Understanding Economics: 1 - Asking the Four (Right) Questions

We survey a long list of economic problems, and identify four basic questions that a course in political economy must address: 1. Why is there poverty, amid progress? 2. Why are there Boom/Bust cycles? 3. Must society trade between efficiency and equity? 4. Must society trade between prosperity and environmental sustainability?

[@lukemccann]

RIP sir. If this series was the only thing you left behind it would have been a life well lived, but I'm sure you left behind much more. God Bless

[@iamhandk]

Always wanted to learn more about Henry George's ideas. Great video!

[@BooBooJonez]

Big gummint! Love it. Keepin' it colloquial...

[@First_Principals]

Economics = The allocation of scares resources that have alternative uses.

[@abcrane]

extremely well done video course, thank you very much!

[@caitanyaballabhadas7707]

Easy to absorb, great presenter. Thank you!

[@salamagoje2060]

@Chris Burton oh! And I'm just watching him for the first time. Condolences to his family 🙏

[@nthperson]

With the death of Lindy Davies, the world has lost a unique and talented educator. Thankfully, we have this course he was good enough to make available to us as video-recorded lectures. Henry George would be impressed. Edward J. Dodson, M.L.A. Director School of Cooperative Individualism www.cooperative-individualism.org

[@ThePaulfullTruth]

Great video! Liked the talking to the camera, but you lost my attention when you started reading from the paper. Suggest a less all-white back ground, be it tow or three dimesional. When you said, "This is what is in most people's minds," I thought, if you took the board a little out of focus, that would be more the case, because once your mind gets so cluttered with chaotic images, you just zone out and move on. I do think an inquisitive non-georgist with a little economics background (enough to appreciate the terms you put up) can watch this and get interested enough to want to see the next video. But I think you should start out by promising an attractive result for the viewer, like, "at the end of this brief series, I guarantee you will understand the basic principles of how every economy works - or doesn't work - and what can be done to overcome the pressing challenges we are facing today!" Great job! (found this through the RSF newsletter)

[@Macrocompassion]

These questions remind me of a political candidate's speech about keeping our noses to the grindstone with our backs against the wall and our eyes heavenward, leaving no stone unturned, whilst we pull our weight and tighten our belts.😎

[@moksha8525]

Hi great is it posible in Spanish???

[@paulwolinsky1538]

I thought taxing the wealthiest led to government making More jobs for the masses, not less. (tax rates on high incomes during the New Deal were very high, but provided for alphabet soup-programs for so many, and turned out to be life-saving). Henry George School in Philadelphia is largely concerned with taxation, not with poverty, good government or anything else. NB.

[@MrTrda]

How will Artificial Intelligence play a role in micro and macro economics?

[@Macrocompassion]

There is a fear that has always been present that with better machines (including the electronic kind of AI), that there will be less need for us to work and earn a living. Henry George deals with this question in "Progress and Poverty", (in his chapter "The Curse of the Machines"), but the simple answer is that with more time for education we should be better fitted to write the computer programmes needed to run the robots and to maintain them, as well as technically to properly specify and set new kind of jobs for work to be done. By these methods we will find that produced goods and services are of better quality whilst being less costly.

[@mousehead2000]

The housing market is being treated as a casino.

[@jrpzjrpz24]

Evolution=Economics Since the beginning of time of human race, the idea of Economics has Evolved for the worse.

[@User-he6zd]

What? How

[@jrpzjrpz24]

@@User-he6zd Back then there was no money, and life for example was much easier. But violence increased, and money was invented to control the world. violence is going to increase just as it was in the beginning. The Bible is right the Antichrist will control the entire world with a one world currency system and whoever does not have his mark on their right hand or their forehead, will not be able to buy or sell. Again, to be more specific you won't own anything or be able to have like a bank account,a house, pay bills and so forth. We live in a world of materialism, controlled by money. I know this leads to immorality of all types. Jesus Christ is the only way to overcome the Antichrist and not be condemned eternally, and therefore, reign forever with the king of kings and lord of lords, Jesus the Son of God. God bless you and your family.

[@jonathanhall5660]

So many comments by people with more opinions then seconds having watched the video. This is why justice is illusive. It frightens people.

[@b-rninecks1168]

Like you dont need to be 18 to learn this stuff even a 7 year old will get this Parents be like: it's too complicated because I forgot. Men be like: same

[@user-if5iv5xv6s]

The video is unecessarily long, the 4 key economic questions are , For Whom , With what , How and how much to produce XYZ.

[@ryanshaw761]

Why does poverty exist? Because it is mans natural state. Only his mind can bring him out of poverty, not his labor.

[@jojosip1917]

Well if you give man healthcare,education,shelter and freedom, i think people generally considers it above poverty almost always.

[@blacktee31]

I'm pretty sure poverty didn't always exist and there are some countries around the world somewhere without it. I'm not sure how true your statement is sir.

[@mysliwya]

@@jojosip1917 only those that cannot work should be given healthcare and shelter. Every able body should work for it.

[@mysliwya]

@btf when did it begin?

[@mousehead2000]

Wot?