Paul Krugman Masterclass Review - Is It Worth the money?
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- Опубліковано 10 лип 2024
- Grab Paul Krugman's economics Masterclass here: bit.ly/3bXdATW
Today we complete a review of Paul Krugman's master class course on economics, finance and society. We discuss each component of the masterclass from the workbook to the lesson plan and go into the curriculum as though you purchased it. We then consider if it's worth it for you based on your interest and existing knowledge in economics and society.
If you're a fan of Paul Krugman's writings from the New York Times, or blog. You may want to support him by getting his masterclass here: bit.ly/3bXdATW
I personally purchased the all-access masterclass which gives me access to all the present and future classes. bit.ly/3bXdATW
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You can enrol in Krugman's MasterClass at: bit.ly/3bXdATW
I am surprised Krugman put a class on the internet and not on the fax machine.
Ha ha! I got it!
Damn 😂
I mean he was sort of right about the Internet not going to cause a ton of growth by 2005 considering that the dot con bubble also happened
Thank you for this review, I'm a psychiatric nurse from the UK and have had an interest in economics since discovering Friedman and Sowell. I have zero background nor knowledge in economics, however, I'm hoping to learn more and I hope this masterclass is the beginning of my potential journey as a well informed individual. Thank you
Taking a class from Krugman will be the polar opposite of Friedman and Sowell's economic philosophy. Is it interesting to look at to become a well-rounded individual? Sure. Is it useful for predicting anything in the economy? No. Keynesian economics does not have a genealogy of correct predictions that other economic schools of thought have.
Friedman's theory of money and banking (reserve multiplication) is just a wrong as what Krugman believes (banks as intermediaries), but Krugmans has proven far more dangerous. If you want to see what BOTH of them get wrong, read the Bank of England working papers 529 (Banks are not intermediaries of loanablefunds - and why this matters) and 761 (Banks are not intermediaries of loanable funds - facts, theory and evidence). Who are you going to believe about how banking really works. People who actually work in the operations side, or some pointy headed academic.
The correct model of banking and money, especially today, is banks are creators of money. This is the model we used 100+ years ago, and it was correct. We have done nothing but screw things up since.
So you are going to pay money to learn a notoriously flawed perspective of Keynesian economics? Save your money. This is propaganda at its finest.
There was a poll taken among economists several years ago. Krugman is not only wrong about his economic theories, but according to the poll, he is the most PARTISAN of the big-name economists. So much so that he has been known to do a "180" depending on which party is in the white house.
Thoughtful review. Thank you.
Thank you Elmer. :)
Thanks for your advice
You're welcome 😊
Sounds excellent but being a healthcare activist myself I would be most interested in just part of this master class and I do not know if that is possible
I have created a new practice model and professional nursing that includes all the advanced sciences and we are in about 28 states now. I will write to Mr. Krugman about this and hopefully he will reply
Really good video. One question that I have for you is do you think that it would be valuable for someone who has a degree in economics? I am considering taking it, but my undergrad degree was in economics, but that was over ten years ago and I'm looking for something that would be a refresher for someone with a background in it and above a beginner level. Would this class fit that description?
Thanks Brandon. Not really to be honest. If you like Paul Krugman, and enjoy his work Yes, it can't hurt. But you won't get as much value as someone without prior knowledge.
Good review.
RIGHT NOW IT IS HUG THE KRANZ STOCK....
excellent course for young investors
I'm starting to study economics at my uni, I have already read many essays from libertarians from my country, since the gov here is more Keynesian and I can barely study the other side. But I would like to ask what are some positive analysis from Krugman (since we all know his normative affirmations). Thanks you
Used to be libertarian. It doesn't make sense. It's an ideology.
@@hus390 Yes, it makes a lot more sense to put your brain into neutral and just trust the government for everything (sarcasm). "Bidenomics" is an ideology. "Tax and spend to stimulate the economy" is an ideology. "Libertarianism" is nothing more than the "golden rule" implemented on a national scale.
E aí? Qual sua opinião hoje? E em qual facul vc estuda?
I'm wondering how much I might benefit from this class if I've been reading his columns for years.
His columns are short. His class is more in-depth.
lamonstra This is the same man who said the market would crash if Trump was elected. It has done nothing but set records, and the Dow hit 29k for the first time ever.
Man, sorry that u tell you this, but you have passed reading a bad economist all these years!! Read peter Schiff
@@fiboneta9418 Paul Krugman is a water and super biased. The man is anti American. The "Rise of China." Yeah, how's that working for us?
@@jonathanm.tostevin9956 how so? As far as I now the US. economy only slowed down due to the virus, so Krugman is still wrong there.
Oh wait! I forgot. That was the point.
Lol.
What about this masterclass when compared to reading an Economics textbook?
I DESERVE SETTLEMENT .
SO WHEN SETTLEMENT IS ISSUED & IT ISD IMMENSE ENOUGH , WE COULD FIGURE OUT THE COST OF TUITION FOR 2 YEARS & , IF THE MASTERS IS ISSUED UP FRONT , THEN THAT WOULD BE A ONE TIME CONTRIBUTION TO THE SCHOOL .
