2. What is a Poverty Trap?

[@JustinHunterTCM]

Lecture starts at 6:04

[@BetaBuxDelux]

Thanks you

[@uppercutgrandma4425]

Thanks

[@t1m3l0rd]

You are a great person

[@spectrewashere]

Thanks!

[@RohitSrivastava-f7h]

Thanks

[@deanchur]

This lecture summed up: "Supply and demand is in effect in any instance where there is a finite amount of supply, and that has consequences that affect output down the line. Too little initial supply can result in a situation where you merely have subsistence and growth is unachieved, which makes escaping said loop effectively improbable".

[@anyabureau9894]

Thanks! Intelligence is the ability to make a point simply and briefly.

[@ghadahammad4784]

congratulations for Nobel winner Esther Duflo

[@je-freenorman7787]

Scam Artist!! Money has NO VALUE Its just paper with a cult leaders face on it Its a Religious belief

[@je-freenorman7787]

Con-grats LOSER

[@karakondzula1388]

Nobel prize is worthless at this point really.

[@jacksquadreturns7827]

@@karakondzula1388 Ok then go ahead and try winning it. If its so worthless someone worthless as you should be able to get it right?

[@magicfairycome]

it blows my mind that we live in an age where you can listen to a 1-12 hour lecture on any topic in the world for free, yet we are getting stupider (at least in america)

[@laurakelly631]

The people who are getting more stupid, are not listening to the right videos. They are preferring sexy conspiracy junk. Having access to information doesn't mean one will know how to select the information that is worth taking in.

[@avef]

*more stupid

[@gran-roan]

Unfortunately, the majority of these kind of classes are now behind heavy paywalls, and no longer receiving focus. This video is a window to an different era.

[@DeepSukhwani]

Everywhere not just in America

[@mansnothom3778]

Tbf, people (me as well) are getting sick of having to study after k12 and uni

[@yair8157]

We are lucky to live in the age of information, so we could listen to a brilliant Nobel prize winner for free. Also this students are so blessed that they could actually discuss and learn even more from her.

[@je-freenorman7787]

We were lukcy but, not anymore we are all fed a false narrative and programmed to think its normal Government is a scam operation

[@Q_QQ_Q]

@@je-freenorman7787 cia rules . nobel has to given when thing is finished but here they got the nobel just for the theory lol

[@pichirisu]

tbh i could give a fuck if someone is a prize winner of any sort, but if an individual's information is worthwhile, then that it what I am mostly impressed and influenced by. Putting people on a pedestal is exactly how we continue to make academia and important information inaccessible.

[@je-freenorman7787]

@@pichirisu Religion is the killer

[@EDGARQCO]

Age of INFORMATION OR DISINFORMATION?

[@dignifiedamerican8171]

Such a treat to be able to hear Esther Duflo lecture. 🌟

[@gabrielatinoco-arreola3211]

Starts at 6:10

[@rock3tcatU233]

Thanks a lot sis.

[@ashutoshrajput8859]

thank you !!

[@thebobbrom7176]

Thank you

[@jeremyshep7397]

Thanks 😊

[@altafkalam2716]

Imagine you had a husband-wife couple teaching you a subject one semester and seven years later you learn they've both won a Nobel

[@darbyheavey406]

Paul Krugman won a Nobel….don’t be too impressed. The IMF has created more poverty traps than most organizations.

[@celsiusfahrenheit1176]

Poverty is the natural state of mankind. Wealth is built over time, just like knowledge, and the science of economics, specialization, opportunity cost, monetary system, and it is very important to delegate the violence to a state as a social contract, etc

[@saideepreddy9922]

World's best University providing content freely but till now only 84k people have watched this So we can understand how world is moving

[@lufa1272]

Yep

[@kennethyoung7564]

Better to just read their book. The lectures are just the cliff notes. lol.

[@iananderson8288]

Yes and most of the millions of college kids are there to obtain a degree, not become competent

[@je-freenorman7787]

Brainwashing and idiocy

[@je-freenorman7787]

The world is going backwards Religion and Government are a SCAM

[@khalidelgazzar]

I'm coming from the future & I wanna tell you that you are going to win the Nobel prize 2019 😄

[@NewWave-ds4vn]

It says you posted this a week ago.

