Wrapped up my 4 year degree in economics in one video. Of course there is a ton more nuance, mathematics and psychology involved. This is an incredible general representation
In a 20-minute video, you can spark people's interest in economics. If you want to know more, you need to go to an economics school or read some articles.
This is why I’ll probably never be a UA-camr. Man these talents popping out of nowhere, everyday on UA-cam with incredible videos. The competition is getting intense !!! Future legend in the making mark my words !!
Wow. Excellent production. Not sure if it fits the scope of your channel (if your more for introductory information), but I would love to see a half hour or more dedicated to just one school of economic theory. This goes for all of your content.
THIS IS ABSOLUTELY INCREDIBLE.. This is what children should be studying in schools !!! I found my new most favorite channel.. Can't stop watching this over and over!!! Not much that I didn't know, but so well put together in such a great presentation. I CANNOT wait for your next one !! THANK YOU !!!
@p_8143 WHAT they're studying NOW isn't going to help them in the future! Economics / finance is certainly MUCH more important than boys can be girls and vice versa.
My goodness! I can comprehend all of them! It has been around my life since forever, but I could never put a finger on them. Now I understand the basis behind them. Kudos to you for a great video; instant sub
18:24 The James Buchanan pictured in your video is not the 20th Century economist but the 19th Century U.S. President who was in office 1857-1861 (before Lincoln). Other than this, you have a good video overall that provides a great overview of the different macro-economic theories. Wish I had UA-cam and this channel back when I was taking Economics 101! Thanks.
Your channel is gold. Happy to have found it at it's start. Just keep doing content like this for enough time, consistently and it will reach 1 million followers in no time. If you ever need any kind of advice, feel free to reach out. I grew my two channels on tiktok to more than 200k, can help with some advice if needed. Keep it up!
I just subscribed and turned on post notifications. I know there's alot to gain from this channel, wont be surprised when you hit 100k or more subs in a few months.
Awesome work, this is what i was looking for, a Brief compilation of all different economic theories and i got your video suggestion at the right time 🎉 All the very best for your Journey with this channel. You got a new sub 🙌⭐
Outstanding video! Highly informative and great for anyone interested in studying the field or a primer for those who want to refresh core concepts. Keep producing high-value content. Thank you and continued success.
Great video and I finally understand it now, if we (the public) checked the lobbyists in America then we would have policy in the interest of the majority.
Such a fantastic video, I don't remember when was the last time I watched a 20min long youtube video without interruption, so kudos on what you are doing. The hard work is visible & many more is to come. I have one question, may not be that much crucial, I see Amartya Sen in the thumbnail for Development economics, but no mention in the video. Looked kind of odd. Any specific reasons? Or just a honest slip?
@adamsaxiom Little case studies/ a break down on interesting economic phenomenon or situations throughout history of significance would be great to learn about. Like the Rice markets of Japan effecting our modern day world commodities trading systems. Or anything else that helps folks grasp economic and anthropological roots of how we behave and form societies.
"Invisible hand" is one of the most misunderstood concept because nobody ever read the source material and everyone quotes it out of context to sound smart smh
@@danielating1316it's a 2 words that are present 3 times, each in a different book of Adam Smith. And those 2 words actually mean... the hand of God (remember, it's the 18th cent century). It is used in the broader sentence " like an invisible hand ", to attempt an explanation as to why people do certain things with a certain ability. Such as, you know, trading.
I don’t agree with Adam Smith’s ultimate theory because he heavily underestimated human greed vis-a-vis a free market, where big players at the top can and do control market forces through clandestine and sometimes overt (lobbying, for instance) means. But this is a good summation of many theories.
The only section which not only included a description of the theory, but also its criticism was Supply Side. This leaves the impression that the viewer should be particularly skeptical of this theory. Do you feel this way?
just subscribed to ur channel. i'm a physics major and want to learn economics, could u give me some recommendations? please suggest books that are not hand wavy usually like most of the entry level econ books, and with fairly high mathematical nature. thanks.
