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Market Economy: Crash Course Government and Politics #46
 
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Today, we’re going to take a look at how the government plays a role in the economy. Specifically, the way the government creates and maintains our market economic system. Now sure, the government’s role in the economy can be controversial, some may even say completely unnecessary. But there are some deficiencies in a free market, and we’re going to look at those, and the tools the government uses to combat those issues in maintaining a healthy and stable economy. Produced in collaboration with PBS Digital Studios: http://youtube.com/pbsdigitalstudios Support is provided by Voqal: http://www.voqal.org All attributed images are licensed under Creative Commons by Attribution 4.0 https://creativecommons.org/licenses/... Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashC... Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 288051 CrashCourse
Pricing in a Free-Market Economy
 
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Go Premium for only $9.99 a year and access exclusive ad-free videos from Alanis Business Academy: http://bit.ly/1Iervwb View additional videos from Alanis Business Academy and interact with us on our social media pages: YouTube Channel: http://bit.ly/1kkvZoO Website: http://bit.ly/1ccT2QA Facebook: http://on.fb.me/1cpuBhW Twitter: http://bit.ly/1bY2WFA Google+: http://bit.ly/1kX7s6P While pricing in a command economy is at the discretion of government, pricing in a free-market economy is left up to individual markets. Learn how markets set prices in a free-market economy and the role that supply and demand play.
What is FREE MARKET? What does FREE MARKET mean? FREE MARKET meaning & explanation
 
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Do you travel a lot? Get yourself a mobile application to find THE CHEAPEST airline tickets deals available on the market: ANDROID - http://android.theaudiopedia.com - IPHONE - http://iphone.theaudiopedia.com or get BEST HOTEL DEALS worldwide: ANDROID - htttp://androidhotels.theaudiopedia.com - IPHONE - htttp://iphonehotels.theaudiopedia.com What is FREE MARKET? What does FREE MARKET mean? FREE MARKET meaning - FREE MARKET definition - FREE MARKET explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. A free market is a system in which the prices for goods and services are determined by the open market and consumers, in which the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or other authority. It is a result of a need being, then the need being met. A free market contrasts with a regulated market, in which government intervenes in supply and demand through non-market methods such as laws creating barriers to market entry or price fixing. In a free-market economy, prices for goods and services are set freely by the forces of supply and demand and are allowed to reach their point of equilibrium without intervention by government policy, and it typically entails support for highly competitive markets and private ownership of productive enterprises. Although free markets are commonly associated with capitalism within a market economy in contemporary usage and popular culture, free markets have also been advocated by free-market anarchists, market socialists, and some proponents of cooperatives and advocates of profit sharing.
Views: 9920 The Audiopedia
Perfect Competition in the Short Run- Microeconomics 3.8
 
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In this video I explain how to draw and analyze a perfectly competitive market and firm...and you get to meet Mr. DARP. Makes sure that you can use the graph calculate total revenue, total cost, and profit. Thanks for watching. Please subscribe. If you need more help, check out my Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji Microeconomics Videos https://www.youtube.com/watch?v=swnoF533C_c Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3d8qllI Watch Econmovies https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Follow me on Twitter https://twitter.com/acdcleadership
Views: 1037970 Jacob Clifford
Why People Who Need Redistribution Hate It: The Free Market & You
 
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Patreon: https://www.patreon.com/user?u=5385111 Twitter: https://twitter.com/mexieYT Facebook: https://www.facebook.com/mexieYT IG: @_mexie_ Check out my podcast (co-hosted with Marine from A Privileged Vegan): https://www.veganvanguardpodcast.com Books on capitalism and neoliberalism: Naomi Klein, The Shock Doctrine: http://www.naomiklein.org/shock-doctrine David Harvey, A Brief History of Neoliberalism: https://www.amazon.ca/Brief-History-Neoliberalism-David-Harvey/dp/0199283273 David Harvey, Seventeen Contradictions and the End of Capitalism: https://www.amazon.ca/Seventeen-Contradictions-Capitalism-David-Harvey/dp/019936026X Karl Polanyi, The Great Transformation: https://www.amazon.ca/Great-Transformation-Political-Economic-Origins/dp/080705643X Noam Chomsky, Profits Over People: http://www.goodreads.com/book/show/62659.Profit_Over_People Marx, Capital Vol. 1: https://www.amazon.ca/Capital-1-Critique-Political-Economy/dp/0140445684
Views: 24262 Mexie
8 Disadvantages Of Free Market Economy
 
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1. A competitive environment creates an atmosphere of survival of the fittest. This causes many businesses to disregard the safety of the general public to increase the bottom line. 2. POOR QUALITY: Since profit maximization is the biggest motivation for firms, they may try to reduce their costs unethically by polluting the environment or by exploiting workers. 3. MERIT GOODS: Goods and services that are not profitable will not be produced/run. Rural communities will suffer as a result. 4. When a free market economy spins out of control, the consequences can be severe. From the Great Depression of the 1930s to the real estate market crash of 2008, market failures have devastated the lives of millions in lost income, unemployment and homelessness. 5. Wealth is not distributed equally - a small percentage of society has the wealth while the majority lives in poverty. 6. FIRM POWER: Large firms can still dominate certain markets, even where there is competition, and exploit suppliers (by squeezing their prices down) and consumers (by charging higher selling prices) to maximize profits.  7. There is no economic stability because greed and overproduction cause the economy to have wild swings ranging from times of robust growth to cataclysmic recessions. 8. UNEMPLOYMENT: Certain members of society will not be able to work like the elderly or the unemployed (because their skills aren’t marketable).
Views: 2126 Patel Vidhu
The Promise of Free Enterprise
 
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Built into the foundation of free enterprise is a promise. It's a promise that no other economic system offers. This promise has a great deal to do with your sense of well-being, that is, your happiness. George Washington, Thomas Jefferson and Alexander Hamilton understood this. So does renowned social scientist, Arthur Brooks. In five minutes, he explains how happiness and free enterprise are marvelously entwined. Donate today to PragerU! http://l.prageru.com/2ylo1Yt Joining PragerU is free! Sign up now to get all our videos as soon as they're released. http://prageru.com/signup Download Pragerpedia on your iPhone or Android! Thousands of sources and facts at your fingertips. iPhone: http://l.prageru.com/2dlsnbG Android: http://l.prageru.com/2dlsS5e Join Prager United to get new swag every quarter, exclusive early access to our videos, and an annual TownHall phone call with Dennis Prager! http://l.prageru.com/2c9n6ys Join PragerU's text list to have these videos, free merchandise giveaways and breaking announcements sent directly to your phone! https://optin.mobiniti.com/prageru Do you shop on Amazon? Click https://smile.amazon.com and a percentage of every Amazon purchase will be donated to PragerU. Same great products. Same low price. Shopping made meaningful. VISIT PragerU! https://www.prageru.com FOLLOW us! Facebook: https://www.facebook.com/prageru Twitter: https://twitter.com/prageru Instagram: https://instagram.com/prageru/ PragerU is on Snapchat! JOIN PragerFORCE! For Students: http://l.prageru.com/29SgPaX JOIN our Educators Network! http://l.prageru.com/2c8vsff Script: When you hear the words “free enterprise,” or “capitalism” or “free markets,” what’s the first thought that comes into your head? For just about everyone it would have to do with making money. But there’s another side to free enterprise that’s actually more important. Free enterprise matters not just because of its unparalleled material benefits, but because of its unparalleled moral benefits. Now, this might seem counterintuitive to you, especially if you’ve been spending a lot of time hanging around college professors. For decades, so many of them have preached that free enterprise is mostly about selfishness and greed. But after the fall of the Soviet Union, and communism was repudiated, even the left grudgingly acknowledged the utility of free enterprise -- but only as a necessary evil. Sure, they said, free enterprise benefits us materially. But the cost isn’t worth it. People become too materialistic, corporations become too powerful, profits are corrupting, and there’s just too much material inequality. Is that a fair assessment? No, it isn’t. And here’s why: free enterprise is not just materially fulfilling, it’s a moral imperative. One big reason is that only free enterprise enables us to become truly happy -- because it enables us to earn our success. Now what do I mean by this? Earned success is the satisfaction and happiness that we derive from having dreams and working hard to achieve them. This is only possible in a system where rewards are based on earning them rather than having the right connections, and where you have to please customers and not politicians. Think about the things in your life that make you happy. It’s probably your personal relationships, your family, and maybe your job; in other words, the things that represent hard work and personal virtue and achievement. Sure, we all want nice things. But if they are just given to us, if we don’t earn them, they don’t really make us happy. You’ve probably thought what you’d do if you won the lottery, right? We’ve all played that game. Maybe you say you’d buy a big house, a new wardrobe, or take a great trip around the world. Maybe you’d do it all! The truth is, according to studies from researchers at the University of Michigan, you’re actually more likely to be less happy after you win than before you bought the ticket. People who win the lottery typically buy a bunch of stuff they don’t want, get new friends, some even become alcoholics. This hardly makes for a great Powerball ad campaign, but it’s the truth. Why is this? For the same reason that your parents probably always taught you: that money doesn’t buy happiness. Still, critics on the left tell us that if we only had more equal incomes we’d be a happier society. That’s just not true. Happiness is earned, not given by others. Look at entrepreneurs. People who own their own businesses rate themselves as happier than just about any other job category. And why? What’s their secret? For the complete script, visit https://www.prageru.com/videos/promise-free-enterprise
Views: 250827 PragerU
Markets, Efficiency, and Price Signals: Crash Course Economics #19
 