[@khalidelgazzar]

@@NewWave-ds4vn Yes. I said I'm coming from the future!

[@pathikritsyam3687]

@@khalidelgazzar :|

[@leoperez2566]

@@khalidelgazzar 😲🤔😴

[@Men-er1ot]

Bro who will win next fifa

[@yb1522]

Who's here after the announcement of the 2019 Nobel prize in economics?

[@DipakBose-bq1vv]

I do, but still I cannot understand why these people got Nobel prize, doing what?

[@DipakBose-bq1vv]

I am here after they got the Nobel Prize to discover what they have done. So far, I can see only journalism.

[@reedhamkalariya6976]

Dipak Basu they are getting Nobel prize because they gave solutions to solve poverty trap, which is what she is teaching?

[@sayantanmaiti2513]

@array s and i will not expect a politician will ever use these theories

[@aruneshpandey2482]

I am

[@karlaecisneros]

I love her accent ^___^ ... and the class of course :)

[@mithukushagr2384]

She got a strong or as we say in French gravé.... French accent...

[@sushilamalviya4263]

It actually starts at 5:54

[@ShannonWare]

It is actually quite good. It gives clear mathematical reasoning (but not formulas) for explaining why poverty may happen to a segment of the population, because there is an economic zone where the income they earn today is less than the income they earned tomorrow.

[@Petaurista13]

Tomorrow is next day so it's not past simple. Either "income they earned yesterday" or "income they will earn tomorrow". My bet is on 1st option

[@paladain55]

"where the income they earn today is less than the income they earned tomorrow" I don't get it. Everybody's income will eventually go up. Did you mean to say yesterday?

[@JohnCr0w]

@@paladain55 i am probably dumb here but i think what's matters is worth of a money (what can you buy for it and how many) and not just income which is just a number.

[@stud000000079]

Love it, love the lecturer too. Congrats on the big prize. Shortly after they won it, I was at a Paratham event at TISS where Abhijeet spoke for an hour or so. Absolutely wonderful. I must say they lecture in sort of similar ways. Very relaxed and comfortable.

[@je-freenorman7787]

Such a sad way to think

[@stud000000079]

@@je-freenorman7787 You really ought to be nicer on the internet my friend. We're real people!

[@je-freenorman7787]

@@stud000000079 is the internet your friend, or does it belong to all of us? Are you sure you are a human? are you confused or offended?

[@stud000000079]

@@je-freenorman7787 pitiful

[@siddharthsudarshanpandey325]

@@stud000000079 He is liking his own comments, what do you expect.

[@tempvariable]

In 1:07:40 she describes that two feedback loop is not sufficient for poverty trap. Later on as a support, she states that if the double feedback loop gives a nice L shape eventually everybody will end up in the same place. Question: I don't thing the second sentence support the first sentence can anytbody explain am I missing something? -If the double feedback loop, doesn't create an L shape and -Not having L shape doesn't imply there 's no poverty trap curve. -Not having L shape doesn't nessasarly imply there's poverty trap curve, although it necessary. Therefore, the double feedback loop doesn't create an L shape curve doesn't state anything certain about existence of poverty trap.

[@lukaszednik7547]

- The "L shape" curve means there is no poverty trap, because it has only one stable point. The "S" shape curve which intersects the 45deg line in multiple points (and any other curve with multiple stable states) defines a poverty trap. - The double feedback loop is not sufficient to create a poverty trap. You can even get an "S shaped" curve, but if it's entirely above the 45deg line, it won't have a multiple stable states.

[@jclheriteau]

What I understood she said was that a "dirac" (sudden jump from 0 to another value and then flat) is an L shape if it happens at x=0 and is a "special" S if it happens later than X=0

[@lukaszednik7547]

@@jclheriteau What? No "dirac", but "double". Double feedback loop. If you have less education, you are getting less money (first feedback) and you won't have money for your kids education (second feedback). It's a concept which is also called vicious cycle. If you are at a state, which is causing something that will end up even worsening your initial situation, you can end up in a situation from which it is extremely hard to get (poverty trap). Btw, where did you get that x=0 from? There is no x and nothing is 0.

