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

I went to university to become an economist.

And macro economics is probably more guilty of it.

a latticework on which to hang your ideas.

Economics is the study of economic mechanisms.

Economic games. So what we do is we go into two areas.

Econometrics package

Von Mises, interestingly, believes economics is just a subset of psychology.

The topics range from math

The bottom of the pyramid is benefiting hugely from technology.

The economist anticipated a prolonged depression.

But this does not apply the other way around.

You compare the cost of the play now 40 dollars to the cost that it used to have 20 dollars and you say it's a bad deal.

My employer an economist.

Here's a guy you all need to study.

And they see a 20 bill.

And so on.

What about religion, poverty, economics...?

He is a great authority on economics.

He is a great authority on economics.

Instead, what we saw is a lot of people who cheat a little bit.

Regardless of the outcome, the pure act of anticipation makes us happy.

Great.

So this is exactly what I did.

He studied economics at college.

Well there's a couple of ways to do it.

We can see that we can take this equation and it can apply to things in economics, or it can apply to things in finance or it can apply to things in computer science or logic or electrical engineering or anything accounting

COuld lead to more wealth, more, a larger pie for everyone.

We have this view of ourselves, of others.

Westerners own two thirds of its wealth.

Here's another one.

He is a professor of economics at Hyogo University.

Tough shit! The deal is done!

And we call that M1.

They really cared about their monkey token dollar.

And now you want me to give up this money and ship it to a stranger?

Here's an economic principle.

Let's graph it.

The laws of nature are written in the language of calculus.

What I would like to see is idealism decoupled from all constraints.

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.

I major in economics.

I'm majoring in economics.

We all know little bits, but none of us knows the whole.

And actually, you'll find that in most applications, that's what you end up doing anyway, because most differential equations you encounter in science or with any kind of science, whether it's economics, or physics, or engineering, that they often are unsolveable, because they might have a second or third derivative involved, and they're going to multiply.