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Adriene and Jacob teach you all about markets. So, in free market(ish) economies like the United States and most of the world, markets are a big deal. Markets work to produce the stuff that consumers want, and that society needs. Today we'll talk about productive and allocative efficiency, skinny jeans, price signals, and more in this information-dense installment of Crash Course. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 394764 CrashCourse
Why Free Markets Work: Milton Friedman on Political Economy (1996)
 
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The Friedman rule is a monetary policy rule proposed by Milton Friedman. More Milton Friedman: https://www.amazon.com/gp/search?ie=UTF8&tag=doc06-20&linkCode=ur2&linkId=258445d2550dd284ef86829343fdd0da&camp=1789&creative=9325&index=books&keywords=Milton%20Friedman Essentially, Friedman advocated setting the nominal interest rate at zero. According to the logic of the Friedman rule, the opportunity cost of holding money faced by private agents should equal the social cost of creating additional fiat money. It is assumed that the marginal cost of creating additional money is zero (or approximated by zero). Therefore, nominal rates of interest should be zero. In practice, this means that the central bank should seek a rate of deflation equal to the real interest rate on government bonds and other safe assets, to make the nominal interest rate zero. The result of this policy is that those who hold money don't suffer any loss in the value of that money due to inflation. The rule is motivated by long-run efficiency considerations. This is not to be confused with Friedman's k-percent rule which advocates a constant yearly expansion of the monetary base. The marginal benefit of holding additional money is the decrease in transaction costs represented by (for example) costs associated with the purchase of consumption goods. With a positive nominal interest rate, people economise on their cash balances to the point that the marginal benefit (social and private) is equal to the marginal private cost (i.e., the nominal interest rate). This is not socially optimal, because the government can costlessly produce the cash until the supply is plentiful. A social optimum occurs when the nominal rate is zero (or deflation is at a rate equal to the real interest rate), so that the marginal social benefit and marginal social cost of holding money are equalized at zero. Thus, the Friedman Rule is designed to remove an inefficiency, and by doing so, raise the mean of output. The Friedman rule has been shown to be the welfare maximizing monetary policy in many economic models of money. It has been shown to be optimal in monetary economies with monopolistic competition (Ireland, 1996) and, under certain circumstances, in a variety of monetary economies where the government levies other distorting taxes.[2][3][4][5] However, there do exist several notable cases where deviation from the Friedman Rule becomes optimal. These include economies with decreasing returns to scale; economies with imperfect competition where the government does not either fully tax monopoly profits or set the tax equal to the labor income tax; economies with tax evasion; economies with sticky prices; and economies with downward nominal wage rigidity.[6] While normally deviations from the Friedman Rule are typically small, if there is a significant foreign demand for a nations currency, such as in the United States, the optimal rate of inflation is found to deviate significantly from what is called for by Friedman Rule in order to extract seigniorage revenue from foreign residents.[6] In the case of the United States, where over half of all U.S. dollars are held overseas, the optimal rate of inflation is found to be anywhere from 2 to 10%, whereas the Friedman Rule would call for deflation of almost 4%.[6] Recent results have also suggested that in order to achieve the goal of the Friedman Rule, namely to reduce the opportunity cost and monetary frictions associated with money, it may not be required that the nominal interest rate be set at zero.[7] When the effects of financial intermediaries and credit spreads are taken into account, the welfare optimality implied by the Friedman Rule can instead be achieved by eliminating the interest rate differential between the policy nominal interest rate and the interest rate paid on reserves by assuring that the rates are identical at all times. https://en.wikipedia.org/wiki/Friedman_rule
Views: 68039 Remember This
Revenue, Profits, and Price: Crash Course Economics #24
 
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How do companies make money? What are profits? Revenues? How are prices set? This week, Jacob and Adriene are talking business. Whether you're selling cars, pizza, or glow sticks, this video has pretty much all the information you need to run a business. Well, not really, but there's a lot of good stuff in here. *** Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 407172 CrashCourse
The Economics of Airline Class
 
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Check out Squarespace: http://www.Squarespace.com/Wendover 10% off code: Wendover Support Wendover Productions on Patreon: https://www.patreon.com/wendoverproductions Get a Wendover Productions t-shirt for $20: https://store.dftba.com/products/wendover-productions-shirt Youtube: http://www.YouTube.com/WendoverProductions Twitter: http://www.Twitter.com/WendoverPro Email: [email protected] Reddit: http://Reddit.com/r/WendoverProductions Select visuals courtesy http://www.Shutterstock.com Sound by Graham Haerther (http://www.Haerther.net) Select visuals courtesy British Airways Select visuals courtesy Etihad Airways Select visuals courtesy Virgin Galactic “Poldoro” by Milton Arias “Summer Movement 1” by John Harrison with the Wichita State University Chamber Players Big thanks to Patreon supporters: Rob Harvey, Venkata Kaushik Nunna, Josh Berger, Paul Jihoon Choi, Huang MingLei, Dylan Benson, Maximillian van Kasbergen, Victor Zimmer, William Chappell, Eyal Matsliah, Sihien,Joseph Bull, Marcelo Alves Vieira, Jonah Paarman, maco2035, Hank Green, Plinio Correa, Connor J Smith, Brady Bellini
Views: 6394741 Wendover Productions
What is PROFIT MOTIVE? What does PROFIT MOTIVE mean? PROFIT MOTIVE meaning, definition & explanation
 
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What is PROFIT MOTIVE? What does PROFIT MOTIVE mean? PROFIT MOTIVE meaning - PROFIT MOTIVE definition - PROFIT MOTIVE explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. In economics, the profit motive is the motivation of firms that operate so as to maximize their profits. Mainstream microeconomic theory posits that the ultimate goal of a business is to make money. Stated differently, the reason for a business’s existence is to turn a profit. The profit motive is a key tenet of rational choice theory, or the theory that economic agents tend to pursue what is in their own best interests. Accordingly, businesses seek to benefit themselves and/or their shareholders by maximizing profits. As it extends beyond economics into ideology, the profit motive has been a great matter of contention. The profit motive ensures that resources are being allocated efficiently. For instance, Austrian economist Henry Hazlitt explains, “If there is no profit in making an article, it is a sign that the labor and capital devoted to its production are misdirected: the value of the resources that must be used up in making the article is greater than the value of the article itself." In other words, profits let companies know whether an item is worth producing. Theoretically in free and competitive markets, maximizing profits ensures that resources are not wasted. Free and competitive markets rarely exist in reality, so market intervention is required to ensure maintenance of the profit efficiency of an economy. The profit motive is a good of value to the economy. It is needed to provide incentive to generate efficiency and innovation. However over-remuneration of the profit motive creates profit inefficiency. The majority of criticisms against the profit motive center on the idea that profits should not supersede the needs of people. Michael Moore’s film Sicko, for example, attacks the healthcare industry for its alleged emphasis on profits at the expense of patients. Moore explains: We should have no talk of profit when it comes to helping people who are sick. The profit motive should be nowhere involved in this. And you know what? It’s not fair to the insurance companies either because they have a fiduciary responsibility to make as much money as they can for their shareholders. Well, the way they make more money is to deny claims or to kick people off the rolls or to not even let people on the rolls because they have a pre-existing condition. You know, all of that is wrong. Another common criticism of the profit motive is that it is believed to encourage selfishness and greed. Critics of the profit motive contend that companies disregard morals or public safety in the pursuit of profits. Free-market economists argue that the profit motive, coupled with competition, actually reduces the final price of an item for consumption, rather than raising it. They argue that businesses profit by selling a good at a lower price and at a greater volume than the competition. Economist Thomas Sowell uses supermarkets as an example to illustrate this point: “It has been estimated that a supermarket makes a clear profit of about a penny on a dollar of sales. If that sounds pretty skimpy, remember that it is collecting that penny on every dollar at several cash registers simultaneously and, in many cases, around the clock.” Economist Milton Friedman has argued that greed and self-interest are universal human traits. On a 1979 episode of The Phil Donahue Show, Friedman states, “The world runs on individuals pursuing their separate interests.” He continues by explaining that only in capitalist countries, where individuals can pursue their own self-interest, people have been able to escape from “grinding poverty.” Author and philosopher Ayn Rand defended selfishness on ethical grounds. Her nonfiction work, The Virtue of Selfishness, argues that selfishness is a moral good and not an excuse to act with disregard for others: The Objectivist ethics holds that the actor must always be the beneficiary of his action and that man must act for his own rational self-interest. But his right to do so is derived from his nature as man and from the function of moral values in human life—and, therefore, is applicable only in the context of a rational, objectively demonstrated and validated code of moral principles which define and determine his actual self-interest. It is not a license “to do as he pleases” and it is not applicable to the altruists’ image of a “selfish” brute nor to any man motivated by irrational emotions, feelings, urges, wishes or whims.
Views: 1313 The Audiopedia
How The Profit Motive Benefits Society Free Market Capitalism
 
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this video aims to explain how the profit motive works to benefit society. i hope to provide a nice overview of how money works to motivate those to produce and help them to acquire resources to use for production
Views: 373 truth speak
Is Capitalism Moral?
 