[@joycee5493]

This is the kind of expansive thinking that more students should be exposed to. They are young and not as worldly as they think they are. A little insight into the reality of the world may help them to make economic and political decisions in the future that might actually improve life for all.

[@lelandgill3631]

Couldn't agree more

[@skellymon1771]

51:19 I would love to this graph in relation to actual income, also broken down by geographical region. I think it would make for a great comparison cross culturally and I would love to see how this graph would vary between lower standard income regions and higher standard income regions. Would make for great insight into how opportunity affects income and vice versa. It's also interesting to bring up the proposition that you can only benefit from increased productivity from food after a certain threshold is met in excess of sustaining your physical burden, I came across an interesting point made by Jordan Peterson, that the maximum investment vs return in terms of the growth of civilization via innovation (this includes contribution to great problems like climate change, energy and agriculture) is sponsoring nutrition in developing infants and adolescents. This is because malnutrition in developing children is a negative predictor of intelligence and consequently, an increase in intelligence (also coupled with the fact that sponsoring nutrition alleviates a major burden of impoverishment) in the global population would inevitably lead to useful innovation. Imagine if, for a whole generation, every child (20 and younger) on the planet was fed a proper amount. It's also interesting how large a role nutrition actually plays in the overall development of a country, and how lack of early childhood nutrition plays a huge role in perpetuating generational poverty and stunting the technological growth of a civilization and once these needs are met, the explosion in technological advancement and innovation.

[@guisilva9815]

Why you take Jordan Peterson seriously?

[@skellymon1771]

@@guisilva9815 Is this a serious question?

[@aristideregnier4883]

haven't watched yet but does it comment on culture? Because culture is bigger than economics. The poor of India are not poor for the same reasons as the poor in America. The poor in America aren';t even poor for the same reasons other poor in America are, lol. I ask because there's this really dangerous and weird materialist, reductionist spin on poverty today - that usually ignores culture.

[@skellymon1771]

@@aristideregnier4883 It doesn't really address culture, I feel like these days it would be too inappropriate to address culture because of rampant political correctness and censorship. It's a shame though, I'd love to hear a lecture tackling such a topic.

[@spoileralert8440]

@@skellymon1771 I agree. Listening to Cardi B. and buying Lebron James' Nikes made by Islamic prisoners in Chinese concentration camps with welfare will leave you in the poverty loop.

[@keyaghosh3300]

Congrats Esther Duflo🌹🌹... from Kolkata/ India

[@sugardaddy9721]

So, to help understand how poor Pak Solhin is,.. I'm from Indonesia, so, in the rural area where farmers lives, you can live off the land. you can find wild plants to eat, like cassava's leaf, bamboo shoots, palm shoots, "kangkung" leaf, Fern leaf, wild snail/clams, fish. Pak Solhin is soo poor, he couldn't even afford a bowl of plain rice / salt and Pak Solhin case is quite common in the rural areas.

[@rusty_grove]

Thank you for your insights! I'm from an underdeveloped country as well, but this level of poverty is extreme. I thought Indonesia wasn't that poor. What's the role of the government in all this?

[@sugardaddy9721]

@@rusty_grove ever since we have Jokowi, we have what we call rural development funds, these funds are used to develop better infrastructure in the rural area. Government also give out lands to farmer to develop in rural areas.

[@rusty_grove]

@@sugardaddy9721 Glad to know the situation of these people is improving. Good luck!

[@mageshkumarr1463]

E

[@stainleykubrick7665]

@@rusty_grove it's not improving unfortunately due to the funds being stolen by the officials sometimes

[@subhasishbhattacharjee6316]

Congrats for the Noble Prize....❤

[@pastelab]

The minimum energy required to survive is around 1300 cal (varied by age and gender of course) and it is called the BMR (Basic Metabolic Rate)

[@sushilamalviya4263]

She has an adorable accent

[@GEAUXFRUGAL]

I appreciate MIT has placed coursework online but I have to say education is not the main factor. The absolute main factor is WHAT YOU DO WITH WHAT YOU HAVE. Sure an education probably will get you in a position to get a loan but that too can be a trap. Businessmen like to get a warm fuzzy feeling but honestly nothing is a guarantee there is plenty that can happen to cause a negative outcome. Education is great but to spend a lot of money on it is just not required anymore.

