Principles of economics, translated
Back"Mankiw's 10 principles of economics, translated for the uninitiated", by Yoram Bauman, . Presented at the AAAS humor session, February 16, 2007. For the record, the talk contains two unattributed quotes ("9 out of 5" is adapted from a line attributed to Paul Samuelson---although apparently he said it about Wall Street indices, not macroeconomists---and "wrong about things" is paraphrased from P.J. O'Rourke's Eat the Rich) and, of course, the Einstein "simple" quote is an intentional misquote. The talk is based on a published article in Annals of Improbable Research (see ), which sponsored my talk and to which you should subscribe ( ). In the paper you can see the "constructive example" of how trade can make everyone worse off (or you can just wait 50 years to see what happens with climate change). More info and other clips on my website ( ), and please sign up for my email list. (No spam I promise.)
Channel: Comedy
Uploaded: February 25, 2007 at 6:24 pm
Author: yorambauman
Length: 00:05:20
Rating: 4.79
Views: 494481
Tags: Mankiw Mankiw's Principles of Economics translated AAAS AIR Yoram Bauman stand-up economist
Video Comments:
dcspc (November 12, 2008 at 8:47 am)
i don't really get the snicker bar thingy
buttonsputon (November 10, 2008 at 2:09 am)
VOTE HEMP vote for economy with all of it's commodities!
spikesmth (November 6, 2008 at 4:56 am)
Awesome... when I'm taking my econ exams I always think of it that way... It's the only way I can connect the theories we learn to why the world doesn't look anything like the theories.
tangshanjige (November 4, 2008 at 10:14 am)
the man in the vedio is the most stupid man in the world
Xharveen513X (November 7, 2008 at 4:18 pm)
arse
darkstar1one (October 28, 2008 at 2:24 pm)
What does he say: "that kind of sloppy thinking will never get you a [something] position"?
crueltyinc (October 28, 2008 at 3:10 pm)
"tenure track"
bimmjim (October 24, 2008 at 6:07 pm)
Fire all the employed economists and give their jobs to the unemployed economists.
This economic model cannot continue to function therefore we must do such things as redifine GDP. Replace the concept of externalities with the idea of natural capital. Tax money made by speculation higher and higher to reduce speculation.
Eliminate short selling on the futures markets.(Or explane to me how it is not just gambling)
Or in other words just remake the model so that it fits reality.
This economic model cannot continue to function therefore we must do such things as redifine GDP. Replace the concept of externalities with the idea of natural capital. Tax money made by speculation higher and higher to reduce speculation.
Eliminate short selling on the futures markets.(Or explane to me how it is not just gambling)
Or in other words just remake the model so that it fits reality.
NeonKnight88 (October 15, 2008 at 5:41 pm)
inflation is the increase in the money supply period.
Price/wage levels cannot increase in the longterm without an increase in the money supply no matter what "expectations" are except with a decrease in the amount of goods relative to the money supply or an increase in the money supply relative to the amount of goods. Otherwise there will be liquidity problems.
Price/wage levels cannot increase in the longterm without an increase in the money supply no matter what "expectations" are except with a decrease in the amount of goods relative to the money supply or an increase in the money supply relative to the amount of goods. Otherwise there will be liquidity problems.
LadyNemesis2007 (October 14, 2008 at 6:44 pm)
LMAO
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