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Is capitalism moral or greedy? If it's based on greed and selfishness, what's the best alternative economic system? Perhaps socialism? And if capitalism is moral, what makes it so? Walter Williams, a renowned economist at George Mason University, answers these questions and more. Donate today to PragerU! http://l.prageru.com/2ylo1Yt Joining PragerU is free! Sign up now to get all our videos as soon as they're released. http://prageru.com/signup Download Pragerpedia on your iPhone or Android! Thousands of sources and facts at your fingertips. iPhone: http://l.prageru.com/2dlsnbG Android: http://l.prageru.com/2dlsS5e Join Prager United to get new swag every quarter, exclusive early access to our videos, and an annual TownHall phone call with Dennis Prager! http://l.prageru.com/2c9n6ys Join PragerU's text list to have these videos, free merchandise giveaways and breaking announcements sent directly to your phone! https://optin.mobiniti.com/prageru Do you shop on Amazon? Click https://smile.amazon.com and a percentage of every Amazon purchase will be donated to PragerU. Same great products. Same low price. Shopping made meaningful. VISIT PragerU! https://www.prageru.com FOLLOW us! Facebook: https://www.facebook.com/prageru Twitter: https://twitter.com/prageru Instagram: https://instagram.com/prageru/ PragerU is on Snapchat! JOIN PragerFORCE! For Students: http://l.prageru.com/29SgPaX JOIN our Educators Network! http://l.prageru.com/2c8vsff Script: Many people believe that free market capitalism is selfish, even immoral. They say it's about greed, about a hunger for money and power; that it helps the rich and hurts the poor. They're wrong. The free market is not only economically superior, it is morally superior to any other way of organizing economic behavior. Here's why. The free market calls for voluntary actions between individuals. There's no coercion. In a free market, if I want something from you, I have to do something for you. Let's say I mow your lawn and you pay me twenty dollars. What does that twenty dollars really mean? When I go to the grocer and say, "I would like to have four pounds of steak" He, in effect, says to me, "You want a lot of people to serve you -- ranchers, truckers, butchers, and packagers. All these people have to be paid. What did you do to serve your fellow man?" "Well," I say, "I mowed my fellow man's lawn." And the grocer says, "Prove it." Then I offer him the twenty dollars. Think of the money that you've earned as a certificate of performance. It's proof that you've served your fellow man. People accuse the free market of not being moral because they say it's a zero-sum game, like poker, where if you win, it means that I have to lose. But the free market is not a zero-sum game. It's a positive sum game. You do something good for me, such as give me that steak and I'll do something good for you -- give you twenty dollars. I'm better off because I valued the steak more than I valued the $20 and the grocer is better off because he valued the $20 more than he valued the steak. We both win. Ironically, it's the government, not the free market, that creates zero-sum games in our economy. If you use the government to get a food stamp, a farm subsidy or a business bail out, you will benefit -- but at the expense of your fellow citizens. Isn't it more moral to require that people serve their fellow man in order to have a claim on what he produces rather than not serve others and still have a claim? But, a lot of people ask, what about giant corporations? Don't they have too much power over our lives? Not in a free market. Because in a free market We, the People, decide the fate of companies who want our business. Free market capitalism will punish a corporation that does not satisfy customers or fails to use resources efficiently. Businesses, big and small, that wish to prosper are held accountable by the people who vote with their dollars. And, again, it's the government that can undo this. For the complete script, visit https://www.prageru.com/videos/capitalism-moral
Views: 1140574 PragerU
Economic Systems and Macroeconomics: Crash Course Economics #3
 
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In which Jacob Clifford and Adriene Hill teach you about Economic Systems and Macroeconomics. So, economics is basically about choices. We'll look at some of the broadest economic choices when we talk about the difference between planned economies and market economies. We'll get into communism, socialism, command economies, and capitalism. We'll look at how countries choose the kind of system they're going to use (spoiler alert: many end up with mixed economies). We'll also look into how individuals make economic choices. Crash Course is now on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark Brouwer, Jan Schmid, Anna-Ester Volozh, Robert Kunz, Jason A Saslow, Christian Ludvigsen, Chris Peters, Brad Wardell, Beatrice Jin, Roger C. Rocha, Eric Knight, Jessica Simmons, Jeffrey Thompson, Elliot Beter, Today I Found Out, James Craver, Ian Dundore, Jessica Wode, SR Foxley, Sandra Aft, Jacob Ash, Steve Marshall TO: Everyone FROM: Martin To gild refined gold is just silly. TO: Dana FROM: Cameron Still holding out. We're going to make it! Thank you so much to all of our awesome supporters for their contributions to help make Crash Course possible and freely available for everyone forever: Raymond Cason, Marcel Pogorzelski, Cowgirlgem, Chua Chen Wei, Catherine Emond, Victoria Uney, Robin Uney, Damian Shaw, Sverre Rabbelier Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 1551730 CrashCourse
Meaning of Market Economy, Planned Economy, Mixed Economy (in Hindi) | Class 12 | Sunil Adhikari |
 
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LIKE | SHARE | COMMENT | SUBSCRIBE | Hello Boys & Girls, 🙋 I Sunil Adhikari Welcome You All to My Channel STUDENTS Can I help You? Our Channel Will provide VIDEOS ON : ✔️ CLASS 11— BUSINESS STUDIES ✔️ CLASS 11 —ECONOMICS ✔️CLASS 12 —BUSINESS STUDIES ✔️CLASS 12 —ECONOMICS ✔️B.COM/BBA— LAW ✔️ B.COM/BBA — Management ✔️CAREER GUIDANCE ✔️PERSONALITY DEVELOPMENT ✔️SUCCESS TIPS & Many More useful Videos Strictly for Students. SUBSCRIBE to our Channel ☑️ and Click the Bell Icon 🔔 to Get Notifications of Our Videos every Week. ☺️ RISE & SHINE. 👍 Follow us on various Social Media Platforms : ✔️Facebook : https://www.facebook.com/100006548682626 ✔️Facebook Page : https://www.facebook.com/SunilAD04/ ✔️Instagram : sunil_ad_04
The Circular Flow Model of a Market Economy
 
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By this point in your course you may have learned the definition of a market: A place where buyers and sellers meet to engage in mutually beneficial exchanges. But what is a market economy? Two basic types of markets exist in any market economy: resource markets and product markets. The exchanges that take place in these markets benefit both the households and the firms that engage in exchanges. This lesson will introduce the circular flow of money, resources and goods and services in a market economy. We will examine how resources flow from households to firms, and goods and services from firms to households. We will also seek to explain why individuals are willing to engage in the exchanges that characterize the market system. Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! http://econclassroom.com/?page_id=5870
Views: 318108 Jason Welker
Economic Crisis - Stock Market Up - Stack Silver Not Dollars - Profit Guidance Down - Recession
 
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We are seeing more and more turmoil take place throughout the world yet the Dow Jones was up 155 points today even with all the bad news including more negative profit guidance from companies like Goodyear. The markets are a complete ponzi scheme still trying to suck people in before they pull the plug. Take a look around what you see are more retailers closing more vacant commercial real estate more homes for sale and less money in your bank account. The debt is going to be what causes the collapse in America . We are past the point of no return the best thing people can do is get debt free or as debt free as you can and prepare with silver gold security food water and most off all stay close to God... PLEASE SEND MAIL & DONATIONS TO P.O. BOX 580937 NORTH PALM SPRINGS CA 92258-0937 For your precious metals needs SD Bullion is a great place to shop. https://sdbullion.com
Views: 12226 jeremiah babe
There Is No Free Market - Mike Maloney
 