[@bhz8947]

"Guarantees" are not the issue; probabilities are the issue. And if you think a person has the same chance of success with an education as without, you need an education.

[@suindude8149]

The Keynesian she showed along with Dr. Abhijit Banerjee,a huge help to me at least not by being at office I find infitesimal growth in my Economical attributes.

[@pabitrajana5866]

Congratulations 🎉🎉 esther duflo and Abhijit bannerji for nobel prize 🏆🏆.

[@FedericoLancerin]

Around 27:23 I believe there is a mistake.. she is saying that if the cost of food increases, then the work capacity curve shifts down. I don't get why. The work capacity curve is barely a physiological curve dictated by one's biology. There is no way ot moving that curve up or down other than training to maybe be able to work more when in better shape. So the curve cannot move up or down for reasons other than biology. When prices go up, with the same income one can afford less food, and therefore will be on an earlier point in the X-axis compared to a situation where prices are lower and other conditions being the same. So I believe that cost of food only shrinks or expand that curve along the X-axis, but won't move the curve up or down. Reasoning with an extreme example, if cost of food goes to zero, then all the curve that we currently see in the example would be condensed on the 0 X value. And that still wouldn't move the curve up or down at all. In the same way, if food prices went to infinity, the curve would expand so much that we would never be able to move from the state of bare survival, no matter our income level. And the work capacity would still not move up or down, but it would be infinitely stretched to the right.

[@BobIV123]

9:23 It's kinda sad that I had to look at the date of the video to know which economic collapse they were talking about.

[@uppercutgrandma4425]

Every few years there is an economic collapse, then elections show up and they are discussed a few years after that. After a decade, those events will be placed on one year or event and not the leading factors.

[@jaredbissenden6230]

I click on a video and I'm already being asked to write ten essays. I found the trap...

[@jpees_ripomindie]

Baiklah Bu Esther, salam buat pak Soihin ...

[@edwardbrito3332]

Does she mention inflation & wage stagnation? Or how it’s worse in non-Western nations?

[@nmarbletoe8210]

does she?

[@dr.debajyotibose2928]

That sweet french accent !

[@zishanahmad6636]

Congratulations Mrs. Ester Duflo

[@autohrap5884]

We were born into poverty, poverty is not the problem. Providing the means to get out and the specific means be straight and narrow.

[@Jojolipopo]

Lecture begins at 5:58

[@fernandocortes1187]

34:20 relación between education AND income. Not un México. ¿Why?

[@venkatareddy2199]

Very clear explanation on each point of the subject

[@je-freenorman7787]

and wrong

[@delco2035]

@@je-freenorman7787 someone's in a cultural poverty trap

[@je-freenorman7787]

@@delco2035 Thanks for letting me know

[@hiddenfromhistory100]

Right, all these rich folks talking about poverty (material only, of course, for what else could we possibly live on but bread?)

[@lamboseeker238]

cows eat mainly grass. grass that grows in a pasture. cows are mostly protein. most food pricing is controlled by governments. in the US it is done through subsidies and taxation.

[@spoileralert8440]

Cows eat grass. Grass makes cows fart. Farts pollute the earth. There, I just summarized AOC's 5-page green new deal bill.

[@TheNolwa]

she is sooooo French haha

[@mithukushagr2384]

Gravé French accent...

[@yearnabikhan4409]

She is bengali wife. জয় বাংলা

[@I.M.A.Panther3619]

Much of this is about how much energy a person has at his/her command. Everyday. Any its never “free.” Someone needs to work for it. “Work” as in the physics definition of work. Maybe …. I dunno …. We are what we are.

