a prejudice against government spending the dangers of which are very well known but you keep making that point like it's something new.
4. Sticky prices are better understood in terms of wages. If some aspect of prices are sticky (mostly wages but there are others) then price levels overall are sticky it's not just the price of a good (which intuitively can change a lot.) -
I will never be able to stress enough how well made I think this video was
-
The immediate problem I see with the A, B, C, and D analogy is that if C can afford not to buy 2 units from B, maybe C didn't really need them that much, which means that resources to produce that unit good were wasted. So a recession could be seen as a way for the economy to correct itself from bad production and misuse of resources. The reason this happens is mostly due to the facilitation of cheap money with artificially low interest rates.
-
Have you ever been on jeopardy?
-
Why don't I seem to have the capability to understand economics?
-
2 minutes in, I need the explanation of why in the classical view LRAS is not dependent on prices!!! Can someone refer to me to the relevant video or explain
-
No comments.
-
Someone doesn't like goverment intervention
-
The great blindspot in the analysis of market economies by Keynes is the central importance of land markets and the fact that the supply of land is inelastic. In the real world, the price mechanism does not clear the market for land. Quite naturally, owners of land will withhold land from use or sale in anticipation of ever-rising land prices. The only way to remove the potential for owners to profit from hoarding land or "investing" in land for purely speculative gain is to impose an annual tax on land equal to its potential rental value. Only then would land markets respond as does labor and capital goods.
-
what do you mean by prices are sticky
-
After watching about 50 of your videos, I thoroughly believe you could beat watson on Jeopardy! Great videos :)
-
Song name? xD
-
His name is not spelled wrongly. There is no logical reason why the word "key" is pronounced the way it is. English spelling is defecient, not the name "Keynes" . How so? Because we use the LATIN alphabet, that is why!
-
I am in college and your your videos have always been very helpful
I owe u a lot -
woke on the wrong side of the bed haha
-
Why is supply in classical graph perfectly inelastic?
-
p
-
HOW DO YOU KNOW EVERYTHING!!!!?
-
Are classical and keyesian curve in short run same?
-
Lol where is the government getting this magical balancing dollar to redistribute? Oh yeah, by taking it from ABC and D through the only way it can; borrowing and taxing.
12m 5sLenght
1575Rating