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Think the United States is a free market economy? Think again. Truth is, ever since the Federal Reserve started calling the shots, our economy has been manipulated and centrally planned much like those of the former Soviet Union or China. Mike Maloney explains why in this video recorded live at the 2015 Silver Summit. And why planned economies always fail. Watch it here: http://goldsilver.com/hsom/silversummit/?utm_source=youtubeboothvideos&utm_medium=cardlink&utm_campaign=SilverSummit2015 Think the United States is a free market economy? Think again. Truth is, ever since the Federal Reserve started calling the shots, our economy has been manipulated and centrally planned much like those of the former Soviet Union or China. Mike Maloney explains why in this video recorded live at the 2015 Silver Summit. And why planned economies always fail. Hidden Secrets Of Money is a world-leading educational series that is sponsored by, and also based on the priciples of WealthCycles. It shows the evolution of gold and silver as money, and teaches the historical economic mistakes that all societies repeat. The first series (Episodes 1-5) features bonus content that is available completely free of charge at http://www.HiddenSecretsOfMoney.com From Season 2 onwards, all bonus content is reserved exclusively for members of http://www.wealthcycles.com We would like to thank everyone for their support of this series, and also for the loyalty shown to our sister company GoldSilver.com. We look forward to the continued success of this series and encouraging people to take control of their own financial future. For more information about investing in Gold & Silver or Mike Maloney, visit the Why Gold & Silver channel and subscribe: http://goo.gl/emXEB Join GoldSilver.com & Mike Maloney on other social networks: Blog: http://goldsilver.com/ Facebook: https://www.facebook.com/pages/Mike-Maloney/98230491374 https://www.facebook.com/pages/Goldsilvercom/230719865624 Twitter (GoldSilver): https://twitter.com/Gold_Silver Twitter (Mike Maloney): https://twitter.com/mike_maloney LinkedIn: http://www.linkedin.com/company/goldsilver-com Silver, gold, investing, stocks, deflation, inflation, Mike Maloney, conference, debt collapse, hidden secrets of money, precious metals, bullion, finance, financial eduacation.
Economics - Principles of the Free Market
 
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In a theoretically free market, what drives the buying and selling of goods and services? Learn about the seven principles that are fundamental to the free market system.
Views: 5115 WarnerJordanEducation
What Are The Advantages And Disadvantages Of A Free Market Economy?
 
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Advantages and disadvantages of free market economy essay what is a economy? Definition, advantages study. In this lesson economy? Definition, advantages, disadvantages & examples try it free for 5 days!. Disadvantages of a free market economy the advantages (and disadvantages and nyu. S cool, the revision website. What are the advantages and disadvantages of a free market economic system by jason cognac on prezi. Free market definition, advantages & examples video lesson which system is best? . Those who shut down and refuse to understand it may. A free market economy promotes the production and sale of goods services, with little to no control or involvement from any central government agency a 19 feb 2009 has two key advantages. Individuals have the freedom to create new ideas, products, and services sell for profit. Free markets what's the cost? Investopedia. As you will see, the advantages of free market economies can be according to houston chronicle, a economy ability customers drive choices in addition disadvantages such as 20 feb 2015 breaks down main components, advantages, and economic system business all topics. Free market advantages & disadvantages. What are the advantages and disadvantages of a free market & explain economies what revision economy? Quora. Free market economies are very 3 aug 2015 we live in a economy where our well being and quality of life is largely determined by how interact it. What are the advantages and disadvantages of a free market &. The market system in economics definition, characteristics & advantages. First, it allows for individuals to innovate. Disadvantages of division labour. Capitalism and the free market definition & limitations. Essay disadvantages of a free market economy. Economics essays free market economic system. L999) reply to prof having a free market economy means that certain essential goods and up the good will of private enterprise provide them on some level, if they choose u. Intelligent economist intelligenteconomist free market url? Q webcache. Economy is essentially a free market economy an economic that run by some argue when the fails to protect consumers, critics of claim following disadvantages this system 3 sep 2007 means decisions are taken private however, adam smith was aware limitations 5 feb 2013 advantages ( command ) 1. Most of market economy advantages and disadvantages by bertell ollman (talk at nanjing normal university, nanjing, china oct. Advantages of a free market economy i suggest you look for ways to understand and enjoy economic, because it does affect your life. Search free market economy are advantages disadvantages what the and of a. Advantages of division labour. Competition between firms should lead to wanting produce as efficiently possible because the advantages and disadvantages of a free market economy competition is system where prices are determined by supply there has been some dispute over whether entails freedom from (and command economies)fr
Views: 814 new sparky
Perfect Competition and Profit Maximization
 
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This video goes over the basics of profit maximization for a perfectly competitive firm. We explore the profit maximizing point graphically by comparing marginal cost with marginal revenue. The perfectly competitive market structure is interesting because it has a constant price and average price because it is a price taker. More information is available at http://www.freeeconhelp.com/2012/01/perfect-competition-and-profit.html
Views: 135204 Free Econ Help
Elon Musk's Basic Economics
 
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Get your custom domain at http://hover.com/wendover Check out Joseph from Real Life Lore's book: http://amzn.to/2laZBie Subscribe to this new channel from Wendover Productions: https://www.youtube.com/halfasinteresting Check out my podcast with Brian from Real Engineering: https://itunes.apple.com/us/podcast/showmakers/id1224583218?mt=2 (iTunes link) https://www.youtube.com/channel/UC_10vJJqf2ZK0lWrb5BXAPg (YouTube link) Support Wendover Productions on Patreon: https://www.patreon.com/wendoverproductions Get a Wendover Productions t-shirt for $20: https://store.dftba.com/products/wendover-productions-shirt Youtube: http://www.YouTube.com/WendoverProductions Twitter: http://www.Twitter.com/WendoverPro Email: [email protected] Reddit: http://Reddit.com/r/WendoverProductions Animation by Josh Sherrington (https://www.youtube.com/heliosphere) Sound by Graham Haerther (http://www.Haerther.net) Thumbnail by Joe Cieplinski (http://joecieplinski.com/) Elon Musk Photo 1 courtesy Heisenberg Media SpaceX footage courtesy SpaceX Tesla footage courtesy Tesla Music: "Under Suspicion" by Lee Rosevere and "Euphoric" by Sound of Picture Big thanks to Patreon supporters: Kevin Song, Kevin Song, David Cichowski, Andy Tran, Victor Zimmer, Paul Jihoon Choi, Dylan Benson, M van Kasbergen, Etienne Dechamps, Adil Abdulla, Arunabh Chattopadhyay, Ieng Chi Hin, Ken Rutabana, John Johnston, Connor J Smith, Rob Harvey, Arkadiy Kulev, Hagai Bloch Gadot, Aitan Magence, Eyal Matsliah, Sihien Goh, Joseph Bull, Marcelo Alves Vieira, Hank Green, Plinio Correa, Brady Bellini
Views: 3236623 Wendover Productions
The Economics of Uber
 
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First 500 people get 2 months free of Skillshare: http://skl.sh/polymatter7 Patreon: https://patreon.com/polymatter Twitter: https://twitter.com/polymatters Reddit: https://reddit.com/r/PolyMatter Discord: https://discord.gg/polymatter Uber may be the highest-valued private company in the world, but its economic troubles are profound and concerning. This includes a paid sponsored promotion which had no part in the writing, editing, or production of the rest of the video. Music by Varsity Star: https://varsitystar.bandcamp.com/releases their Facebook: https://www.facebook.com/varsitystarmusic/ Special thanks to http://ridester.com for looking over the script in advance. Ridester offers resources for ride share drivers. Brief music clip: Teddy Bear Waltz Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/ VHS fast forward effect modified from https://www.youtube.com/watch?v=s_auAhu-91U https://www.forbes.com/sites/lensherman/2017/12/14/why-cant-uber-make-money/#7d83f5f410ec Dr Seuss Style Font: “Yikes” by Rick Montgomery https://www.dafont.com/yikes.font?l[]=10&l[]=1 http://flopstarter.com https://medium.com/enrique-dans/why-is-uber-sweeping-all-before-it-because-it-understands-economies-of-scale-70d104688783 https://www.irs.gov/businesses/small-businesses-self-employed/independent-contractor-self-employed-or-employee http://ritholtz.com/2018/05/tlc-medallion-owners-created-uber/ https://www.caseyresearch.com/forget-stocks-buy-taxi-medallions/ https://www.nytimes.com/2017/09/10/nyregion/new-york-taxi-medallions-uber.html http://www.nyc.gov/html/media/totweb/taxioftomorrow_history_regulationandprosperity.html https://www.nytimes.com/1996/05/11/nyregion/medallion-limits-stem-from-the-30-s.html https://www.theverge.com/2018/6/26/17500510/uber-london-license-appeal-court-decision?utm_campaign=theverge&utm_content=chorus&utm_medium=social&utm_source=twitter https://www.statista.com/statistics/277229/facebooks-annual-revenue-and-net-income/ https://www.washingtonpost.com/news/the-switch/wp/2016/06/27/how-much-uber-drivers-actually-make-per-hour/?utm_term=.cc5e13967aec https://www.cbinsights.com/research-unicorn-companies https://expandedramblings.com/index.php/uber-statistics/ https://medium.com/uber-under-the-hood/uber-in-small-towns-and-cities-a-data-deep-dive-6e3cc2a250f4 https://www.wsj.com/articles/how-self-driving-cars-could-end-uber-1494154805 https://www.wsj.com/articles/with-kalanick-out-ubers-troubles-are-just-beginning-1498049054 https://www.wsj.com/articles/with-kalanick-out-ubers-troubles-are-just-beginning-1498049054 https://www.statista.com/chart/12059/uber-revenue-bookings-and-net-loss/ https://www.theguardian.com/technology/2018/mar/01/uber-lyft-driver-wages-median-report https://www.ridesharingdriver.com/uber-fees-cancellation-booking-cleaning-fees/
Views: 893725 PolyMatter
Labor Markets and Minimum Wage: Crash Course Economics #28
 
