Came for the mustache, stayed for the capital theory.
@robertanderson95095 жыл бұрын
I don't know how there isn't 1.3k likes on this comment
@captaincoalpile17555 жыл бұрын
Came for the theory, stayed for the stache
@errorcode993 жыл бұрын
came for the stache, stayed for the cake
@FourOf92000 Жыл бұрын
came for the stache, stayed for the stache
@FilosSofo5 жыл бұрын
"Animal spirits is bad ju-ju"
@Solideh5 жыл бұрын
I'm on my winter break from college, in Brazil, and Mises U just makes me so sad thinking about the bummers i'm gonna have to listen to again in august
@marcoantoniodamasceno27455 жыл бұрын
Vc é de que lugar do Brasil?
@Solideh5 жыл бұрын
@@marcoantoniodamasceno2745 BH
@marcoantoniodamasceno27455 жыл бұрын
@@Solideh tb
@marcoantoniodamasceno27455 жыл бұрын
@@Solideh vc estuda onde?
@Solideh5 жыл бұрын
@@marcoantoniodamasceno2745 Ibmec, é a melhor opção mas teoria austríaca só em HPE mesmo rs
@danielday94885 жыл бұрын
Sounds like I really need to try this recipe for flourless chocolate cake.
@atb86603 жыл бұрын
This guy needs to market a line of flourless chocolate cake, it’s all I can think about now.
@markoduvnjak31114 жыл бұрын
I must correct the begining of the talk : "this is how much MisesInstitute is important for civillization and every one of human beings living now and coming into life in future" . Thank you sir ... -|- P.S. edit: fixed some syntax .
@fabriziofer19945 жыл бұрын
Awesome! I was wondering a couple of questions:(1) The distinction between original means of production (i.e., land and labour) and capital as a "derived" means of production is contained in Hayek's "Prices and Production", and that is the first time I encountered such a distinction. However, is that distinction something Menger had already stated earlier, or did Hayek derive it from Menger's theory of orders of goods?(2) Is this distinction between original means of production (i.e., land and labour) and capital present in pre-Austrian classical economist too, or is it something Menger and Hayek came up to autonomously? Moreover, do modern Neoclassical economist accept such a conceptual framework, or do they think of capital differently?Funny thing is that I am an economic student, and we were never taught anything of that: present days economists prefer to spend hours devising complex systems of non-linear differential equations rather than understanding what those equations should actually signify...
@nvonliph5 жыл бұрын
I don't have answers, but I love good questions.
@andysondur4 жыл бұрын
It’s a question of fact. I am not too worried who said it first, but perhaps it’s Menger. Hayek added colour to capital structure in terms of adding a time element (inter-temporal production) and explaining roundaboutness better (than Bom Bawerk).
@JuraciVieiraNeto5 жыл бұрын
Amazing lecture.
@Castle31795 жыл бұрын
Nice stache.😎
@lowersaxon4 жыл бұрын
Capital theory like any other branch of economics presented just in words can hardly be accepted as „theory“. Therefore Austrian Theory will remain just a sect.
@KevinKamto6 ай бұрын
applied practice of this theory works
@jpbochi4 жыл бұрын
the Mises Institute provides lectures on all sorts of topics. From banking to baking.
@hughw105 жыл бұрын
Recipe the speaker is referring is behind a paywall, but here ya go anyway.... www.cooksillustrated.com/recipes/852-the-ultimate-flourless-chocolate-cake
@AustrianEconomist4 жыл бұрын
hughw10 thank you! Was looking for it :)
@hughw104 жыл бұрын
@@AustrianEconomist , one NOT behind a paywall. Many are out there. sallysbakingaddiction.com/flourless-chocolate-cake-recipe/ I had forgotten about these lectures and, most surprising, i forgot about his mustache... Cheers!!
@ThorkilKowalski3 жыл бұрын
Was looking for this :)
@MartyJFry3 жыл бұрын
I love the intensity and passion when he talks about cakes
@DiegoRivera-qp8pe5 жыл бұрын
I share this with my friends to help them get a better understanding. Professor Ritenour is fantastic.
@rodrigohernandezmijares99765 жыл бұрын
Grrrrreat and now I'm a fan!
@markusepp46623 жыл бұрын
Almost one hour just to learn "a microwave is not an egg" and "Keynesian theory is ju-ju". Thank you Sherlock. Where's the theory? Nobody disagrees with these simple principles...
@newthirx4311 Жыл бұрын
you'd be surprised with how many people think of capital as a homogeneous entity that can be factored in an equation. Heck, talk to any guy that thinks that they can plan an economy, and they'll tell you "if you have the capital and labor you can make x, or y" and so on...
@neeltheother23424 жыл бұрын
Of all the times I've listened to or have read Shawn, I didn't know he had such a dapper stache.
@01Tanthallas5 жыл бұрын
Great video on how to make chocolate cake
@gigiduru1255 жыл бұрын
This is all nice, but what about credit? Banks have existed for thousands of years in some form and now our whole monetary system is based on credit. People don't really need to save money, and the money is mostly in stocks and bonds anyway, you can just sell some stocks of an established company and invest in a hot new startup or something. To me it seems this makes this theory kinda deprecated. If you need money just print it, has been working for the last 50 years.
@rafters355 жыл бұрын
if you need money just print it.......hmmmm
@nvonliph5 жыл бұрын
you are correct that financial institutions providing credit have been around for quite a long time. How long has fiat banking been predominant? In the scheme of things? And if faced with results like the economic bubble burst in 2007/8 (or other examples around the world), how well can you say it has been working these last 50 years?
@TheJpwzrd5 жыл бұрын
Fiat currency is the strawman in your remark
@randomdude30664 жыл бұрын
Why isn't it working in Zimbabwe or Venezuela? Why didn't it work in Argentina?