What is capital? | GDP: Measuring national income | Macroeconomics | Khan Academy

[@davidlohmann5098]

The horizontal time axis of the chart at 6:28 is misleading because the increments are not constant. 1810 - 1770 = 40 years. 2010 - 1990 = 20 years. The units are plotted in such a way as to compress or stretch lines in different years. Also, plotting the capital as a proportion of national income could potentially give the impression that there is a constant amount of wealth (and thus we should find out how to distribute it) rather than wealth being created (and thus we should find out how to grow it). This plot does not show the change in wealth or income during this time period, but only the distribution. Also, it would be nice if he explained the source that this data came from. I imagine it might not be simple to estimate the national income and wealth and wealth breakdown from 200 years ago super accurately. Income inequality is rising and this is very important. But according to Wikipedia and other sources, Thomas Pikketty has participated in several socialist political campaigns. So it is important to understand the book in the context of Pikke's political activities, since some other economists do not always agree with this.

[@rasmusrosenrnjakobsen6725]

The purpose of the figure is to show the development of types of capital over the years, which the capital/output relationship does fine. I don't see why it would give the impression of a constant level of wealth, it shows that the value of total capital in relation to output have remained fairly constant.

[@Chilldude_101]

Low level econ is filled with inaccurate models, the basic demand supply model is based off perfect competition its just not accurate, unfortunately that is not talked enough about in class

[@magnanimoushi1086]

Thank Khan Academy for helping my study thank you!!!!!!!!!!!!!!!!!

[@YoungCine]

Why he knows everything? Is this legal !

[@GustavoSilva-ny8jc]

GOATED video, massively underrated

[@LeserDrac333]

1.5 speed. Your welcome.

[@_mandela]

?

[@_mandela]

no 1.25x speed

[@rockythepiratequeen]

I put it on 2x speed 😂😂

[@yip2454]

this speed is perfect for slow idiot learners like myself

[@sydneybourgoie5580]

Thank you

[@monicamotta1246]

Thankyou sir for your guidance and clearing my doubts.😊 Nicely explained with easy language and with example. Thankyou for making video on the capital topic.

[@lailadeiban2533]

Thank you!

[@melinatsilira7030]

im gonna pass my exam because of you

[@gamegeneration2509]

Where did the 196 finance/economics videos playlist go?? Sallllll what have u done to me?

[@zakboilen1619]

Awesome, thank you!!

[@fg786]

From this I see 1. That Capital is the separation of all the requirements that work needs to create stuff. As Capital owns stuff and work does not own anything, work is dependent upon capital. From this the question arises, how Capital got all this shit together? 2. Work depends on capital, but what purpose is there for capital to own this stuff? The return of capital. 3. If capital's goal is the return on capital, but the requirements for work to create stuff is essentially zero, capital is dependent on work, to create stuff with all the requirements capital owns. 4. What is listed as requirements in the video above, in itself is the product of work. So we have products of work which are owned by capital, which buys labor, in order to produce more. And somehow magically there is a return on capital. How does that work? How is that extra capital created, if everything in this picture essentially stems from work?

[@hflx]

Honestly I think this definition is simplistic. Capital is a dynamic (concept) on the Capitalism which tries to reproduce itself through generation of surplus that has a social value and needs to be exchanged (traded) for more capital as a requirement (usually money). The resources (but labor) are the means of production but does not define the capital itself. Capital according to the Marxian concept is the dynamic that can acumulates part of the value surplus by the owner of the means of production (Land, Machinery, etc). In that concept the extra capital is not created is just part of the "explotation process", the difference between the value of the labor (from those who do not own the Capital) and the value of the output which goes to the Capitalist (owner of the capital and that has access to the means of production) which we call profit, for short.

[@jfdoser]

So this investor spent 1 million dollars to make $50,000? Sounds like a bad deal

[@ednapendo9127]

Nice

[@henrykusnezow6942]

If x=a what is the value of y

[@Main_Sujay]

Sahi hai

[@johnpolo7160]

Why do people always use 50/50% in explanations? Would not be better to use 60/40 or any other different percentage ratios?

[@ferny_yodaddy3070]

I grew up watching ur math videos😂😂

[@melyhome68]

I see you use the mouse to write on the screen. What software are you writing?

[@sangouda1645]

guess you have found your answer already, but still, to answer your question, these things are done using graphics tablet like wacom one tablet

[@KwabenaKwabena-in7yz]

How can you known that this is private capital like how?

[@thuglifememe8437]

Where r u from khan sir...r u indian or from Pakistan, Bangladesh, Iran,turkey,etc...???🤔🤔🤔🤔