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Principles of economics, translated

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"Mankiw's 10 principles of economics, translated for the uninitiated", by Yoram Bauman, http://www.standupeconomist.co... '>http://www.standupeconomist.co... . Presented at the AAAS humor session, February 16, 2007. For the record, the talk contains two unattributed quotes ("9 out of 5" is adapted from a line attributed to Paul Samuelson---although apparently he said it about Wall Street indices, not macroeconomists---and "wrong about things" is paraphrased from P.J. O'Rourke's Eat the Rich) and, of course, the Einstein "simple" quote is an intentional misquote. The talk is based on a published article in Annals of Improbable Research (see http://www.improb.com/airchive... ), which sponsored my talk and to which you should subscribe ( http://improb.com/subscribe/ ). In the paper you can see the "constructive example" of how trade can make everyone worse off (or you can just wait 50 years to see what happens with climate change). More info and other clips on my website ( http://www.standupeconomist.co... '>http://www.standupeconomist.co... ), and please sign up for my email list. (No spam I promise.)

Channel: Comedy
Uploaded: November 30, 1999 at 12:00 am
Author: yorambauman

Length: 05:20
Rating: 4.79
Views: 493945

Tags: AAAS  AIR  Bauman  Economics  economist  Mankiw  Mankiw's  of  Principles  stand-up  translated  Yoram  

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Video Comments

dcspc (November 30, 1999 at 12:00 am)
i don't really get the snicker bar thingy
buttonsputon (November 30, 1999 at 12:00 am)
VOTE HEMP vote for economy with all of it's commodities!
Xharveen513X (November 30, 1999 at 12:00 am)
arse
spikesmth (November 30, 1999 at 12:00 am)
Awesome... when I'm taking my econ exams I always think of it that way... It's the only way I can connect the theories we learn to why the world doesn't look anything like the theories.
tangshanjige (November 30, 1999 at 12:00 am)
the man in the vedio is the most stupid man in the world
crueltyinc (November 30, 1999 at 12:00 am)
"tenure track"
darkstar1one (November 30, 1999 at 12:00 am)
What does he say: "that kind of sloppy thinking will never get you a [something] position"?
bimmjim (November 30, 1999 at 12:00 am)
Fire all the employed economists and give their jobs to the unemployed economists.This economic model cannot continue to function therefore we must do such things as redifine GDP. Replace the concept of externalities with the idea of natural capital. Tax money made by speculation higher and higher to reduce speculation.Eliminate short selling on the futures markets.(Or explane to me how it is not just gambling)Or in other words just remake the model so that it fits reality.
NeonKnight88 (November 30, 1999 at 12:00 am)
inflation is the increase in the money supply period.Price/wage levels cannot increase in the longterm without an increase in the money supply no matter what "expectations" are except with a decrease in the amount of goods relative to the money supply or an increase in the money supply relative to the amount of goods. Otherwise there will be liquidity problems.
LadyNemesis2007 (November 30, 1999 at 12:00 am)
LMAO
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