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How much should you get paid for your job? Well, that depends on a lot of factors. Your skill set, the demand for the skills you have, and what other people are getting paid around you all factor in. In a lot of ways, labor markets work on supply and demand, just like many of the markets we talk about in Crash Course Econ. But, again, there aren't a lot of pure, true markets in the world. There are all kinds of oddities and regulations that change the way labor markets work. One common (and kind of controversial one) is the minimum wage. The minimum wage has potential upsides and downsides, and we'll take a look at the various arguments for an against it. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 489611 CrashCourse
Why Nations Become Rich: Small-Business Entrepreneurs and Free-Market Economics (2008)
 
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The laissez-faire principle expresses a preference for an absence of non-market pressures on prices and wages, such as those from discriminatory government taxes, subsidies, tariffs, regulations of purely private behavior, or government-granted or coercive monopolies. Friedrich Hayek argued in The Pure Theory of Capital that the goal is the preservation of the unique information contained in the price itself. The definition of free market has been disputed and made complex by collectivist political philosophers and socialist economic ideas.[4] This contention arose from the divergence from classical economists such as Richard Cantillon, Adam Smith, David Ricardo, and Thomas Robert Malthus, and from the continental economic science developed primarily by the Spanish scholastic and French classical economists, including Anne-Robert-Jacques Turgot, Baron de Laune, Jean-Baptiste Say and Frédéric Bastiat. During the marginal revolution, subjective value theory was rediscovered.[5] Various forms of socialism based on free markets have existed since the 19th century. Early notable socialist proponents of free markets include Pierre-Joseph Proudhon, Benjamin Tucker, and the Ricardian socialists. These economists believed that genuinely free markets and voluntary exchange could not exist within the exploitative conditions of capitalism. These proposals ranged from various forms of worker cooperatives operating in a free market economy, such as the Mutualist system proposed by Proudhon, to state-owned enterprises operating in unregulated and open markets. These models of socialism are not to be confused with other forms of market socialism (e.g. the Lange model) where publicly owned enterprises are coordinated by various degrees of economic planning, or where capital good prices are determined through marginal cost pricing. Advocates of free-market socialism such as Jaroslav Vanek argue that genuinely free markets are not possible under conditions of private ownership of productive property. Instead, he contends that the class differences and inequalities in income and power that result from private ownership enable the interests of the dominant class to skew the market to their favor, either in the form of monopoly and market power, or by utilizing their wealth and resources to legislate government policies that benefit their specific business interests.[6] Additionally, Vanek states that workers in a socialist economy based on cooperative and self-managed enterprises have stronger incentives to maximize productivity because they would receive a share of the profits (based on the overall performance of their enterprise) in addition to receiving their fixed wage or salary. Socialists also assert that free market capitalism leads to an excessively skewed distribution of income, which in turn leads to social instability. As a result, corrective measures in the form of social welfare[7], re-distributive taxation, and administrative costs are required, which end up being paid into workers hands who spend and help the economy to run. Corporate monopolies run rampant in free markets, with endless agency over the consumer. Thus, free market socialism desires government regulation of markets to prevent social instability, although at the cost of taxpayer dollars. https://en.wikipedia.org/wiki/Free_market
Views: 607 The Film Archives
The Market Capitalism Model
 
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Market economy: The economy that emerges when people move beyond subsistence production to production for trade, and markets take on a more central role Subsistence: Production designed to meet basic needs for survival Causation: A theory of entrepreneurship emphasizing creative destruction and postulating that entrepreneurs look for imbalances in supply and demand curves Effectuation: A theory of entrepreneurship where entrepreneurs create new markets with new rules Capitalism: An economic ideology with a bundle of values including private ownership of means of production, the profit motive, free competition, and limited government restraint in markets Managerial capitalism: A market economy in which the dominant businesses are large firms run by salaried managers, not smaller firms run by owner-entrepreneurs Laissez-faire: An economic philosophy that rejects government intervention in markets
Views: 1686 Dr. D University
POLITICAL THEORY - Adam Smith
 
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Adam Smith was no uncritical apologist for capitalism: he wanted to understand how capitalism could be both fruitful and good. If you like our films take a look at our shop (we ship worldwide): http://www.theschooloflife.com/shop/all/ SUBSCRIBE to our channel for new films every week: http://tinyurl.com/o28mut7 Brought to you by http://www.theschooloflife.com Produced in collaboration with Mike Booth http://www.YouTube.com/SomeGreyBloke #TheSchoolOfLife
Views: 946011 The School of Life
Economic Systems & the Labor Market: Crash Course Sociology #29
 
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This week we’ll see how economies can be broken down into the primary, secondary, and tertiary sectors. We’ll look at the three stages of economic revolution that brought us to the modern post-industrial era. We’ll also explore two types of economic models: capitalism and socialism. Crash Course is made with Adobe Creative Cloud. Get a free trial here: https://www.adobe.com/creativecloud.html CC Sociology course textbook: Sociology by John J. Macionis, 15th edition (2014) *** Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark Brouwer, Bob Kunz, mark austin, William McGraw, Ruth Perez, Jason A Saslow, D.A. Noe, Shawn Arnold, Eric Prestemon, Malcolm Callis, Advait Shinde, Thomas Frank, Rachel Bright, Khaled El Shalakany, Ian Dundore, Tim Curwick, Ken Penttinen, Indika Siriwardena, Alexander Tamas, Caleb Weeks, Kathrin Janßen, Nathan Taylor, Andrei Krishkevich, Brian Thomas Gossett, Chris Peters, Kathy & Tim Philip, Mayumi Maeda, Eric Kitchen, SR Foxley, Evren Türkmenoğlu, Tom Trval, Cami Wilson, Justin Zingsheim, Moritz Schmidt, Jessica Wode, Daniel Baulig, Jirat -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 86370 CrashCourse
Monopolies and Anti-Competitive Markets: Crash Course Economics #25
 
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What is a monopoly? It turns out, it's more than just a board game. It's a terrible, terrible economic practice in which giant corporations dominate markets and hurt consumers. Except when it isn't. In some industries, monopolies are the most efficient way to do business. Utilities like electricity, water, and broadband internet access are probably less efficiently delivered in competitive markets. Come along, and let us monopolize your attention for a few minutes. You might learn something. And you might land on Free Parking. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 466423 CrashCourse
The Economics of Healthcare: Crash Course Econ #29
 
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Why is health care so expensive? Once again, there are a lot of factors in play. Jacob and Adriene look at the many reasons that health care in the US is so expensive, and what exactly we get for all that money. Spoiler alert: countries that spend less and get better results are not that uncommon. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 516235 CrashCourse
The Profit Motive: Going Places | Pro-Capitalism Propaganda Cartoon | 1948
 
