Professor Amos Witztum provides an introduction to economics at the LSE Kick Off Day for students studying by distance learning through the University of Lon…
Do Not Pass Go, Do Not Collect 0: Monopolies as an Introduction to Economics Saul Levmore, William B. Graham Distinguished Professor of Law at The Unive…
Video Rating: 4 / 5
I think the professor confused El Dorado with Shangri-La.
May I know this lecturer name? His lecture is pretty interesting.
Brilliant Talk!:)
:3
Summary of the lecture: Part 1 – Aristotle’s Politics Book 1 and his
concise explanation of the way in which political states arise out of
households and how money, trade or wealth is used within each stage
(unclear why he did not start with this as he all but quoted Plato for 10
mins). Part 2 – Heidegger’s Intro to MP’s 2-3 pages about knowledge,
summarized in his simple statement that knowledge is not the possession of
information or facts but the ability to learn.
May i ask, if you have the time to answer – would you recommend doing a
economics degree – what does it entail and why did you do it? Thank you.
Damn this guy is left wing xD
Does he still teach at the LSE? It says he’s a visiting fellow :O
WE have to think. Thank you for that point of view. honest. open. inspiring.
This guy is Mr.Girish Menon fucking friend. Fucking left wing
“To achieve success you must be depressed. If you’re happy, something is
wrong.” – Prof. Amos Witztum great quote!
Intro into economics or typical condescending prof. who thinks his students
need constant direction in life and can only learn through useless
metaphors?
A very unusual way of giving the lecture; very efficient and entertaining
The guy is brilliant. I feel enlightened.
why does he remind me of a koala, awesome lecture anyway
Great lecture! The only slip he made was to say ‘education will change the
way you speak to your wife’. When half the class are female, that struck me
as rather alienating.
this is the first time i see him talking this friendly.
Would you recommend his books?
economics is like a religion
first of all, if a guy talks about solving problems bigger than just making
bucks or doesn’t really like rich bankers it doesn’t necessarily mean he’s
left wing. Secondly, when we say that not everybody has the chance to
achieve well-being we should know that free market actually works towards
equality of opportunity to achieve one’s best ideal as per our
capabilities.
He’s only like this for the introduction lecture trust me, after that he
just becomes a condescending asshole who thinks berating his students is
the only way we will learn. Not to mention he isn’t a practical lecturer
cause he spends half of the revision lecture focusing on a question worth
8/100 marks in the final paper. Oh and did i mention the study guide he
wrote? Those who have read it will know. Smart economist, poor lecturer.
Love seeing econ classes.
Dis vid is nt juz 4 ecn stdnts..its 4 every stdnt who enter ug n pg.. V
informative lecture sir..thanks..:-)
Of course all the low and middle class are dumb and lazy. For example,
people who are poor in America are the dumbest people in the world. They
have the best and richest country in the world and they don’t know how to
make money. Your life and quality of your life depends to yourself. Why
isn’t that true?
watch “fake speech corrects mankind’s course” A “better” lip read, the
Independence Day inheritance cap introduction. Emergency executive order is
enacted to employ all, and eliminate national debt. Is this “balancing act”
the systematic redirecting mankind’s momentum so desperately needs?
/watch?v=OWX8LNN66uA
But, the cost of the inputs do not change and why should a baker change the
price of his product? It really does not work that way. Starbucks is not
any more or less busier, because you drop the price of a cookie. They may
sell a few more than they usually would. But, it not a huge motivator that
sales more cookies and it does not signal to starbuck to bake more or less
cookies.
So why is it I can’t buy a house for $300,000 anywhere I want? In
Manhattan, that house would cost £30,000,000.
Location is a Government protected monopoly privilege. Funny how this dumb
ass glosses over the biggest one there is
Economists are clueless/brainwashed/idealogical.
i did not think that it was that diamonds were rare but that there was a
monopoly on them and a created market
Three and a half. I’ll put money down on it too.
Close your eyes and picture Christopher Walken as you listen to him.
i concur with you just like almost everyone listening to this lecture
The words ‘monopoly’ and ‘economy’ typically attract a lot of tinfoil hats.
Piracy creates software monopolies such as Photoshop.
economist seldom seam to wheight in any kind of moral capital into their
equations
Very informative, sometimes it seems like I learn more from these videos
than I do in school :/
thank you for this video
Economists are the debil!
And what do they *want*?????
Two interesting things: – Competitive markets (perfect markets) as
described hardly ever exist, every market has some things that makes them
imperfect. There are always some barriers to entry (e.g. capital
requirements) or maybe geographic reasons, etc. Monopolies are completely
imperfect markets. – Monopolies also exist without the government, because
of ‘normal’ barriers to entry. For instance Facebook, which is almost
impossible to compete with due to their network effects.
Rolling my eye!
Their was some economist that predicted the housing bubble, Peter Schiff
was one of them!
Youtube will not allow me to post links or videos but google china’s ghost
cities and you will find a whole bunch of sources. You can even find
sources from the BBC and the Huffingtonpost. Although we know the sources
will have a conservative bias. LOL