Masters Of Austrian Economics

Masters Of Austrian Economics
Academic Agent
Poziom: początkujący
Nurt ekonomii: Ekonomia austriacka
Temat: nauki o zarządzaniu, macroeconomics, mikroekonomia, money & debt
Formularz: Lecture / Presentation
Link: https://youtu.be/RPG_xv40vKs

The Masters of Austrian Economics playlist highlights the ideas and foundations of the Austrian school of economics. It espouses the work of some its prominent members such as Menger, Hayek, Mises, Rothbard and Bohm-Bawerk. The playlist aims to show how all economic phenomena ultimately result from the action of the individual. The mainstream formation of economic laws through econometrics is thus discarded and replaced with axiomatic deductive reasoning. It would be best for the visitor to follow in chronological order as the presenter builds on previous presentations to integrate ideas by older thinkers with the later ones. This is a great introduction for anyone with little to no experience in economics because it explains how humans act in the real world by example of Robinson Crusoe, a man stranded on an island. This method is easy to follow by contrast to the use of abstract models. The playlist is directed at anyone with in interest in economics.

Comment from our editors:

This is a fantastic introduction to Austrian Economics for laypeople. It slowly develops the school's core principles from the thinking of its founders, all the way to key thinkers to integrate both macro and microeconomics into one coherent whole.

For further reading you can also look at Exploring Economics foundational text on Austrian Economics here. 

Go to: Masters Of Austrian Economics

Tags: Austrian school | free market | heterodox economics | logic
Costas Lapavitsas explica el proceso de financiarización y la absorción de los sistemas de pensiones en éste. 2020 Level: zaawansowane Capitalismo financiarizado y pensiones Fundación Sol YouTube Economist and 2020 Balzan Prize winner for Environmental Challenges: Responses from the Social Sciences and Humanities, Joan Martínez Alier, speaks on the importance of ecological economics and its timeliness around the 2007/2008 global financial crisis. He speaks on the importance of building the field of ecological economics “from the ground up” through praxis. 2012 Level: początkujący Ecological Economics Joan Martinez Alier Extraenvironmentalist The vast uncertainty surrounding the possible spread of COVID-19 and the duration of the near-economic standstill required to combat it make forecasting little different from guessing. Clearly, this is a “whatever-it-takes” moment for large-scale, outside-the-box fiscal and monetary policies. 2020 Level: zaawansowane This Time Truly Is Different | by Carmen M. Reinhart Carmen M. Reinhart Project Syndicate Banking 101 is a series of 6 short videos that ask the following questions: How do banks work and how is money created? Is reveals common misunderstandings of money creation and the role of banks. Furthermore, the videos show how models taught in many introductory classes to economics (Econ 101) do not reflect those processes: Part 1) “Misconceptions around Banking” questions common comprehensions of how banks work (savings = investments). Part 2) “What's wrong with the money multiplier” states that the model of the money multiplies is inaccurate. Part 3) “How is money really made by banks” explains the process of money creation, loans and inter-bank settlement. Part 4) “How much money banks create?” asks what limits the money creation by banks and presents the difference between reserve ratio, liquidity ration, equity and refers to the inter-bank market. Part 5) Explores the question if banks create money or just credit and especially refers to credit risks. Part 6) Explains how money gets destroyed when loans are paid back. Note: The videos refer to the UK monetary and banking system, some explanations don't apply to other banking systems, e.g. the reserve ratio. 2012 Level: początkujący How is money really made by banks? - Banking 101 (Part 3 of 6)   Positive Money Although money plays a key role in our lives, the workings of our monetary system are a mystery to most of us. ‘The Waterworks of Money’ by cartographer Carlijn Kingma is an attempt to demystify the world of big finance. It visualizes the flow of money through our society, its hidden power made manifest. If you see money as water, our monetary system is the irrigation system that waters the economy. The better the flow, the more prosperous society will be. Just as water makes crops thrive, so money sets the economy in motion. Or at least that’s the idea. In reality, inequality is growing in many countries and people are dealing with a ‘cost of living crisis’. Meanwhile, the progress with making our economies sustainable is stalling, and financial instability remains an ongoing threat. These problems cannot be seen in isolation from the architecture of our money system. If we truly want to tackle them, we will have to address the design flaws of our current money system. For more info check: https://www.waterworksofmoney.com or https://www.carlijnkingma.com For the Dutch version of the animation check: https://www.ftm.nl/waterwerk Current exhibitions: 'The Future of Money' at Kunstmuseum Den Haag, 14 April, 2023 - 8 September 2023. 'Plumbing The System' at the Dutch Pavilion of the Venice Biennale, 20 May 2023 - 26 November 2023 The second animation video of this series will be released in September 2023. The Waterworks of Money is a collaboration of cartographer Carlijn Kingma, investigative financial journalist Thomas Bollen, and professor New Finance Martijn van der Linden. Kingma spent 2300 drawing hours, based on in-depth research and interviews with more than 100 experts –ranging from central bank governors and board members of pension funds and banks to politicians and monetary activists. The structure of our monetary system is not a natural phenomenon. We can choose to change its architecture. Designing the money system– and the laws and institutions that govern it–is ultimately a democratic task, and not a commercial or technocratic one. In practice, however, there is a major obstacle impeding the democratic process: financial illiteracy. By making finance and money needlessly complex, economists, bankers and tax specialists have turned most of us into ‘financial illiterates’. Everyone who doesn’t speak their financial jargon is excluded from the democratic debate on how our monetary system should work. The Waterworks of Money bypasses the financial jargon. It is an attempt to boost systemic financial literacy. Only if ordinary citizens develop their own vocabulary to participate in the debate about their financial future, can they tell their politicians which kind of ‘financial irrigation system’ they want. Authors: Carlijn Kingma, Thomas Bollen, Martijn Jeroen van der Linden Animation: Tiepes, Christian Schinkel, Cathleen van den Akker Narrator: Loveday Smith Translation: Erica Moore Voice recording: Huub Krom Music and sound: Rob Peters Photography: Studio OPPA Partners: Follow the Money, De Haagse Hogeschool, Stimuleringsfonds Creatieve Industrie, Brave New Works, Rabobank, Kunstmuseum Den Haag, Rijksmuseum Twenthe 2023 Level: początkujący The Waterworks of Money   Carlijn Kingma

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Ten projekt został stworzony przez Sieć na rzecz Pluralistycznej Ekonomii (Netzwerk Plurale Ökonomik e.V.).  Jest on zaangażowany w różnorodność i niezależność i jest zależny od darowizn od ludzi takich jak Ty. Regularne lub jednorazowe datki będą bardzo mile widziane.

 

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