Neoliberal low tax economics have proven themselves in Hong Kong especially... the US economy had 3% taxes in the early 1800s, GDP growth was 7%, 8% many years.... obviously various system can be tried... but ultimately low tax are important to encourage everyone to work, to save, to invest, to produce, to startup, to innovate.
I believe it's not far from true, as from all this econ schools there are only 3 actually. Mainstream (classical/neoclassical + monetary + Keynesian), Austrian and alternative (institutionalism, developmentaris). Marxism just died out, as everything what was useful or correct in his theories was incorporated in mainstream and everything else was left to deluded communism believers
12:50 Is such a cool thing to look at how the perspective of the bolsa familia is such a good thing , but if you live in Brazil just like I do , you would understand that most of the money that its suposed to go to kids going to school is actualy used to gamble in online cassinos and for drug using , Me living in Brazil I can see many families doing this , And Just This program actually costs the Governament a load of money So they end up incresing the Taxes inside the country😕. Taking this aside the Video is very good 1000000/10
Although this isn't entirely false, it is a bit of an overstatement. Thousands of lives and entire communities in Brazil have been drastically improved and taken out of extreme poverty with the Bolsa Familia program, just by allowing kids to go to school, therefore staying out of drugs and criminal life, and instead going to university or getting technical degrees. Despite its flaws, the program is life-saving for many. I also live in Brazil.
Interesting 🤔 As often: - together = stronger (as individuals or countries) - money or possessions are not everything, particularly when you come from other cultures. - education is the first step to self respect, it is also the best accelerator of growth. - self determination through creation or industry is the second step... (which by the way kills Marx theories) At the CORE lies INDIVIDUALS, FAMILIES AND NATIONS. We are billions of different people on this planet and each of us is unique 🙏 There is no "best economic theory". Just like evolution these theories incorporate more & more components and need permanent adjustments... The only opposite constant are: A - education, self determination & independence helps individuals. Which in returns should help the system functioning. B - constant surveillance, eternal benefits (dole), debilitating medias or poor education restrain these individuals and keep them prisoners of their "benefactors 😈"
Great video. But the Keynesians got it wrong imo. With Governments , Patents and Intellectual Property rights, there was no free market before the crash, hence it wasn't the free markets fault.
@adamsaxiom 😆😆😆Love the response. I guess my habit of commenting at end of video s isn't the best for watch later playlist thought it went on some weird religious video that looked interesting.
None of these economics mention.... How price gouging is not Capitalism but an injustice because those overpriced goods, services and rent/mortgages are necessary for humanity. Yet socialism for the rich is hailed or allowed by the same people that don't like poor poeple getting economic help from the government. The irony is blatant.
@@adamsaxiom where to begin :) mostly, it is the recognition that the market is made up of individuals making decisions and these decisions rely on subjective valuation.
Wrapped up my 4 year degree in economics in one video. Of course there is a ton more nuance, mathematics and psychology involved. This is an incredible general representation
Thank you!
You must've not been paying attention
In a 20-minute video, you can spark people's interest in economics. If you want to know more, you need to go to an economics school or read some articles.
@@ricseeds4835 True , this is just Econ Philosophy 101 , So many classes not done lol .
Basic economics coverage but not all, rather a summed up macro
Looks like the beginning of a great channel! Looking forward to more.
The support means alot, i'm already working on the next vid.
Will help your channel growth if you disclose your credentials, education, etc
I've been looking for a econ-summary vid like this for a while. Thanks so much!
This is why I’ll probably never be a UA-camr. Man these talents popping out of nowhere, everyday on UA-cam with incredible videos. The competition is getting intense !!! Future legend in the making mark my words !!
Glad you liked the content, and you can be great too just stick with it ✌️
This video is exceptionally informative and absolutely worth every second-kudos! 👍👍
Glad you liked it!
Wow. Excellent production. Not sure if it fits the scope of your channel (if your more for introductory information), but I would love to see a half hour or more dedicated to just one school of economic theory. This goes for all of your content.
Glad you liked it, I appreciate the suggestion ✌️
I really like how you present info, it’s unbiased and very informative! And easy to follow and understand!