HOWEVER , I FEEL IT SHOULD BE GIVEN TO A SCANDINAVIAN SCHOOL..... PLUS THE COAST OF TUITION FOR A PhD .
Thank goodness we have access to all these talking heads to tell us WHAT to think. Great job public schooling.
To all the people who think there is no problem with the system in the US. I am a US citizen, but I have lived in Japan for a few years, where I receive government healthcare and pay minimal taxes due to the economic system... Not to mention that the schools work and teachers get paid, the libraries are open, there is public transportation and there are no infrastructure issues. Basically, the government takes care of its people. Which is what I don't see at the DMV when I go back to renew my DL... or any other government office. Where could all that money be going..? Maybe there is too much spending on friends who charge 10k for a machine for the military that costs $100 normally. And other corruption that we aren't seeing. And that is why I vote GREEN (Because I personally believe that both the Democrats and the Republicans are both corrupt because they are both too powerful and have lost their original ideals). There is some discussion on why Americans get taxed the same amount as Japanese but that money is not seen in the part on "Redistribution" in this video at about minute 12:00 ua-cam.com/video/QzQYA9Qjsi0/v-deo.html
I'd rather live a hard life as a person with rights, than live a comfortable life being a sheep of the government.
The government doesn't care about you in any country, they only care about your money and profit. Japan just sees that pandering to the people makes the market a little bit more steady, and consistent. But when you so happen to 'break the law'.
I recommend you watch a documentary on a channel called 'Rare Earth' on 'Why Every Japanese Criminal is Guilty
' then come back to me.
Our economy is really bad, but at least our laws aren't as disheveled as China's or Japan's system for punishment.
'Basically, the government takes care of its people.' Until you do something that someone doesn't like.
Japan has a VERY, VERY different immigration system from the USA. NO COMPARISON AT ALL. They control their immigration very well. Japan is nearly a closed society and it is very difficult for many westerners to adapt and break through. Not saying it isn't impossible. Do not misinterpret my words. My best friend is Cuban/American and is living in Japan now. But he went under the condition that he would help clean up the nuclear mess that occurred a few years ago nd was allowed to stay. One of the major problems with the USA is our rampant illegal immigration.
Do his political views skew his teachings in this economics class?
Nope. Masterclass wouldn't have released it or made a masterclass with Paul Krugman if that were the case. I didn't feel any political agenda while learning economics and thinking like an economist. In general, I have zero bias towards teachers with certain beliefs or political views when it comes to learning specific subjects from them.
I hope you enjoyed the Paul Krugman masterclass review.
Have a great day and let me know if you end up investing in Masterclass.
@@LouisPetrides Thank you very much.
Do his political views skew his economic views? His political views skew his every word. See his quotes about the election of Donald Trump bringing a permanent depression.
@@denisegetty3590 🧐
ARE YOU IN ANY WY HINTING THAT GETTING A MASTER'S DEGREE AT THIS STAGE MAY NOT BE WORTH IT FOR WHAT THEY WANT TO SOAK YOU FOR IT???
I WILL LISTEN SERIOUSLY EITHER WAY . PWW
As an academic, Paul Krugman is very accomplished-- the top award in the field. His academic writing is actually readable! I was always happy to get one of his articles rather than one of the other authors in the field in grad school. He makes his writing understandable. But I do not see who would want to take this course. Who is it targetting? I write this based on the ad I saw. Do economists want to see this? Are there people wanting to learn economics? Why wasn't it marketed as a course on understanding economics? The one selling point I saw was the Nobel prize. Maybe that will be enough. Is first online class a selling point?
Doesnt work, This nobel prize has a solution "print more coupons in his example", keep doing hurt to economist and to the people. also is against to savings.
I thought this was a joke. Krugman has been wrong so often, why would they create a Masterclass around him, makes zero sense.
Stop it. This class is about Economics 101. Not about one particular policy debate. I'm a Republican and I enjoyed it.
IN A WAY , YOU ARE SORT OF LISTENING....
I AM NOT LEAVING YOU BECAUSE OF YOU?????
FOR THE TIME BEING....
What?
did we really learn from the '08 housing bust though?! people like krugman will look really stupid when the next big downturn occurs
Why? They are just economists, they don't make decisions for private enterprise. You can't blame economists for downswings in the market, they analyse markets, not create them.
very few economists saw the 08' crisis coming, only libertarians where prepared for it and that's only because they have the mentally of the economy crashing is imminent all the time, even so we don't just disregard Friedman today for lightning the spark that caused it.
@@LouisPetrides You can absolutely blame it on these economists!! Them controlling interest rates itself lead to 2008. Interest rates must be controlled by the market and ONLY the market based on how much savings is available in banks. Not by phony money created by the federal reserve. This man knows he's ALWAYS wrong and continues to back his friends over at the Fed making a penny off of everyday americans
@@LouisPetrides The REAL masterclass should have Mike Maloney.... go ahead and look him up
@@camerondonaldson4212 If you realized how silly and biased you sound, you wouldn't have posted these.