Microeconomics .. and those actors could be firms, could be people, it could be households.

We were having negative per capita growth.

Economics is the study of economic mechanisms.

My son is studying economics.

I just want to share a little clip for you.

Have had technologies that would liberate the world from the slavery of our current

Creating our own program to solve problems, like fighting corruption,

Micro is that people, individual actors are acting out of their own self interest.

So what are you working on?

Now if we look at the economic imperative here, this isn't just about compassion.

So, it's policy, top down .. 'top down' questions.

So high utilization of capacity, it leads to prices increasing.

And how does that .. does that affect prices and markets, and whatever else.

Well, actually, many studies have been done about the economic effectiveness, the economic impact of Apollo.

If you think it's funny, bear in mind there is an organization called the American Institute of Wine Economics, which actually does extensive research into perception of things, and discovers that except for among perhaps five or ten percent of the most knowledgeable people, there is no correlation between quality and enjoyment in wine, except when you tell the people how expensive it is, in which case they tend to enjoy the more expensive stuff more.

And it's not based on theology or philosophy, it's in the study of the mind, across all these spheres of research, from neuroscience to the cognitive scientists, behavioral economists, psychologists, sociology, we're developing a revolution in consciousness.

So, what's up? There's something kinda funky going on here.

And so, now, modern economists tend to divide themselves into these two schools, or into these two subjects microeconomics, which is the study of individual actors.

It was so interesting for me!

And now Economics is frequently .. and when he makes a statement, he is actually making a mix of micro economic and macro economic statements.

What kind of shit research are you doing?

Gita Gopinath, who has just come to Harvard, received tenure last year and is one of the most influential macroeconomists in the United States right now.

I'm going to fly you into five research projects in the AlloSphere that are going to take you from biological macroscopic data all the way down to electron spin.

And once again important to keep in the back of one's mind, because especially relevant to macro economics, because in macro economics there is always all sorts of prediction about the state of the economy about what need to be done, about how long the recession will last, what will be the economic growth next year, what will inflation do ... and they often prove to be wrong.

It is important to think over what you will do, to pursue your studies economically, and effectively.

The Laboratory

All of it? The research, the blogs.

At that time, I was really interested in neuroscience and wanted to do a research project in neurology specifically looking at the effects of heavy metals on the developing nervous system.

No, these are economists from MlT, from Carnegie Mellon, from the University of Chicago.

Perception and neuroscience we do not need to copy exactly.

Don't feel too bad about failing the first pop quiz, because everybody fails all of the pop quizzes all of the time.

So what we have learned from social scientists and economists like Elinor Ostrom, who are studying the phenomenon of management of the commons on a local scale, is that there are certain prerequisites that you can put into place that enable you to manage and access open space for the good of one and all.

How many masks do you need?

The laboratory, Wilma.

Merrick Institute.

Crazy house.

Ectoplasmic research.

In the lab.

I'm doing research for an article...

So we did a second study.

THE ENVlRONMENT INFLUENCE

We need to discover what those differences are.

With this notion that artistic creativity is in fact a neurologic product,

Chief Investigator

So this is a different approach.