Decode Economics

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@PhilUKNet 2 ай бұрын

Brilliant. I wanted to watch some videos about why Marxism doesn’t work. This was by far the best, even compared to the likes of Jordan Peterson.

@-ry6sk 3 ай бұрын

Get all 3 lol.. A lot of the courses overlap. Can be done in 5.5 years easily.

@polivkamikulas6401 3 ай бұрын

I mean, you say you read many crucial marxist books, yet you make the same arguements as all the people on the internet who never actually read anything and just take liberal propaganda at face value. Either you are not well enough educated on the subject, or you did nt understand most of what waswritten in those books.

@arnurabrayev 4 ай бұрын

Even though I decided a couple month ago which degree should i get, this video was very helpful. Thank you very much 🦅

@samuelnewberry4567 5 ай бұрын

Humans can't take responsibility for their actions. The first man Adam: "The Woman you gave me gave me the fruit and I ate it. Adam blames Eve and God for his sin

@goblinsquadtv4216 5 ай бұрын

this is econ 101 surface level analysis, there are very valid critiques of socialism and marxism but you are just regurgitating Cold War era talking points and it's clear you don't really understand marxism nor capitalism or "human nature" for that matter lol.

@CrzyHays 5 ай бұрын

Marxism is a scientific study of capitalism, idk how you can claim that doesnt work lmfao.

@iamamaverick9176 24 күн бұрын

Can you prove that it DOES work?

@BLAZINGSTR8DANK420 5 ай бұрын

If I have my Economics associates degree may I apply for economic jobs? No one will hire me in Finance with my bachelor degree being Finance. It's horrible now they reject me the same day it's disrespectful and waste of my time to go to university to be unemployed so long after graduation. I been looking for entry level jobs a 1 year and a half before I graduated.

@krazmazov3043 5 ай бұрын

Lack of democracy and innovation under socialist regimes is just false. Few historians take this view seriously. How much history did you really read?

@stino9635 6 ай бұрын

Economic stagnation is a dumb argument as much of the innovation comes from the public sector the earliest blue prints of a touch screen phone came from government specially the cia or what about NASA. When it comes to capitalism there is a tendency to innovate only where there is profit motive, build a machine that increase production but when it comes to new areas such as experimental technology such as space travel it’s too expensive to be profitable for the mass population it stagnates only though the state stepping in a providing government contracts does it become profitable and innovative.

@stino9635 6 ай бұрын

The dictatorship of the proletariat is a democracy. He said so in civil war in France. Marx is pointing out that under democracy it is not really democracy in the traditional sense in which everyone has a say in the state, Marx points out that under capitalism the capitalists class has a much bigger say then that of the working class or as Lenin said in state and revolution “ Democracy in capitalism is the same as democracy in ancient society, a democracy for slaveholders”. Your commits about the state withering away ignores the historical reality of 1917. As soon as the Bolsheviks seized state control they were invaded by the allied powers (the United States, Britain and France) as well as the proto-fascist white guards. If they done always with the state it would have failed right away and not in the military coup like in 1991.

@stino9635 6 ай бұрын

It wasn’t Hegel that said “thesis, antithesis, synthesis” that was another German philosopher. Never in Hegels work did he ever say that.

@alithelin1234 7 ай бұрын

Seems to be working in China. Bourgeiose intellectuals btfo to the peasant dictatorship

@joshuahiatt8742 9 ай бұрын

Thanks this was helpful

@faylinn333 10 ай бұрын

side note : your eyes are so pretty

@omarmalik5619 10 ай бұрын

Thanks for the advice

@sejda3217 10 ай бұрын

What about finance+accounting degree. What are the jobs that I can make? Is it worth it?

@ismaelpena8860 11 ай бұрын

So this is my question, what about someone who's main goal is to become an entrepreneur like me. My main goal has always been to have my own business and work for myself. Which degree is better suited for that career path?

@Tamim-XxXx- 5 ай бұрын

go with finance or econ then take an accelerated course in business cuz its not difficut ... this way u can be more prepared

@kokwahtan8577 11 ай бұрын

ACCA & CFA. perfect combination.