Dude i wish i would've had this video at the start of my bachelor's haha, great work and keep it up!
Haha better late than never
please make more such economic videos, math and economics will also be very appreciated, thank you for your great work.
@@AnmolSingh-pi3zj DEFINITELY!
THIS IS ABSOLUTELY INCREDIBLE.. This is what children should be studying in schools !!! I found my new most favorite channel.. Can't stop watching this over and over!!! Not much that I didn't know, but so well put together in such a great presentation. I CANNOT wait for your next one !! THANK YOU !!!
Thank you 🙏
Why on earth should children learn this? This is for high school / University at the earliest...
Why on earth would children need to understand the laffer curve without understanding everything that needs to go into it first
@p_8143 WHAT they're studying NOW isn't going to help them in the future! Economics / finance is certainly MUCH more important than boys can be girls and vice versa.
My goodness! I can comprehend all of them! It has been around my life since forever, but I could never put a finger on them. Now I understand the basis behind them. Kudos to you for a great video; instant sub
18:24 The James Buchanan pictured in your video is not the 20th Century economist but the 19th Century U.S. President who was in office 1857-1861 (before Lincoln). Other than this, you have a good video overall that provides a great overview of the different macro-economic theories. Wish I had UA-cam and this channel back when I was taking Economics 101! Thanks.
Great eye for pointing that out, thanks man. Glad you enjoyed the video ✌️
Thanks for the quick review, good to see the Keynesian and the Supply Sider's share tax cutting.
A Venn diagram would be pretty awesome.
I was watching just to see how accurate it and I got surprised,,its way better than I thought
Your channel is gold. Happy to have found it at it's start. Just keep doing content like this for enough time, consistently and it will reach 1 million followers in no time. If you ever need any kind of advice, feel free to reach out. I grew my two channels on tiktok to more than 200k, can help with some advice if needed. Keep it up!
This was a great video, very underrated. Best of luck with the channel
Appreciate the wishes. I'm that glad you're on this journey with me.
Glad to find the channel on its early days. Love from Bangladesh ❤
hey i loved this video, everything is well explained, even for people like me with 0 background in economy! Keep up the hard work !
Awesome! Thank you!
I just subscribed and turned on post notifications. I know there's alot to gain from this channel, wont be surprised when you hit 100k or more subs in a few months.
Thanks for the support ! Feel free to leave suggestions for any that topic you’d like to explore.
Awesome work, this is what i was looking for, a Brief compilation of all different economic theories and i got your video suggestion at the right time 🎉
All the very best for your Journey with this channel. You got a new sub 🙌⭐
Glad it was helpful!
Bro coming with bangers back to back❤
Appreciate the support bro ✌. More coming soon.
@adamsaxiom looking forward to it🤞🏻
One of the greatest videos i've seen of economics, truly
Thank you!
this is a true work of art
Bravo ! Is there a book that covers all the topics you've just explained in greater detail while still being accessible and easy to understand?
Incredible video!!
Outstanding video! Highly informative and great for anyone interested in studying the field or a primer for those who want to refresh core concepts. Keep producing high-value content. Thank you and continued success.
Good work , really appreciate it
Right back at you ✌️
Great video and I finally understand it now, if we (the public) checked the lobbyists in America then we would have policy in the interest of the majority.
Haha ideally
@ it’s wishful thinking but I just wonder what it would look like if the public funded lobbyists somehow.
Such a fantastic video, I don't remember when was the last time I watched a 20min long youtube video without interruption, so kudos on what you are doing. The hard work is visible & many more is to come.
I have one question, may not be that much crucial, I see Amartya Sen in the thumbnail for Development economics, but no mention in the video. Looked kind of odd. Any specific reasons? Or just a honest slip?
Just an honest slip up, great eye man. Glad you enjoyed the video. ✌️
@@adamsaxiom : I did man.. I surely did. I actually have to rewatch to take notes of it.
Thank you so much for this! keep up the awesome educational work!
Will do. What should I cover next?