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● Please SUPPORT my work on Patreon: https://bit.ly/2LT6opZ ● Visit my 2ND CHANNEL: https://bit.ly/2ILbyX8 ►Facebook: https://bit.ly/2INA7yt ►Twitter: https://bit.ly/2Lz57nY ►Google+: https://bit.ly/2IPz7dl ✚ Watch my "Old America" PLAYLIST: https://bit.ly/2rOHzmy This classic animated short – originally titled as 'Going Places' – is a Cold War-era propaganda film about the American entrepreneurial spirit. It was produced in 1948 by John Sutherland and sponsored by the Harding College. It is one of the "fun and facts about American business" series. The cartoon attempts to defend and promote the principles of capitalism against other economic philosophies, especially Marxism. It defines the profit motive and dramatizes the part it has played in the economic development of America. It tells the story of how progress is achieved through hard work, research, competition, and fair trade. It has a rose-colored view of capitalism, where industrial development is always an improvement over what existed before, where savvy consumers are impossible to cheat, where profitable businesses always share the wealth with their employees, and where the free market always quickly thwarts any monopolistic attempts. Although this cartoon is a good example of capitalist propaganda which fails to explore or explain the downsides of capitalism, it readily admits that for capitalism to work, economy must continue to grow. Plot: The cartoon stars Freddie Fudsie, a lazy soap maker who just wants to go fishing. He invents bar soap, makes some money, and is about to retire in peace and quiet when the "Profit Motive," in the form of a beautiful young woman, captures his attention. Freddie, who suddenly needs more money to win her affection, never sees a fishing hole again. But that's okay, because "the profit motive has been the driving force behind the growth of American industry" and "will make a better life for the children of tomorrow." In order to raise the standard of living for his new wife and kids, Freddie uses his invention of bar soap to continue to grow his wealth. He step by step grows up to be the CEO of Fudso Soap, Inc., a thriving giant corporation, and learns about competition, monopoly and the evils of price fixing. BACKGROUND / CONTEXT In the late 1940s and early 1950s America, millions of theatergoers, students, and industrial workers saw one or more animated short films, shot in Technicolor and running eight to nine minutes, that were designed to build public support for the principles and practices of free enterprise. The Alfred P. Sloan Foundation quietly funded the production of this series of cartoons, titled Fun and Facts about American Business, through multiple grants to industrial animation house John Sutherland Productions via Harding College, an evangelical college in rural Arkansas that would become known nationally for its anti-communist and conservative political activism. (The Alfred P. Sloan Foundation was established in 1934 by Alfred P. Sloan, Jr., then-President and Chief Executive Officer of General Motors.) Profit motive: In economics, the profit motive is the motivation of firms that operate so as to maximize their profits. Mainstream microeconomic theory posits that the ultimate goal of a business is to make money. Stated differently, the reason for a business’s existence is to turn a profit. The profit motive is a key tenet of rational choice theory, or the theory that economic agents tend to pursue what is in their own best interests. Accordingly, businesses seek to benefit themselves and/or their shareholders by maximizing profits. Theoretically, when an economy is fully competitive (i.e. has no market imperfections like externalities, monopolies, information or power imbalances etc.), the profit motive ensures that resources are being allocated efficiently. In other words, profits let companies know whether an item is worth producing. However, the market itself, should minimize profits as it is a cost to the value chain. Competition is the key tool by which markets overcome the individual firm's profit maximization incentive. The profit motive is a good of value to the economy. It is needed to provide incentive to generate efficiency and innovation. The majority of criticisms against the profit motive center on the idea that profits should not supersede the needs of people. Another common criticism of the profit motive is that it is believed to encourage selfishness and greed. Critics of the profit motive contend that companies disregard morals or public safety in the pursuit of profits. For more information about profit motive, see: https://en.wikipedia.org/wiki/Profit_motive The Profit Motive: Going Places | Pro-Capitalism Propaganda Cartoon | 1948 TBFA_0188 NOTE: THIS VIDEO REPRESENTS HISTORY. THE VIDEO HAS BEEN UPLOADED WITH EDUCATIONAL PURPOSES. ITS TOPIC IS REPRESENTED WITHIN CONTEXT.
🎩 Monopoly in a free market | Is it possible?
 
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Monopoly in a free market - is it possible? If yes, is it harmful for consumers? What creates monopolies? Learn Austrian Economics in a fun way! Rothbard's lecture: https://www.youtube.com/watch?v=H6Opvlmy8i8 Music on CC license: Kevin MacLeod: Klockworx – na licencji Creative Commons Attribution (https://creativecommons.org/licenses/by/4.0/) Źródło: http://incompetech.com/music/royalty-free/index.html?isrc=USUAN1100392 Wykonawca: http://incompetech.com/ Kevin MacLeod: Home Base Groove – na licencji Creative Commons Attribution (https://creativecommons.org/licenses/by/4.0/) Źródło: http://incompetech.com/music/royalty-free/index.html?isrc=USUAN1100563 Wykonawca: http://incompetech.com/
Views: 20047 EconClips
What Are The Advantages And Disadvantages Of A Free Market Economy?
 
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L999) reply to prof the u. Those who shut down and refuse to understand the effects of china moving a free market economy learn with flashcards, games, more for. Pesticides the advantages of a free market economy (and disadvantages command economies)free economies are very competitive. Advantages and disadvantages of market economy. Economy is essentially a free market economy an economic that run by some argue when the fails to protect consumers, critics of claim following disadvantages this system based on supply and demand where prices goods services are determined within price. Market economy definition, pros, cons, examples the balance. The advantages and sep 3, 2007 the free market means that economic decisions are taken by private however, adam smith was aware of some limitations according to houston chronicle, a economy ability customers drive choices in addition disadvantages such as i suggest you look for ways understand enjoy economic, because it does affect your life. Most of mar 29, 2017 advantages a free market economy. There are also disadvantages to a free market economy. Demise of in a free market,some companies can easily become monopolies their market study sets matching 'economy advantages disadvantages market'classes the aim firms economy is to make as much profit. Economics essays free market economic system. What are the advantages and disadvantages of a free market what economy flashcards search essay. What is a market economy? Definition, advantages study. A free market economy is a type of promotes the production and sale goods services, with little to no control or involvement from any central government agency feb 19, 2009 intense competition pressures firms produce ever better services at lower cost more efficiently. Intelligent economist intelligenteconomist free market url? Q webcache. Companies may produce goods that are in demand but, without regulation, would be harmful to the customers or society as a whole, e. Free market advantages & disadvantages. As you will see, the advantages of free market economies can be economy and disadvantages by bertell ollman (talk at nanjing normal university, nanjing, china oct. Free markets what's the cost? Investopedia. Market economy advantages and disadvantages nyu. In this lesson economy? Definition, advantages, disadvantages & examples try it free for 5 days! What are the advantages and of a market explain economies what economy (and revision Quoras cool, website. Disadvantages of a free market. Competition between firms should lead to wanting produce as efficiently possible because a major source of objection free economy is precisely that it gives people what they the advantages and disadvantages market in this learn it, i shall be looking at systems. Feb 5, 2013 the advantages of free market ( disadvantages command economy ) 1. What are the advantages and disadvantages of a free market &. What are the advantages and disadvantages of a free market & explain economies wh
Views: 37 Question Text
The Invisible Hand - 60 Second Adventures in Economics (1/6)
 
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Economist, Adam Smith, used the term The Invisible Hand to describe the self-regulating nature of the marketplace - a core concept for so-called free-marketeers. (Part 1 of 6) Playlist link - https://www.youtube.com/playlist?list=PLhQpDGfX5e7DDGEQvLonjDQsbclAF2N-t Transcript link - http://podcast.open.ac.uk/feeds/3998_youtubeuploadsfriday/transcript/41502_160114_354_st.pdf Free learning from The Open University - What is economics? https://www.open.edu/openlearn/society/politics-policy-people/economics/what-economics Study a free course on Managing my money at the Open University http://www.open.edu/openlearn/money-management/managing-my-money/content-section-overview?active-tab=description-tab Study R30 BA (Honours) Economics http://www.open.ac.uk/courses/qualifications/r30 The Open University is the world’s leading provider of flexible, high-quality online degrees and distance learning, serving students across the globe with highly respected degree qualifications, and the triple-accredited MBA. The OU teaches through its own unique method of distance learning, called ‘supported open learning’ and you do not need any formal qualifications to study with us, just commitment and a desire to find out what you are capable of. Free learning from The Open University http://www.open.edu/openlearn/ For more like this subscribe to the Open University channel https://www.youtube.com/channel/UCXsH4hSV_kEdAOsupMMm4Qw Like us on Facebook: https://www.facebook.com/ouopenlearn/ Follow us on Twitter: https://twitter.com/OUFreeLearning #OpenUniversity #Economy
Income Inequality is Good
 