[@villian-ps6278]

the ascent kept me engaged

[@ashishkumarsingh2348]

11:30 hey i am an Indian and as far as i know India consume very less meat compared to west and as far as beef is consered it's negligible as nearly 80 per cent population is hindu that do not consume beef

[@anutuyi3507]

She said their consumption of meat increased. Not that they are the highest consumers of meat

[@samtesh2900]

20% of 1 billion is 200 million people bro, it’s a matter of scale

[@timb7298]

sound is a little low on this lecture compared to many others. might have to switch to headphones.

[@---qu9uf]

Poverty trap? Coming from a 3rd world country here’s the cycle: (Poor background)Not a HS graduate > Starts having multiple babies > new parents applying for low income jobs (due to unfinished education) and to feed multiple babies > Kids grow and have no guidance and got preggy> then back to start 1.

[@xxxYouTunesxxx]

When you are in survival mode it's often a choice between two bad choices. Calling poverty a character flaw is just intellectually lazy

[@kenhiett5266]

Academics love them some housekeeping metaphor.

[@uppercutgrandma4425]

Yup, it's an emotional plea of relatability "you must clean your house, the world is your house".

[@DrMarioArturoRuizEstrada]

No comments... Poverty of knowledge... I believe...

[@ronaldlogan3525]

6 minutes of housekeeping then it starts with the subject

[@Liaomiao]

Interesting course, but I think the explanations could be a little clearer

[@tehflooper]

Liaomiao the accent could be a little clearer as well

[@moirakizito4828]

Waka

[@je-freenorman7787]

Not from the Brainwash Institute lol Government is a "SCAM" its nothing more than a Religious cult

[@ahadahsan1]

ya we need that Indian guy back, he can explain things easily

[@je-freenorman7787]

@@ahadahsan1 What Indian guy? Is he a Human? Where did he go?

[@eriksalas2999]

What other class she talk about in 3:54.

[@adityapandey3849]

The first lecture of the series

[@drdnj]

I think there is a very large overlap in this. Great study.

[@williamdavies2375]

Came to see Corey Feldman

[@gaurav7047]

Where can I find course material to understand the poverty trap S curve.

[@mitocw]

The course materials can be found on MIT OpenCourseWare at: ocw.mit.edu/14-73S11. Best wishes on your studies!

[@gaurav7047]

@@mitocw thank you, very helpful.

[@r.l.erdody7726]

Is that Corey Feldman????????

[@darianwilliams6018]

In response to the troubling anecdote of Pak Solhin explained through the typed information found at 14:15, I believe that a potential solution to his issues of not having enough food to create energy within himself to work full days either as a construction worker or a hired farmer could be to better utilize the potential of his family’s land. Although I recognize that he had 12 siblings at the time of the division of their family’s land, I believe that their land could have been used differently so that they could each have a home in as little as one building that could be multiple stories above or below ground-level if it is needed. If they use a smaller portion of their land for residential purposes, while they use another portion of their land to grow food on, their family could sell the excess space in their home(s) as rent to those without shelter, sell the excess food to those who are hungry, and use the excess land for whatever else they believe they need. With this opportunity, Pak Solhin could solve his issues of hunger, inability to work, as well as gain the opportunity to teach others through his own experiences.

[@AdrienBurg]

You forget social issues that make people not want to live together

[@darianwilliams6018]

@@AdrienBurg Social issues are universal in the sense that nobody is completely alone. Humans naturally have “issues” but when there are more than one of us, this issue becomes social.

[@necaro]

excellent class!

[@mcoehlrich]

Genuine question here, if food prices are rising, how is the farmer making less money to cut employment?

[@uppercutgrandma4425]

Farmers don't own their farms/crops. This is dictated by where/who/how/when they can sell.

[@elian958]

I see no sources, the only student that asked her if there was any truth in her gossip based theories, didnt get an answer. Prices increase due to many reasons, way more that the ones mentioned. That goes for both theories: the fertilizer theory and the food theory. No data at all, just her saying stuff.

[@mitocw]

See the readings for details: ocw.mit.edu/courses/economics/14-73-the-challenge-of-world-poverty-spring-2011/readings/. Best wishes on your studies!

