your all videos are very helpful sir Since my graduation I m following and watching and learning from your videos and it is very basic that helps me very much in every aspects
How sad it is that the best idea politicians and their economic advisers have regarding business cycles is to wait until a crash occurs to bring about deflation, then use public spending to restart the economy. Is it possible to prevent, or nearly prevent, business cycles? Yes, but not by Keynesian demand management or Friedman's management of the money supply. The policy solution is real tax reform, which means eliminating the taxation of income earned by producing goods and services, eliminating the taxation of actual capital goods (e.g., buildings, machinery and technologies) and elimination of the taxation of commerce. How, then, would government raise revenue? Simple: the public capture of "rents." What are rents? Don't try to find the answer in any modern economics textbooks. Go online and find out what Adam Smith, John Stuart Mill or (best of all) Henry George wrote on the subject. Out of the total tangible goods produced by labor using capital goods, rent is that portion occurring independent of the quality of labor and capital goods applied to nature, output caused directly by the level of advantage provided by nature. Some land is rich in fertility, receives just the right amount of rainfall and experiences optimum weather conditions. Other land is of lesser quality, requiring greater inputs to yield lower outputs. The same is true of land covered by forests of trees or sub-surface mineral deposits, or wild animals or schools of various fish. There is rent-yielding advantage attached to space and time (e.g., take-off and landing slots at airports). Advantage is also created by aggregate societal investment in public goods and services in our towns and cities, so that centrally-located land parcels are valued by the square foot. And, then, there are artificial advantages created when government issues and enforced competition-limiting licenses. The revenue steam from rents that is today captured privately is huge, estimated by some economists to be as high as one-third of the Gross Domestic Produce of the United States, and this high or higher in some other nations. Capture the rents and we could potentially eliminate all taxation. Edward J. Dodson, M.L.A., Director School of Cooperative Individualism www.cooperative-individualism.org
Thank you so much sir for this topic... I really need this... U explained this in a very simple n easy way... Nw macro economics is not at all tough for me
Sir does any equilibrium point exist on trade cycle....... Or is there any equilibrium point somewhere in the graph of buisness cycle.... Actually this question was asked to me in an interview
Sir , I agree on the part that 2008 caused a reccession but I believe it was due to the govt intervention that , we have not had an economic boom in america in over 11 years now , if there would have been no intervention , there would have been a case of economic boom
Sir, I'm student of 2nd year Sir, please upload one on quantity theory of money view of Cambridge economicst. Sir l really need of this topic . (In hindi)
Sir ek chizz smajana please ye statement h However,the adequate explanation of the business cycle in this case would require the reason why the system starts moving in the reverse direction, say after striking the ceiling. What is the actual reason behind this. Peak se thourh ka path ke hone ke piche kya reason h. Please sirrr🥺🥺🥺
I have a question regarding real business cycle. HOW CAN YOU EXPLAIN THEORITICALLY DIFFERENT PART OF BUISNESS CYCLE USING A CLASSICAL MODEL? Could you please explain this?
Best teacher of economics on youtube. Thanks alot Sir. We are greatful to you.
It's my pleasure
your all videos are very helpful sir
Since my graduation I m following and watching and learning from your videos and it is very basic that helps me very much in every aspects
It's my pleasure
How sad it is that the best idea politicians and their economic advisers have regarding business cycles is to wait until a crash occurs to bring about deflation, then use public spending to restart the economy. Is it possible to prevent, or nearly prevent, business cycles? Yes, but not by Keynesian demand management or Friedman's management of the money supply. The policy solution is real tax reform, which means eliminating the taxation of income earned by producing goods and services, eliminating the taxation of actual capital goods (e.g., buildings, machinery and technologies) and elimination of the taxation of commerce. How, then, would government raise revenue? Simple: the public capture of "rents." What are rents? Don't try to find the answer in any modern economics textbooks. Go online and find out what Adam Smith, John Stuart Mill or (best of all) Henry George wrote on the subject. Out of the total tangible goods produced by labor using capital goods, rent is that portion occurring independent of the quality of labor and capital goods applied to nature, output caused directly by the level of advantage provided by nature. Some land is rich in fertility, receives just the right amount of rainfall and experiences optimum weather conditions. Other land is of lesser quality, requiring greater inputs to yield lower outputs. The same is true of land covered by forests of trees or sub-surface mineral deposits, or wild animals or schools of various fish. There is rent-yielding advantage attached to space and time (e.g., take-off and landing slots at airports). Advantage is also created by aggregate societal investment in public goods and services in our towns and cities, so that centrally-located land parcels are valued by the square foot. And, then, there are artificial advantages created when government issues and enforced competition-limiting licenses. The revenue steam from rents that is today captured privately is huge, estimated by some economists to be as high as one-third of the Gross Domestic Produce of the United States, and this high or higher in some other nations. Capture the rents and we could potentially eliminate all taxation.