@kimbinsoncrusoe1422 11 ай бұрын

영어공부중입니다

@ayejay4270 Жыл бұрын

I wanted to go for finance, but my school of choice doesn’t have a finance program, so I chose economics with a finance concentration. I’m not terrible at math, but it’s not really my strongest subject either. You think I’ll be OK? I’m still gonna take it either way. 😂

@ayejay4270 Жыл бұрын

My career goals are to either be a personal financial advisor, or an investment banker. I just need to make sure I’m in the right place for that.

@kellybella2353 Жыл бұрын

Thanks a lot I really learnt a lot

@keyybee Жыл бұрын

Wow Thank you great explanations

@ericcarson342 Жыл бұрын

Economics is excellent preparation for graduate school (if that is a goal). Econ majors have some of the highest LSAT scores, and some of the highest proportion of leadership positions. From a practical standpoint you won't get recruited like accounting or finance majors into accounting or banking firms but on the whole employers love this major. You can go into the public sector, NGO, MNC, private, academia (if you get a min masters). But study what you like. You definitely need more math than accounting and maybe about the same if not a little more than finance at the masters level. There are economists at banks but those are real economists (PHD's).

@BeatShana-lp4tx Жыл бұрын

Thanks for the concern but what of quantative economics

@TheLastOutlaw289 Жыл бұрын

Thanks mate. Accounting it is!

@seth7407 Жыл бұрын

You know this guy was doing pretty good for the first few minutes, but then he veered off to the right really quick. His arguments have the flaws of capitalism equals innovation, human nature, and Marxism equals totalitarian regimes. All of these arguments stem from anarchistic, trotskiest, and capitalist misinformation. And these points have been debunked

@stochasticdifferentialeq.1393 Жыл бұрын

Choose Economics if you want to pursue a career in academia, do research in public organizations and work as a data scientist for private or public sectors. Choose finance if you want to work as a stock broker, bond trader, and financial analyst but not working in the risk management position that is part of the finance that deals with advanced graduate level probability and other highly advance math subjects. Choose accounting if you simply want to be a bookkeeper 😅 be it of for an individual or run an office to handle many firms accounting book.

@cokezzz8249 Жыл бұрын

No one is a bookkeeper anymore… accountants pursue auditing, risk consulting, tax, or work for SMEs. Not to mention all finance entry level jobs accepts accounting majors lmao

@mathematicaleconomist4943 Жыл бұрын

@@cokezzz8249 What sounds harder to your ears? 1. Masters Degree in Accounting or 2. Masters Degree in Statistics?

@GENJA165 9 ай бұрын

@@cokezzz8249 But accounting in general is so boring ngl. I interned as a financial auditor and it basically is the same work everytime/everyday and it is just so boring.

@GENJA165 9 ай бұрын

@@mathematicaleconomist4943 Statistics is way harder. Although accounting requires some math skills, these are not really advanced.

@mathematicaleconomist4943 9 ай бұрын

@@GENJA165 Thanks for the answer. MUCH appreciated!

@KeithCasey973 Жыл бұрын

Well said. Brilliant incites and concrete info. Even some of the best descriptions of Marxism don’t really explain why it’s destined to fail, but you explained it well. Keep up the great work

@erikaleo5469 Жыл бұрын

uhhh wages haven't risen in accordance with labor output in some time, dude. what stats are you looking at?

@erikaleo5469 Жыл бұрын

you also use examples of communism not working on huge governmental levels in situations where many, many more factors led to the failure of those systems. people are only greedy when they are raised in a society dominated by a zero-sum mentality, by hyper-individualism, by Christian ideas like "only selfless giving is TRUE giving" as opposed to an assumed mutual oneness between people and their very environment, by a culture that encourages plundering and consumerism and possession and greed itself. and yes, the soviet union still had such a society when they formed.