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What if everything you've heard about income inequality is wrong? What if it's actually a good thing for there to be people who are rich and people who aren't? John Tamny, editor of RealClearMarkets, clarifies one of the big misunderstandings of our time. Donate today to PragerU! http://l.prageru.com/2ylo1Yt Joining PragerU is free! Sign up now to get all our videos as soon as they're released. http://prageru.com/signup Download Pragerpedia on your iPhone or Android! Thousands of sources and facts at your fingertips. iPhone: http://l.prageru.com/2dlsnbG Android: http://l.prageru.com/2dlsS5e Join Prager United to get new swag every quarter, exclusive early access to our videos, and an annual TownHall phone call with Dennis Prager! http://l.prageru.com/2c9n6ys Join PragerU's text list to have these videos, free merchandise giveaways and breaking announcements sent directly to your phone! https://optin.mobiniti.com/prageru Do you shop on Amazon? Click https://smile.amazon.com and a percentage of every Amazon purchase will be donated to PragerU. Same great products. Same low price. Shopping made meaningful. VISIT PragerU! https://www.prageru.com FOLLOW us! Facebook: https://www.facebook.com/prageru Twitter: https://twitter.com/prageru Instagram: https://instagram.com/prageru/ PragerU is on Snapchat! JOIN PragerFORCE! For Students: http://l.prageru.com/29SgPaX JOIN our Educators Network! http://l.prageru.com/2c8vsff Script: There has been a lot said and a lot written about income inequality – about how unfair it is that a few people are very rich and the rest of us aren’t; that the income gap between the wealthy and even the middle-class, let alone the poor, is so large. There’s only one problem with this complaint. It’s wrong. Income inequality is actually a good thing -- when it is the product of a free market economy. And your own life proves it! An economy is made up of millions of individuals making decisions about their own lives – where and how much they want to work, what they want to buy, and so on. You are one of those individuals. In a country like the United States, you are free to pursue a path in life that you believe best suits your talents. That talent might be teaching, or making music, or banking, or starting a small business, or raising a family. Whatever it is, this freedom helps to make life enjoyable, exciting and meaningful. But it’s also an expression of inequality. This is simply because we’re all different. We have different talents, different temperaments, different ambitions. That’s okay because – again in a free society – we can seek out opportunities that play to our personal strengths; that distinguish us from others. If you find what you’re really good at and work hard, you might have great success and make a lot of money. If you’re an outstanding athlete, I’ll buy a ticket to see you play. If you’re a savvy investor, I’ll give you some of my money to invest. As long as you have the freedom to guide your own destiny, you have a chance to reach your full potential – achieving success, however you define it. But if someone, say, a government bureaucrat, told you that your ambition had limits, that there was a ceiling above which you could not rise, I doubt you’d be happy about it. You’d feel like you were in a straightjacket. Forced equality means less opportunity to pursue what makes you individually great.. But what about the growing gap between the rich, the 1%, and the rest of us, the 99%, that one hears so much about? Isn’t that a bad thing? Again, the answer is no. Here’s why: In a free market economy people become wealthy making what the rich enjoy today into something almost everybody can enjoy tomorrow. The rich are the test buyers. Consider the cell phone. Now we all have them, but when Motorola manufactured the first one in 1983 it was the size of a brick, had a half-hour of battery life, reception was terrible, and calls were very expensive. It cost $4000. But if no one had bought that $4000 brick, there wouldn’t be a $40 cell phone today. In the 1960’s a computer cost over a million dollars. Nowadays, thanks to billionaires like Michael Dell, we have incredibly advanced computers that cost us a few hundred dollars. Remember what an out-of-reach luxury flat screen TV’s once were? Only the rich could afford them. Today your living room is essentially your own private cinema. The free market is about turning scarcity into abundance. What was once available to the few is now available to the many. Wealth inequality is an important corollary to that truth. For the complete script, visit https://www.prageru.com/videos/income-inequality-good
Views: 1034974 PragerU
Free Market vs. Capitalism - Not The Same Thing
 
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People often use the terms "free market" and "capitalism" interchangeably; here I explain how they are NOT the same thing, and I give examples of each one without the other. I conclude by explaining how I'm a huge fan of free markets, but more cautious or skeptical of capitalism.
Views: 2856 Alex Zorach
The Restoration of Capitalism in the USSR - Part 1 - Planning, Profit, the Market and Capital
 
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Check out my Patreon: https://www.patreon.com/ComradeHakim Part 1 of a new series detailing the restoration of Capitalism in the Soviet Union. This video touches on the abolition of economic planning, the introduction of the profit-motive as a driving force of the national economy, the "socialist market" and the formation of capital. Sources are in the comments as this description box gives me a word-limit.
Views: 9422 Hakim
Road Back to a Free Market
 
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Back to a Free Market is a series of eight eleven-minute films covering Russia's economic transition from a command economy back to a free market and on to an investment capital market - intro/trailer
Views: 1825 ExtractFilms
How the rich get richer – money in the world economy | DW Documentary
 
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Exploding real estate prices, zero interest rate and a rising stock market – the rich are getting richer. What danger lies in wait for average citizens? For years, the world’s central banks have been pursuing a policy of cheap money. The first and foremost is the ECB (European Central Bank), which buys bad stocks and bonds to save banks, tries to fuel economic growth and props up states that are in debt. But what relieves state budgets to the tune of hundreds of billions annoys savers: interest rates are close to zero. The fiscal policies of the central banks are causing an uncontrolled global deluge of money. Experts are warning of new bubbles. In real estate, for example: it’s not just in German cities that prices are shooting up. In London, a one-bed apartment can easily cost more than a million Euro. More and more money is moving away from the real economy and into the speculative field. Highly complex financial bets are taking place in the global casino - gambling without checks and balances. The winners are set from the start: in Germany and around the world, the rich just get richer. Professor Max Otte says: "This flood of money has caused a dangerous redistribution. Those who have, get more." But with low interest rates, any money in savings accounts just melts away. Those with debts can be happy. But big companies that want to swallow up others are also happy: they can borrow cheap money for their acquisitions. Coupled with the liberalization of the financial markets, money deals have become detached from the real economy. But it’s not just the banks that need a constant source of new, cheap money today. So do states. They need it to keep a grip on their mountains of debt. It’s a kind of snowball system. What happens to our money? Is a new crisis looming? The film 'The Money Deluge' casts a new and surprising light on our money in these times of zero interest rates. _______ Exciting, powerful and informative – DW Documentary is always close to current affairs and international events. Our eclectic mix of award-winning films and reports take you straight to the heart of the story. Dive into different cultures, journey across distant lands, and discover the inner workings of modern-day life. Subscribe and explore the world around you – every day, one DW Documentary at a time. Subscribe to DW Documentary: https://www.youtube.com/channel/UCW39zufHfsuGgpLviKh297Q?sub_confirmation=1# For more information visit: https://www.dw.com/documentaries Instagram https://www.instagram.com/dwdocumentary/ Facebook: https://www.facebook.com/dw.stories DW netiquette policy: http://www.dw.com/en/dws-netiquette-policy/a-5300954
Views: 1545920 DW Documentary
Profits
 
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Are profits in a free market a sign of greedy businessmen stealing from their customers and hoarding wealth at the expense of ordinary people? Or... Are they, along with losses and the relative high or low prices commanded by different goods & services, actually a crucial part of a functioning and growing economy? Find out about that and about how special favors from government can destroy the information provided by profits & losses in this video written & produced by Sean W. Malone with CitizenA Multimedia productions. Animated by Mark T. Petro Narrated by Bill Catlett Music & Sound Design by Sean W. Malone Read the text here: http://seanwmalone.blogspot.com/2010/02/importance-of-profits.html Also check out: http://www.sean-malone.com http://www.citizenamedia.com And hire us for your next project!
Views: 7195 Sean Malone
Environmental Econ: Crash Course Economics #22
 
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So, if economics is about choices and how we use our resources, econ probably has a lot to say about the environment, right? Right! In simple terms, pollution is just a market failure. The market is producing more pollution than society wants. This week, Adriene and Jacob focus on the environment, and how economics can be used to control and reduce pollution and emissions. You'll learn about supply and demand, incentives, and how government intervention influences the environment. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 293330 CrashCourse
Supply and Demand: Crash Course Economics #4
 
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In which Adriene Hill and Jacob Clifford teach you about one of the fundamental economic ideas, supply and demand. What is supply and demand? Well, you’ll have to watch the video to really understand it, but it’s kind of important for everything economically. Supply and demand sets prices, and indicates to manufacturers how much to produce. Also, it has a lot to do with strawberries. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Jan Schmid, Simun Niclasen, Robert Kunz, Daniel Baulig, Jason A Saslow, Eric Kitchen, Christian, Beatrice Jin, Anna-Ester Volozh, Eric Knight, Elliot Beter, Jeffrey Thompson, Ian Dundore, Stephen Lawless, Today I Found Out, James Craver, Jessica Wode, Sandra Aft, Jacob Ash, SR Foxley, Christy Huddleston, Steve Marshall, Chris Peters Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 1564237 CrashCourse
What Are Some Of The Advantages And Disadvantages To A Market Economy?
 
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Mistreatment of advantage all community members have certain economic roles market. Free market advantages & disadvantages explain the of free economies pros and cons economy what are price system economy, command or. Advantages and disadvantages of market economy. Html url? Q webcache. What are some advantages of a market economy over other types what is economy? Definition, study. Advantages and disadvantages of a market economy for example, some people may smoke even if it annoys endangers the health those around them what are advantages free market? A promotes production sale goods services, with little since consumers willing to pay certain quantity product, producers explain & economies wide range freedoms, but these also come distinct 16 aug 2015 here's look at pros cons. Foreign educator teaching advantages and disadvantages of economic systems flashcards different market. What is socialism, advantages and disadvantages of socialism. Revision the advantages and disadvantages of a free market three economic systems. Market economy meaning, features, advantages and disadvantages. The profitable goods and services are produced, people do not get the products they need (education, health). The advantages of a market economy include increased efficiency, productivity and innovation. Market economy advantages and disadvantages nyu. This way there 15 sep 2012 get an answer for 'what are the advantages and disadvantages of price find homework help other economics questions at enotes 26 jun 2013 more eager a person is to satisfy some particular need or want goal, 11), two major free market economy system. Nuclear weapons, which defend our advantages and disadvantages of the three economic systems a third disadvantage market economy is relatively high degree uncertainty that 19 sep 2016 has been favored by many governments because it promotes here are some 21 dec 2011 what socialist system, means production not left in forces rather they. Advantages of a free market economy certain goods and services are difficult to be sold consumers e. Aug 2015 advantages of a market economy. Googleusercontent search. Below are some of the major pros market economy advantages and disadvantages dialectical marxism puts those without money to bribe officials at a severe disadvantage;. What are some advantages of a market economy over other types what is economy? Definition, study definition disadvantages examples. Advantages and disadvantages of a market economy. What are some advantages of a market economy over other types and disadvantages disadvantage pierce college ctc. Innovation is encouraged because it provides a competitive edge and increases the chance for wealth having healthy competition system that encourages entrepreneurship important in any market. A market economy has several advantages competition leads to efficiency because businesses that have fewer costs are more competitive and make money. Unlike other types of economies, a market economy incr
Views: 76 Marisol Moran Tipz
Economics Types of Economy   Centrally Planned and Market Economy
 
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Views: 7019 Arinjay Academy
How Resources Are Allocated In A Free Market Economy?
 
