Відео

excellent lecture

The way I understand the“rational“ part of the theory is that we just assume it as an assumption in the context of people’s aspirations. It’s not a normative sociological statement ie: “all humans are rational, end of story“ but “assuming rationality…“ it assumes that all humans strive towards some form of rationality in their actions and dealings because it makes their outcomes playable. It could even mean that economics only considers the rationalized perspective, ie a view that seeks to rationalize the world, make it predictable, as a value in itself. This wouldn’t disqualify irrational behaviour. It just assumes you couldn’t “run“ an economy on irrationality any way. If people are acting majoritively irrationally, that’s an issue for maybe social psychology and not economics. Basically, I think the „people are not rational decision makers“ misses the point of the neo-classical perspective.

Great lecture

31:13-32.11 Listen car fully * at those minuites and seconds and get it well what does he mean!

Amazing. Thanks man 🙏

Hayek and a social safety net? I do not get that at all??

Thank you so much for this introduction! I am wondering if you can possibly answer this even though the video is quite old; you spoke about gambling as an aspect of the leisure class. Most examples of gambling that come to my mind however are lower class people & gambling addictions. I immediately theorised it might be emulating behaviour as a previous slide mentioned this general aspect. Or might it be a form of wishful thinking/perception as being (close to) the leisure class? I’d love to hear your insight!

Miller David Allen Margaret Jackson William

But is it not possible that inside the substantivist framework individuals still make rational choices based on what the given individuals deems valuable depending on the social and historical circumstance? For example, a serf in a feudal economy makes the rational choice in his occupation as a farmer to maximize his yield in order to feed himself, his family and his lord and furthermore protect what he regards as valuable, such as preserving social order, religious as well as cultural responsibilities or to fulfill his duty as a father and husband. In these political and socio-cultural parameters the serf follows the principle of the formalist understanding of economics, or do I misunderstand something?

Marxists always finding a way to turn a non-marxist work into more pro-marxist propaganda. Everything Veblen said about academics was correct.

Did John Maynard Keynes ever see a television commercial for automobiles? How has planned obsolescence affected economies since 1946? There were 200,000,000 motor vehicles in the United States in 1995? Where is the data on the depreciation of those vehicles? Karl Marx used the word 'depreciation' 35 times in the first two volumes of his major work. But the gas automobile was not invented until 2 years after his death.

thanks for calling out stocks as gambling.

Came late, but I really admire your lecture

00:03 Introduction to fundamental concepts of political economy 02:11 Overview of main classical and critical political economy theorists 06:11 Political economy critiques economics and its scientific pretensions. 08:19 Mainstream economics is challenged by political economy critique. 12:39 Economics has limitations as a science 14:43 Political economy emphasizes the interconnectedness of politics and economics 18:29 Economics assumes utility exists and is always maximized 20:22 Economics lacks scientific testing due to complexity 23:46 Political economy is an interdisciplinary study 25:30 Political economy challenges us to think critically about the world. 28:50 The importance of key actors in different political economy theories. 30:36 Assessment components include participation and take-home exam/research essay 33:43 Importance of advice in political economy 35:13 Engage actively in learning

Galbraith was one of the realists. One of the Brights. They are in short supply these days. Witness our reincarnation of emperor commodus. Heaven help us.

The points about Labour Process Theory are conclusions that Marx makes about factory labour in Capital, cool.

Thank you very much

Multiculturalism is a poison that blind peoples drink. Thanks to that poison Islam, Africans and Arabs have made more progress in 21st century Europe than they did in over a millenium of invasion, by 2100 Europe won't be European anymore... Canada won't be Canadian either. Multiculturalism as an ideology is anti-culture, against global diversity, anti-nation and anti-civilization. It is a Far-Left, feminine ideology based on misplaced empathy, hyperindividualism (And resulting lack of loyalty and love toward own people), lack of knowledge, lack of logic, authoritarianism and self-hatred.

Great lecture....Thank you..... Well explained...😊

do you think Veblen's concept of conspicuos leisure applies to medicine in the context of a highly commodied system, such as the US? Or if something like a pharmaceutical or bioengineered product, can function like a Veblen good in terms of pricing without being conspicuous leisure product?

Thank you for this. It helps sum up the key ideas in a that I could use for a class to teach.

This confirm why US are in trouble. Keynes, Galbraith and F.D Roosevelts were giants

Thank you for posting this course. It's a really useful overview of the key thinkers in economics and very clearly presented. Certainly deserves a much wider audience!

This analysis - that the economy works by through military spending, destruction and creation is very similar to that made of Oceania in Orwell's 1984!

There are only two kinds of people who behave as economists have them in their models. One is economists themselves, the other is psychopaths! - Adam Curtis

Really enjoyed this lecture. Although it may not fit the technical description of use value, is wanting to show status not a utility in itself? Beyond expression of status, It may confer certain benefits of group membership that have value in terms of opportunity, so is it really so irrational? Veblen and Marx could be reconciled as the symbols of wealth are useful indicators of whom to target come the revolution, hence the super rich prefer inconspicuous consumption!

A good summary. How about a critique of their work?

we need please such stuffs more .if possible with recomedation of some buch . thanks a lot . great effort ..hudge respect

Thank you

According to Polanyi, does market create the growth of Fascism?

This series is excellent. Thank you for sharing!

Thank you so much for posting this series!

Thank you for the video!

Thanks very much for making these lectures available to the public. They're excellent and a fantastic resource for people wanting to learn about the major economic thinkers. I found your lecture series while looking for a good resource on John Maynard-Keynes's ideas. That lecture was so good, I decided to watch your whole lecture series. Thank you again!

I think China’s “One Child Policy” maybe based on Malthus theory.

Nicely crafted lecture

Greetings from university of cologne in Germany. I just study for my political science class haha

Such an amazing instructor. I wish you only success

The guy is ahead of his time should get a book and give it away to your friends

I love you so much ,Thanks for this.

This is a good lecture. Thank you so much for putting it together!

Thank you very much. I have been attracted to Polanyi for couple of years now, and you give a very clear explanation.

I do really and sincerely thank you for your presentations in this course

I do really and sincerely thank you for your presentation in this course

Excellent Prof. Excellent teacher. Please uplord all of your presentations.

Sir. What are the similarities and differences among adam smith, david ricardo and marx Labour theory of value. Can you elaborate it please?

Thank you Sir. Just the topics the Veblen talk about makes reflect on a lot things. Especially the "Conspicious Consumption". Makes me that being rich and successful... well the facade of it is "trap". I'd rather live in another way... a simple life yet still financially well-off and not virtue-signal the status how rich you are. In the end... the other people give zero fucks. It's all just vanity and stroking one's ego. 🤔

Kinda fun to learn K P lived in Canada! National Pride (not based on push back against global market losses)

Hello, thank you for the summary!!Quick question, what's a fictitious commodity in a modern context?