@adamsaxiom Little case studies/ a break down on interesting economic phenomenon or situations throughout history of significance would be great to learn about. Like the Rice markets of Japan effecting our modern day world commodities trading systems. Or anything else that helps folks grasp economic and anthropological roots of how we behave and form societies.
Amazing! Loved your work ❤
Glad you enjoyed it 💪
Loved the video!
Excellent video, learned a lot😁
Glad you took somethings away from it !
Wow one day your channel is gonna blow up
Amazing video
Thank you
Loved it. Thank you
Glad you liked it
Great video.
I wish you lots of success and look forward to more bad ass videos.
Good Video, I just missed Henry George on the list.
Great video!
Glad you enjoyed it
Amazing Video!
I thoroughly enjoyed your video on the brief history of contemporary economics and the most powerful Hedgefunds.
What will your next topic be?
Every type of Investment Fund explained. It should come out tomorrow
Great job! You missed MMT…
Thank you ✌️I might have to make a part two
Great video
Glad you enjoyed it
Great video. I did a minor in economics at university back in the early 2000s and much of what is summarised here was taught as part of my degree.
That is awesome!
Keynes's theories are why we are drowning in government debt.
Not really it’s just over utilization, not the theory itself
Nice video really props❤
Thanks 🙏
"Invisible hand" is one of the most misunderstood concept because nobody ever read the source material and everyone quotes it out of context to sound smart smh
So explain it correctly
What does it mean in context?
Tell us then how it is used correctly.
@@aleksanderdervishi8067 no response :(
@@danielating1316it's a 2 words that are present 3 times, each in a different book of Adam Smith.
And those 2 words actually mean... the hand of God (remember, it's the 18th cent century). It is used in the broader sentence " like an invisible hand ", to attempt an explanation as to why people do certain things with a certain ability. Such as, you know, trading.
Great channel
Thank you ✌️
Austrian is the way to go
I don’t agree with Adam Smith’s ultimate theory because he heavily underestimated human greed vis-a-vis a free market, where big players at the top can and do control market forces through clandestine and sometimes overt (lobbying, for instance) means. But this is a good summation of many theories.
Please make a video with Georgism
Will add to the list
Very cool ❤
Appreciate it 💪
amazin video!
Glad you liked it!
Imagine an environment where people cooperate even though incentives are ultimately truncated to individual survival.
The only section which not only included a description of the theory, but also its criticism was Supply Side. This leaves the impression that the viewer should be particularly skeptical of this theory. Do you feel this way?
Not necessarily, but the criticism is a part of its identity more so than other theories.
Is content generated by LLMs?
nice!
Thank you! Cheers!
How was rational expectations not in this at all fire changed everything
just subscribed to ur channel. i'm a physics major and want to learn economics, could u give me some recommendations? please suggest books that are not hand wavy usually like most of the entry level econ books, and with fairly high mathematical nature. thanks.
“Fundamental Methods of Mathematical economics” by Alpha Chiang and Kevin Wainwright
thx！
Appreciate the support 🤞
4:02 You tryna tell us something with the picture for "Insurance"? lol
👀😂
Neoliberal low tax economics have proven themselves in Hong Kong especially... the US economy had 3% taxes in the early 1800s, GDP growth was 7%, 8% many years.... obviously various system can be tried... but ultimately low tax are important to encourage everyone to work, to save, to invest, to produce, to startup, to innovate.
Do you have a version without those distracting clicks?