Edward J. Dodson, M.L.A., Director
School of Cooperative Individualism
www.cooperative-individualism.org
Thank you guru ji, your knowledge is very helpful, keep spreading your experience 🙏
I will try my best
Thank you so much sir for this topic... I really need this... U explained this in a very simple n easy way... Nw macro economics is not at all tough for me
Thanks for watching my videos
Sir does any equilibrium point exist on trade cycle....... Or is there any equilibrium point somewhere in the graph of buisness cycle.... Actually this question was asked to me in an interview
Thank you so much sir 💞 really it's helps a lot....keet it up
Most welcome
Sir , I agree on the part that 2008 caused a reccession but I believe it was due to the govt intervention that , we have not had an economic boom in america in over 11 years now , if there would have been no intervention , there would have been a case of economic boom
Sir, I'm student of 2nd year
Sir, please upload one on quantity theory of money view of Cambridge economicst.
Sir l really need of this topic .
(In hindi)
Even I need it too
from where are u... i m too a BA 2nd year
Thank u so much sir...sir plzzz Schumpeter theory start kijiye plzz sir plzzzzzzz
Sir. . Nice lecturer..
Very simple to understand..
Thanks
Nice explanation sir. Thank You for the video
You are most welcome
महाशय,सविनय निवेदन है आपसे की आप 'रेडक्लिफ समिति रिपोर्ट 'पर एक वीडियो बनाये।please sir
Sir please explain hicks and kaldor trade cycle
Sir ek chizz smajana please ye statement h
However,the adequate explanation of the business cycle in this case would require the reason why the system starts moving in the reverse direction, say after striking the ceiling. What is the actual reason behind this. Peak se thourh ka path ke hone ke piche kya reason h. Please sirrr🥺🥺🥺
Keldor trade cycle, business cycle and real business cycle all are same concept?
keldor trade cycle, business cycle and real business cycle all are same concept?? plz rply sir
Sir hum ye videos dekh kar competative exams ke liye notes bana sakte hai ??? Gpsc clay 1 2 ke liye ???
It's better to take notes from a book. videos are basically for understanding the concept.
You are great sir 🙆🙇🙏🙏🙌 thank you
welcome
Amazing GURUJI
THANKS
excellent
Thanks!
Its very helpful...
Great
Sir kindy tell me which book is best for real business cycle, rational expectations, disequilibrium model (baro-grassman, malinvad etc)
nice lecture, highly apprreciable
Keep watching
I have a question regarding real business cycle. HOW CAN YOU EXPLAIN THEORITICALLY DIFFERENT PART OF BUISNESS CYCLE USING A CLASSICAL MODEL?
Could you please explain this?
sir You are awsome 🙏🏼🙏🏼🙏🏼💜💜💜
Thanks
Sir plz upload video on random walkmodel..
Sir this much only do we have to study for NET under business cycle?
No not at all
@@EZClassesfaghsa pls make a more videos on this topic dan
How can capital/output ratio be greater than 1, Y>K always?
It is ΔK/ΔY, so it can be greater than 1.
Its good to understand
Great!!!
Nice
Thanks
Thnkyou so much sir🙏🏻
Welcome
Thank you so much sir for this video 🙏🙏🙏🤗❤
You are welcome
thanks sir
Most welcome
Sr u are extremely good.
What to say of you
Shukriya
Sir can you explain this concept in English
❤️❤️
Sir, how an economy recovers itself?
Automatically
thankyou sir
Welcome
Please use black colour marker...
I will try
Namaste sir ji
🙏
Sir bussiness cycle kaha samjyii
कृपया पूरा वीडियो देखें......
Nice
Thanks