[@elian958]

​@@mitocw The main reference is a book called ''Poor Economics'' and she is the author. I am gonna give it a try, although I am already very skeptical about her procedures and her ''anecdotal'' approach to conclusions.

[@mitocw]

@@elian958 You might want to check out her research papers. There are links to the data: economics.mit.edu/faculty/eduflo/papers

[@spoileralert8440]

Don't waste your time, this is just communist indoctrination. Basically, its just a bunch of nonsense strung together to confuse people and make them feel like victims until they start voting all of their rights away. Once completed, they will still be poor, but now the government is in control of everything. Isn't it great?

[@elian958]

@@spoileralert8440 I dont know about no indoctrination, but her method is highly untidy and questionable to say the least, and MIT is giving self referenced sources. I would like to see some peer reviews, etc. I dont know how an unprovable anecdote can be considered solid evidence, let alone base a whole theory on it. In any case, I am reading her book and checking out MITs sources to ''the data''> not impressed at all. I am still reading tho, its a lot of stuff. They dont mention any authors that contradict what she says, and there are plenty, this is to me the contrary of negativism. Dont get me wrong, I think that targeting resources to the poorest of the poor is waaaaaay better than UBI or unemployment relief. Having said this, the Austrian School of Economics would mostly disagree with her conclusions, I think. And those dudes produced Nobel prize ecomists as well. I am highly skeptical about the whole class and her teachings, for sure. They ignore many many facts about a free economy and liberal thinking I.E the fact that poverty is man's natural state or that poverty is relative to inequality, etc.

[@PetukTraveller]

what’s the summary, sorry coming from shorts era

[@YTSparty]

Volume low. French accent thick... Thank god for English subtitles. Reminds me of the tour at the Palace at Versailles "in English".

[@atomic.rabbit]

Very helpful comment, my friend

[@Broughtvulture]

1:00:57 - She is tying her shoes, when there's 20 minutes remaining of class. I find it kind of funny

[@GEAUXFRUGAL]

You are correct I have done my suffering being HL but I didn't have the information as I do today. I was too afraid then to dumpster dive or try to live off the land. I have no intention of doing all of it I will try some things. For instance I wish to have a room that can survive a tornado and I would like to see if I could live off grid in this structure. I have no desire to suffer anymore than I already have in life. When I was 19 I was 145 at this height never again.

[@GEAUXFRUGAL]

I am posting a video with a link to this HOMELESS article can aid with poverty in America this is a very candid article written by somebody that has been homeless for extended periods. Craigslist Joe is a movie worth watching this man took a leap of faith and traveled by craigslist postings. It can happen I have hichhiked as a youth it can be done there is danger in this but again nothing is a guarantee.

[@f150bc]

living in a area with a lack of access to resources,that is taxed and lacks a high level of education.No property rights or free enterprise .The wealth is not left in the hands of the people,nor is it used to help the people.

[@dhimanroy1671]

Congratulations Nobel Laureate!

[@morbidcorpse5954]

Poverty Trap: 1. Preordering EA Games such as Battlefield 2042 2. Gentlemen's clubs that charge more than $200 at the front door. 3. Preordering Call of Duty Vanguard

[@chupachups901]

Poverty Trap: EA lures you to buy games, then makes you realize you need DLC and microtransaction to get full gaming experience.

[@je-freenorman7787]

Money has NO VALUE Its just paper with a cult leaders face on it Its a Religious belief

[@benforshizzle]

@@je-freenorman7787 You sound like a libertarian haha. I agree it has no value, buy gold!

[@je-freenorman7787]

@@benforshizzle Are they like vegatarians? gold is just shiny metal Or Is as Or, is Gold. RIght?

[@benforshizzle]

@@je-freenorman7787 Gold is a shiny metal that never corrodes meaning you can store it for thousands of years. It is never destroyed and we have been collecting it for as long as we can remember. That means we have a large supply of gold and the supply of gold only increases at 1.5% every year. This inflation in the supply of gold is smaller than the inflation generally seen in paper money, which is why we have seen gold outperform paper money since the inception of fiat currencies.

[@OrthodoxDAO]

Let me guess: Planet Earth is a Poverty Trap. Did I get it?

