Maximizing wealth and the great depression: Michael Brandl at TEDxOhioStateUniversity
Economy | Information | History | Online | Facts | World | Global | Money
This talk was given at a local TEDx event, produced independently of the TED Conferences. Business professor and economist Michael Brandl talks about how capitalism is not about accumulating wealth (and things), but rather the individualistic maximization of one's utility and happiness. The "Greatest Generation" was labeled correctly due to their understanding of utility and happiness, not necessarily the accumulation of things. Dr. Michael Brandl. is an assistant clinical professor of finance and director of the Business Honors Program at the Fisher College of Business at The Ohio State University. He teaches undergraduate and graduate students in economic theory and financial institutions. He has won more than 40 teaching awards for his teaching at both the graduate and undergraduate levels. Dr. Brandl recently was awarded the Undergraduate Program Teaching Award and the Outstanding Graduate Faculty Award at the Fisher College of Business during 2013. Dr. Brandl is a frequent speaker at professional conferences and training seminars where he discusses the current status of the United States and global economy, financial markets analysis, economic policy and regulation. He is currently writing a textbook on money, banking and financial institutions for Cengage Learning. About TEDx, x = independently organized event In the spirit of ideas worth spreading, TEDx is a program of local, self-organized events that bring people together to share a TED-like experience. At a TEDx event, TEDTalks video and live speakers combine to spark deep discussion and connection in a small group. These local, self-organized events are branded TEDx, where x = independently organized TED event. The TED Conference provides general guidance for the TEDx program, but individual TEDx events are self-organized.* (*Subject to certain rules and regulations)
Comments
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he was my macroeconomic professor!! I really liked him... though I didn't pass his class :/
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Definitely wasnt what I was looking for.
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Comments I'm reading about this awesome TEDx talk seem to have completely missed the message. The message is simple: To be wealthy you have to find what your are truly passionate about and dedicate yourself to developing that, while balancing your life with proper focus on the things in life that bring true happiness like family, relationships and worthwhile activity. If you focus on maximizing your utility in this manner the wealth will flow naturally, and all of society will be better off because of you. He's sadly right in saying that the boomers got it wrong. Sadder still is that the younger generations are making that mistake all the worse. Great TEDx talk. Thanks Mike Brandl. I love the textbook you did with Mankiw btw.
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Great talks!
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BRAVO!
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This dude repeated the same thing over and over.
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Ah economics, Theories, sounds so good, maximizing utility is definitely the most important thing when you already have unlimited funds..
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Everything boils down to motivation.
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This was horrible. Try putting food on the table, shelter over your head, paying for transportation, and sending your kids to college without money.
We all know family, friends, love, etc brings happiness, but just worrying about how to get money to pay the bills can leave a person depressed. -
Poor talks
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This has to be one of the worst and out of touch TED talks I've ever seen. I understand his point about focusing on what you do well and what makes you happy, instead of simply trying to achieve wealth, however he fails to consider that there first needs to be a level of income achieved to maintain basic necessities in life. And that basic level with our current economy is increasingly out of reach for a huge portion of the population. Should everyone sit around and watch TV for their job, because that's what they're good at? Is that the future? How about creating music for a world which continues to ignore copyright? It seems his starting point is assuming everyone has already reached or has the ability to reach a comfortable level of income, and just needs to shift that to something different. Tell that to the millions of people making minimum wage who can barely afford food or shelter. Who can't afford to feed their children. Who can't pay their doctors bills. Who are one paycheck away from being homeless. Tell them with a straight face to stop worrying about wealth and instead focus on what they're good at.
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Hated it !!!!
Baby Boomers outperformed my generation [x and y] thus far.
And they were focused, as he said, primarily on income.
I understand the 'happy' speech, but its just not real. You have to find what makes you happy that others are willing to pay for ultimately. I just wished he focused more on taking the talk in that direction instead.
9m 3sLenght
89Rating