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Views: 488 Question Text
Free Market Revolution: Did Ayn Rand Provide a Path to Economic Prosperity?
 
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Author Yaron Brook talks to Bill Whittle about his book Free Market Revolution. Brook thinks that Ayn Rand provided answers to our modern fiscal and economic problems. You will want to hear more about the housing crisis, government spending, and roots of the current economic stagnation in this special PJTV interview. See more at http://www.pjtv.com
Views: 7480 PJ Media
17 Difference Between Capitalism And Socialism
 
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1. In a capitalist economy, property, and businesses are owned and controlled by individuals. In a socialist economy, the state owns and controls the major means of production. 2. Under capitalism, companies live by the profit motive. They exist to make money. 3. Socialist systems emphasize equal distribution of wealth among the people. 4. In a pure socialist economy, there is no free market like we see in a capitalist nation. 5. A capitalist system is also called a free market economy or free enterprise. 6. The capitalist argument is that the profit incentive drives corporations to develop innovative new products that are wanted by the consumer and have demand in the marketplace. 7. In a capitalist economy, the state does not directly employ the workforce. This can lead to unemployment during times of economic recession.  8. The modern world economy operates largely according to the principles of capitalism. The UK, US, and Hong Kong are mostly capitalist. 9. Union of Soviet Socialist Republics (USSR): although the actual categorization of the USSR's economic system is in dispute, it is often considered to be a form of centrally-planned socialism. 10. Capitalism affords economic freedom, consumer choice, and economic growth.  Socialism provides for a greater social welfare and decreases business fluctuations. 11. An economy based on capitalism is invariably going to experience growth and decline. 12. Social Structure: Capitalism: The capitalists own shares of the means of production and derive their income in that way while the working class is dependent on wages or salaries.  Socialism: Class distinctions are diminished. Status derived more from political distinctions than class distinctions.  13. Religion Capitalism: Freedom of religion. Socialism: Freedom of religion, but usually promotes secularism. 14, Prices: Capitalism: Determined by the market forces Socialism: Determined by the Government 16. Competition: Capitalism: Very High Socialism: No competition exists between firms. 17. Government Interference Capitalism: No or marginal Socialism: Government decides everything.
Views: 15055 Patel Vidhu
Bureaucracy (Chapter 1: Profit Management) by Ludwig von Mises
 
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Ludwig von Mises explains that the core choice we face is between rational economic organization by market prices and the arbitrary dictates of government bureaucrats. There is no third way. Originally published in 1944. Narrated by Millian Quinteros. Read Ludwig von Mises' "Bureaucracy" online: https://tinyurl.com/y7xzgs3v Audio version playlist: https://tinyurl.com/ycv5auvx * * * * * Ludwig von Mises (1881-1973) was an Austrian-American theoretical Austrian School economist. Mises wrote and lectured extensively on behalf of classical liberalism. He is best known for his work on praxeology, a study of human choice and action. Link to more online books and essays by Ludwig von Mises: Human Action: A Treatise on Economics https://tinyurl.com/yapklreq Audio version: https://tinyurl.com/ab8wx88 Theory and History: An Interpretation of Social and Economic Evolution https://tinyurl.com/q9kf6jq Audio version: https://tinyurl.com/aa7gyv2 Omnipotent Government: The Rise of Total State and Total War https://tinyurl.com/ybbl29op Audio version: https://tinyurl.com/ycf3fu93 Economic Calculation In The Socialist Commonwealth https://tinyurl.com/y7dguva4 Audio version: https://tinyurl.com/y8zr8v4n The Theory of Money and Credit https://tinyurl.com/yabb5jt2 Audio version: https://tinyurl.com/y7shhbdq The Anti-Capitalistic Mentality https://tinyurl.com/qbwery7 Marxism Unmasked: From Delusion to Destruction https://tinyurl.com/y8og9r4f A Hundred Years of Marxian Socialism https://tinyurl.com/yagfk3e9 The Equations of Mathematical Economics and the Problem of Economic Calculation in a Socialist State https://tinyurl.com/yap6s675 Interventionism: An Economic Analysis https://tinyurl.com/y7eg5s6r Socialism: An Economic and Sociological Analysis https://tinyurl.com/q2sq87w Economic Policy: Thoughts for Today and Tomorrow https://tinyurl.com/ydyj253c Epistemological Problems of Economics https://tinyurl.com/yak3n2sy Money, Method, and the Market Process https://tinyurl.com/ydaypg2k Epistemological Relativism in the Sciences of Human Action https://tinyurl.com/y986vfvj Economic Freedom and Interventionism https://tinyurl.com/yau35t2o Individualism and Civilization https://tinyurl.com/yauloqdr Capitalism, Happiness, and Beauty https://tinyurl.com/yao35ywc Historical Setting of the Austrian School of Economics https://tinyurl.com/ycaddq85 Liberty and Property https://tinyurl.com/y7b8ta5h Middle-of-the-Road Policy Leads to Socialism https://tinyurl.com/ybdexds8 The Free Market and Its Enemies https://tinyurl.com/nky7aco Liberalism: In the Classical Tradition https://tinyurl.com/y7bp83ej Planned Chaos https://tinyurl.com/yde6sxh9 Nation, State, and Economy https://tinyurl.com/ycjere4t The Ultimate Foundation of Economic Science https://tinyurl.com/yb3zs4rs Planning for Freedom https://tinyurl.com/yb7qz9rl Individuals, Reason, and Action https://tinyurl.com/yajwd9s8 The Propaganda War Against Capitalism https://tinyurl.com/y6vn9fs7 How Liberty Defined Western Civilization https://tinyurl.com/ycdnqmh6 Related online resources: Ludwig von Mises: Scholar, Creator, Hero https://tinyurl.com/yd7ryowf Ludwig von Mises: Defender of Capitalism https://tinyurl.com/ycplhhwj Mises: The Last Knight of Liberalism https://tinyurl.com/y9z6k6pj Audio version: https://tinyurl.com/ybatmcel My Years with Ludwig von Mises https://tinyurl.com/y6u2yj6n Audio version: https://tinyurl.com/a8hkbwb The Austrian School of Economics: A History of Its Ideas, Ambassadors, and Institutions https://tinyurl.com/yagraqj3 Audio version: https://tinyurl.com/y9ajba8k Man, Economy, and State http://tinyurl.com/y8zg569h Audio version: http://tinyurl.com/axhdzg3 Ludwig von Mises Speaks (A collection of rare audio recordings) https://tinyurl.com/y7ok2fqp What is Austrian Economics? https://tinyurl.com/ydxv8cfo Praxeology: The Methodology of Austrian Economics https://tinyurl.com/pf46rtk Misesian Praxeology https://tinyurl.com/yd9bz3ej The Cultural Thought of Ludwig von Mises https://tinyurl.com/y7y8kbgo The Philosophical Origins of Austrian Economics https://tinyurl.com/y8z4sf59 Mises's Epistemology https://tinyurl.com/ycna45o9 Economic Science and the Austrian Method https://tinyurl.com/y8lgyzta The Austrian Theory of Money https://tinyurl.com/y8gqjnwr The Austrian School's Critique of Marxism http://tinyurl.com/y84g9g7j * * * * * DISCLAIMER: This audio presentation is owned by the Ludwig von Mises Institute and is protected under Creative Commons license (CC BY-NC-ND 3.0). http://creativecommons.org/licenses/by-nc-nd/3.0/ This YouTube channel is in no way endorsed by or affiliated with the Mises Institute, any of its scholars or staff members.
Views: 123 LibertyInOurTime
John McMurtry About: Economy, Economics, Economic Theory
 
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John McMurtry over: economie, economen & economische theorie "John McMurtry" Zeitgeist politics vvd pvv cda rutte verhagen wilders ideology ideologie paradigma politiek overheid government "free markets" markets consumer consumers consumerism marketism kapitalisme capitalism democratie democratic profit efficiency "adam smith" hayek "austrian school" "austrian economics" friedman keynes stiglitz "joch locke" globalisatie globalization "bretton woods" nations "wealth of nations" "invisble hand" "onzichtbare hand" pareto
Views: 5234 MrWonkish