[@dawndraper5513]

Congratulations to Esther Duflo Abhijit Banerjee and Michael Kremmer

[@studyforwbcswbp4260]

Congratulations for Nobel prize from Kolkata also ur husband

[@frankthetank3318]

wait this is not Corey Feldman i'm disappointed

[@Misuci]

Clearly money and wealth are un-linked from the production of goods. Wealth is coupled with the ability to control production inputs.

[@je-freenorman7787]

Money has No Value, They want greedy people in the ruling class Its just paper with a cult leaders face on it Its a Religious belief

[@uppercutgrandma4425]

@@je-freenorman7787 money having value is relative to the theory of trade. Your family has no value to me but, neither does mine to yours. Lol

[@stud000000079]

"Don't lose your calories to diarrhea and other nice things like that" Jeez 😂

[@ptathholroyd4128]

look at Briank Molko over here giving classes

[@LucasDanielSantoro]

21:21 Lol! 🤣 When she said ancient I was wondering if she would said 5000 b.c. Or 500 b.c.

[@castlechris]

This had all the impact of someone taking an hour to explain that birds sit in trees

[@WiseFool888]

The second question of is it plausible that having a starving worker cant function for a full days work. Goes to show the gilded cage some people live in.

[@stevem815]

Its just a bad teaching style, the student didn't understand that she was making a point about a general principle, he thought she was extrapolating from a specific guy in rural Indonesia. In the student's understanding its a reasonable question as he sees that she's presenting data, while she knows that she's just illustrating an idea. A good teacher would have given a quick outline of the principle first to focus the student's minds. She didn't see the conceptual gap when she answered either and simply continued the explanation, comfortable in her understanding of what she was doing. To the student it must have seemed like a confusing avoidance of his question. Good teachers see their lesson occurring from the student's point of view. It's a difficult skill and takes years of practice.

[@WiseFool888]

I just started university and there are just ignorant peers. I understood the lecturer fine. Its about world and cultural experience. The questioner has no experience outside first world capitalism so his question was a normal question for people who live in gilded cages. Also the lecturer won a nobel prize...

[@stevem815]

@@WiseFool888 The purpose of the anecdote wasn't made clear. If you happened to guess the purpose correctly then you were lucky, the questioner simply guessed in a different direction. To him it seemed important to know whether that particular indonesian farmer was really not able to get enough food to work, because it seemed like that fact would be axiomatic for the rest of lecture. In reality it made no difference what that particular indonesian guy's situation was or if he even exists, it only matters that such a thing is practically possible. If you are simply on the other side, saying that we should believe this starving indonesian then you would have missed the point just as completely as the student asking the question. But that would be the fault of the teacher, even with her nobel.

[@spirit469]

5:59 Lecture start

[@debabhishek]

congrats. Esther

[@privateconfidential7056]

a debt that can forever never be paid , interest rate always rise up on a regular basis. BRI is one of the smart tactics to use . princple loan amount in 100 billions , trap is set.

[@morrirowan7384]

So? calories of grain are terrible for your health, calories of meat has many essential nutrients, it's not the same.

[@lamboseeker238]

36:09 the returns from education are exponential. that's only true if you are actively engaged in learning. We have tons of useless graduates here in the US.

[@BlackendSheep]

This is very interesting. I have been so "poor" (in U.S. standards), that I can't jog to relieve stress because I can not afford the food it would take to sustain jogging.

[@811MainPage]

@@MrinalTomar-fv4we Ever heard of free wi-fi

[@subhamyadav9808]

@@811MainPage right vai

[@samtesh2900]

You can’t afford food but you have an internet connection, a machine capable of running KZbin, electricity, and free time to post comments….. get your priorities straight my dude

[@emopenguinsluv]

@@samtesh2900unlimited information for a set cost of like maybe 100$ depending on what phone. vs cost of weekly groceries.. that cost does not stop for up to 50-100 years . you are nitpicking someone who is poor get a life

[@je-freenorman7787]

USA is a Satanic Cult Your government is scamming you with Religion

[@doralgranger6744]

this is funny, just in passing through, when you take away person's right of enjoyment they actually start to show more signs of regression by the lack of activity they can attain in everyday situations, and contributing factors include just lack of education in social atmospheres including ; lack of ability to respond in negative situation's which is a modal of mental disorder

[@havadd]

been in one for 14 years

[@farhaanali5129]

This is gold

[@guidodelgiudice5]

If you don't pay attention you would think they speak French. That is the purest French accent speaking perfect English I have ever heard....