Sorry nah
Ironically I believe the reality is an amalgamation of them all 😅. Great video 🙌🙌🙌
Haha good way to look at it
I believe it's not far from true, as from all this econ schools there are only 3 actually. Mainstream (classical/neoclassical + monetary + Keynesian), Austrian and alternative (institutionalism, developmentaris). Marxism just died out, as everything what was useful or correct in his theories was incorporated in mainstream and everything else was left to deluded communism believers
So yes, I am a classical economist 😎 TALK TO THE INVISIBLE HAND 💪😂
12:50 Is such a cool thing to look at how the perspective of the bolsa familia is such a good thing , but if you live in Brazil just like I do , you would understand that most of the money that its suposed to go to kids going to school is actualy used to gamble in online cassinos and for drug using , Me living in Brazil I can see many families doing this , And Just This program actually costs the Governament a load of money So they end up incresing the Taxes inside the country😕. Taking this aside the Video is very good 1000000/10
Unfortunately many such cases where it doesn’t translate from academia to the real world. I appreciate the support 💪
Although this isn't entirely false, it is a bit of an overstatement. Thousands of lives and entire communities in Brazil have been drastically improved and taken out of extreme poverty with the Bolsa Familia program, just by allowing kids to go to school, therefore staying out of drugs and criminal life, and instead going to university or getting technical degrees. Despite its flaws, the program is life-saving for many. I also live in Brazil.
The theory of reflexivity is not covered.
Nice eye, I’m gonna definitely do a part two
Interesting 🤔
As often:
- together = stronger (as individuals or countries)
- money or possessions are not everything, particularly when you come from other cultures.
- education is the first step to self respect, it is also the best accelerator of growth.
- self determination through creation or industry is the second step... (which by the way kills Marx theories)
At the CORE lies INDIVIDUALS, FAMILIES AND NATIONS. We are billions of different people on this planet and each of us is unique 🙏
There is no "best economic theory". Just like evolution these theories incorporate more & more components and need permanent adjustments...
The only opposite constant are:
A - education, self determination & independence helps individuals. Which in returns should help the system functioning.
B - constant surveillance, eternal benefits (dole), debilitating medias or poor education restrain these individuals and keep them prisoners of their "benefactors 😈"
🙌 well said
18:34 wrong james buchanan lol
f..uking nice video. I am subscribing immidiately
Welcome aboard! Appreciate the support.
A compact video
Thanks ✌️
Technically, your description of the invisible hand is Samuelson’s, not Smith’s
Appreciate the insight ✌️
Smith and Ricardo ,like Marx also believed that labor created value.
Where's Georgism ?
its not really an economic theory...
key-nezian economics, classic
Bro plzz upload videos
👏👏
Thanks
No trickle down?!? (Sarcasm)
Lmao
9:41 We now know this economy doesn't work.
Haha some people would crucify you for this comment
😅😅 lot of these theories are either Ponzi schemes or house of cards 😂😂
Great video. But the Keynesians got it wrong imo. With Governments , Patents and Intellectual Property rights, there was no free market before the crash, hence it wasn't the free markets fault.
Many such cases
Just curious, are you making these videos with AI?
Economics degree studying many people richest person hiw?
I need to make money
England might be better than Portugal at making wine ☠️☠️☠️☠️
the losing weight by starving yourself is the ozempandemic
Gotta do what u gotta do
It's medication induced anorexia, but people aren't ready for that conversation
Can i create one 🤚
More
👌👍✅
Economics explained in three words:
"Rich gets richer".
Many such cases
W
But what if there is a form of hell how would someone actually know?
Sir, this is a Wendy’s 😂✌️
@adamsaxiom 😆😆😆Love the response. I guess my habit of commenting at end of video s isn't the best for watch later playlist thought it went on some weird religious video that looked interesting.
What about the theory of money configuration?
I’ll note it for a part two
None of these economics mention....
How price gouging is not Capitalism but an injustice because those overpriced goods, services and rent/mortgages are necessary for humanity. Yet socialism for the rich is hailed or allowed by the same people that don't like poor poeple getting economic help from the government. The irony is blatant.
blind men and the elephant 🙄
wiw
Austrian School of Economics is the best.
What makes you think that?
@@adamsaxiom where to begin :) mostly, it is the recognition that the market is made up of individuals making decisions and these decisions rely on subjective valuation.
Looks like teenagers have found this channel
@@yj9032 looks like you are a keynesian. do you still think if 9/11 was worse, the economy would be better off?
Oh what an amazing explanation on how this will benefit society at large /s@@ancapine
Sounds like AI voice
Marx was a fool.
Another economist who doesn't understand climate science.
Karl Marx was right 😔
💪
💯