@erikaleo5469 Жыл бұрын

also, what would drive "growth" is the needs of the people, not the constant accumulation of wealthy by a tiny percentage of the population. if people got together because they wanted to go to the moon, they could still do that? people wouldn't be desperate for more money because their needs would be better met. they would work out of the natural human desire to follow one's passions, to help one another.

@erikaleo5469 Жыл бұрын

if companies had no profit motive to further compete, their motive would become... that people would just stop using their product. it would be more democratic that way, no? steve jobs 100% did not do what he did SOLELY to make buckets of money. i really hope you've found something in your life that provides meaning on a level deeper than money.

@lpslancelot05 9 ай бұрын

@@erikaleo5469then why does the US out innovate all of the more Communist/socialist countries. Profit is not the only motive, but no one likes working for free.

@RMKK Жыл бұрын

and what about a Economics and Finance combo degree ??? i think its ideal ~~~ i hate accounting !!!

@nycto16 Жыл бұрын

SAME

@pranavpillai7778 Жыл бұрын

Just supplement a cluster of business or technical courses.

@amezing333 Жыл бұрын

Hey bro how is finance with economics?and what job will I get?

@amezing333 Жыл бұрын

Please reply

@nycto16 Жыл бұрын

amazing choice... you can go in investment banking, venture capital, private equity, financial analysis, data science, hedge funds, mutual funds etc.

@shamarbell6132 Жыл бұрын

Is it possible to learn all the 3 subjects including maths

@nycto16 Жыл бұрын

yess when you major in Business Administration you learn everything but still you have to select one or two things during your specialization.

@mathematicaleconomist4943 Жыл бұрын

@@nycto16 What sounds harder to your ears? 1. Certified Public Accountant or 2. Masters Degree in Statistics?

@nycto16 Жыл бұрын

@@mathematicaleconomist4943 I think 1..

@mathematicaleconomist4943 Жыл бұрын

@@nycto16 Thanks for your input!

@nycto16 Жыл бұрын

@@mathematicaleconomist4943 :)

@rwhooshbait6982 Жыл бұрын

If you spend 13 minutes a year on economics you’ve wasted 10 minutes - Peter Lynch

@theshow5972 11 ай бұрын

what the fck do u mean

@ananththiyagarajan Жыл бұрын

that was so nice man , great to understand the difference

@thanhtamtrannguyen3044 Жыл бұрын

Do you think it’s necessary to have a double major in econ and either finance/accounting/mathematics? Or econ major and a minor in one of those things?

@otiscapitalforex6058 Жыл бұрын

I;m trying to be in investments and PE. Which one is better between Finance and economics?

@nycto16 Жыл бұрын

Finance

@hsu1177 Жыл бұрын

Should i study banking and finance or finance alone? I just wanna make a good amount of money.

@nycto16 Жыл бұрын

double major is always good! I'm studying banking and finance, and for me its better than just finance since all the top high finance careers related content are taught in banking and finance program.

@RCColorado Жыл бұрын

This was 100% truth. We need need more of you

@marcusdavenport1590 Жыл бұрын

Great video! New subscriber

@alonzoperez2470 2 жыл бұрын

You could have shared sources, dude.

@tavihamilton3565 2 жыл бұрын

I liked the theoretical parts of economics but hated the graphs

@CvnDqnrU 2 жыл бұрын

It doesn't matter what you say, It's always "it's wasn't real socialism", "you don't understand marxism", "marx wasn't a marxist", "you need to educate yourself on marx"... etc.

@migueldecastro8149 2 жыл бұрын

What degree should i get if I want to get better in advance technical analysis in financial markets?

@ivantorres5041 11 ай бұрын

As a economist you have math and statistical skills for everything you want with data (shares, prices, returns, profits, cash flow, etc) But might you need finance to best understanding about working of money, capital, investments, stock markets and whole financial markets. You can combine both with 2 majors or master in finance if you're an economist first

@neal163 9 ай бұрын

@@ivantorres5041 good thing im doing economics and finance for my undergrad then.

@GENJA165 9 ай бұрын

econometrics