Mod-01 Lec-01 The Socio-Economic Role of Scarcity and Uncertainty

History of Economic Theory by Dr. Shivakumar, Department of Humanities and Social Sciences IIT Madras, For more details on NPTEL visit nptel.iitm.ac.in

[@coolsanta3121]

Finally, a series that deals with the origin of the economics through the ages. great Stuff! truly commendable.

[@pabloemiliorui2281]

So glad to see so many women in the class, next generation of great economists

[@manojn6645]

This was so interesting...I din't realise that I have spent 1 hour in the lecture..such a fantastic faculty..

[@goldenlion2439]

Finally , Great lecture that explains the economic thoughts

[@dumyjobby]

cheers from romania to Dr. Shivakumar. grate lesson, very interesting and well explained. also thank you for putting it on the internet so the world can see it and learn a few things

[@airtel1730]

Dumy Jobby : Are u aspirant of U.P.S.C

[@Saurabhkumar-gx2wu]

​@@airtel1730 🤣🤣🤣🤣

[@nthperson]

On the matter of scarcity, an important issue is whether scarcity is a characteristic of nature or is an outcome of political organization. The creation of property rights to nature is a creation of positive law, a state of affairs many have argued violates the most fundamental moral law; namely, the right of equal access to what nature provides. This issue was recognized by the early moral philosophers who studied and wrote on political economy. The issue is presented and argued in the writings of Richard Cantillon, Anne Robert Jacques Turgot and Adam Smith. The morality of private appropriation of the rent of land was thoroughly challenged by Herbert Spencer in the first edition of his book "Social Statics" and by the Scot, Patrick Edward Dove in "The Theory of Human Progression." In 1879, the American political economist Henry George brought the analysis to its highest level of analysis in his book, "Progress and Poverty." George provided the evidence that scarcity is caused by monopoly of land and the private appropriation of rents from its many sources.

[@AR-yi4qn]

omg I love him. this is just what I've been looking for. thank you for uploading this!

[@narendradani9833]

Wonderful pedagogy Dr Shiv Kumar Sir.

[@dosomething3]

Great stuff!!

[@parthibankumar822]

Love you sir extremely entertaining informative

[@subhanjanroy3441]

Such an amazingly interesting session .

[@mosaddequemamoon858]

I am just loving the Professor. 😁

[@miskeenwab260]

What a lecture I like it very informative

[@iit]

NPTEL Online Certification available in this course! Study, write an exam and get a certificate from the IITs! Check nptel.ac.in/noc

[@nikkiwhite5148]

Is there a syllabus of the books and readings assigned for the class available online?

[@jittythomas3130]

Marvellous!

[@eerilyfunnyvideos]

what are the history books he recommended. can anyone tell me?

[@penssuck6453]

Amazing lecture. Is there a book that covers this material?

[@abdikadirsahil2098]

Is there module 2? If it's tell me where i can get.

[@RAMANKHANDELWAL-]

plz share which books to read for this subject?

[@saumyaverma6832]

This is one hell of a lecture

[@sudmry26]

Forest people - Book 1) Scarcity 2) Uncertainity Hunters and Gatherers Pastoral Agrarian Common feature - movement along with the source. - uncertainity for food, shelter 32:00 At the pastoral stage, the first asset comes into existence - the cattle. 26:14 a large part of human activities try to deal with uncertainity Organisation by nature -> Organisation by Human

[@Ab16161]

Can you explain to me the last point again, thank you for putting this out?

[@al-hilal-shk]

Own control and use

[@thakurbhakt6663]

In which yagna do u find offering flesh of cows 😏..... Don't do this plz....,🙏🙏🙏🙏

[@Indiran2025]

If you are ignorant of the past Brahmin practices, can't help!