[@RickarooCarew]

question... ??? why do you assume that everything we need to live belongs to someone else? that is the poverty trap

[@RickarooCarew]

you spoke of Indonesia.... a country rich in natural resources... but.. just like the US... and Europe, Asia and Africa.. South America... those resources are controlled by a small group of people... pretty much the same people.... the traps ... like misinformation... and the control of the most valuable resource of all... accurate information... belong to the oligarchs... that's what it is... maybe we should talk about... taxes taken by force... to pay for war we don't need or want.... the poor will always be with us... as sure as death and taxes maybe we could consider... that... in fact... it doesn't have to be like that at all??? maybe 🤔

[@uppercutgrandma4425]

@@RickarooCarew no, it does some folks just make different choices within the same household, let alone the world. Utopia is not meant for man, and the man that has it will become a dictator.

[@caydeswording1167]

She explains good someone should tell her to apply for some Nobel prize

[@Geetha_USA]

Sound quality could be improved

[@kforest2745]

The poverty trap is passive technologies can’t believe you say computers are important to education when these are completely the opposite there’s nothing assertive about it. You suggest holing kids to a screen is better than practical outdoor experience. These aren’t pets they’re life itself and life is an outdoor thing that isn’t learning how to provide for itself. You want to talk poverty than you ought to be asking yourself why you don’t feed yourself unlike all other animals and how you’re further and further trapped in the direction you and your species are and keep buying into it. Yeah quite the set up.

[@masterpopeyoda3290]

New car and women there just saved you an hour and a half.

[@BeatsByGamer86]

Thanks 😂

[@ankurhalke139]

I don't know how many times I started this video . But I can't finish this video . Because of language barrier her accents. And audio quality is not so good .I can't hear properly .

[@mer16ccnt]

I don't understand why she says that with the L shape there is no poverty trap if after all it is a steady equilibrium beyond which growth does not happen?

[@michaelnnaji5974]

The L shape is as a result complements, where more consumption of a good won't make you better off as the optimal units are fixed.(fertilizer with precise water and temperature requirements)

[@andreamurciano3614]

I understand the concept that was being mentioned about eating, calories, leading to how much work you can do. I wonder how this graph would look like in the US. In the US with food deserts and fast food readily available. There are high calories, but not enough healthy calories leading to diseases such as diabetes, heart problems, etc. In this case, more less healthy calories does not lead to more productivity and growth.

[@xxxYouTunesxxx]

You're hot

[@MrJamesdryable]

@@xxxYouTunesxxx That photo looks 20 years old

[@jsj31313jj]

Corey?

[@somnathdas2567]

Congratulations...for Nobel

[@tyqwe45qe]

By the amount of times she calls it "this funny shape", i conclude she might actually find the shape very funny.

[@AdrienBurg]

This is a nice mathematical model, but I do not see how it could be possible to draw the revenue dynamics line empirically. Ok you might make the average of many datapoints (each datapoint would be for instance, how much one person earns based on its previous revenue) but I assume the distribution of the points is so broad the result cannot provide valuable insights. There would have to be so many different curves, one for each specific case. The more you aggregate the cases to obtain useful metrics, the least it becomes relevant, as variability would be so high.

[@AdrienBurg]

To me key takeaways are: 1. if your income today is not sufficient to secure the conditions to get the same income later, you will get poorer, this is a poverty trap. 2. you should check this statement does not verify for you at different time scales (day, year, generations).

[@grant9047]

why do all the professors have such thick accents? like are their no American professors that speak clear English?

[@statistics2143]

One of the best colleges in the world, brings the best profs in the world, this one like many others is a Nobel prize winner.