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

THE ENVlRONMENT INFLUENCE

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

But today, finally, after economic reforms, and economic growth,

That is

That's all right, I said.

If we leave the second option, the basic income, to one side, then we would be forced to risk everything for the idea of 'economic growth', at any cost.

Economics is the study of economic mechanisms.

System D for the economy of self reliance, or the DlY economy.

Flooding the laotian market with counterfeit kip

And we've heard a lot about how economies function.

A nice thing. If you haven't seen it yet, come and experience the Solidarity Economy.

And macro economics is probably more guilty of it.

With the Put Out system?

Let us take a look at the world situation today.

Economic development forum.

Inin energy, and logistics, and finance.

And the United States up there is getting for longer life, keeping family size.

Twice the number of cash transfer households started new economic activity compared to not cash households.

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

(Laughter)

Westerners own two thirds of its wealth.

As you can see the little tether, that it's also magnetically levitated.

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

Econometrics package

In the 1990s, North Korea lost its old mentor, the Soviet Union.

How much do you prefer a first born son?

The topics range from math

Simple economics.

No, I'm agreeing with you, but I went through all this with Walt.

The phenomenon you saw here for a brief moment is called quantum levitation and quantum locking.

a latticework on which to hang your ideas.

So far it's cost about 150 million.

And notice, the money supply at least as we defined it with this M1

Then the other thing happened.

They wanted us to be concerned about social issues.

We were having negative per capita growth.

The lowest percentage of entrepreneurs starting businesses.

On paper the country was doing great.

Here's the overall picture.

Then the economy boom!

Well the economy, you know, so....

Economic meltdown.

Now let's imagine that you were an economist in 1929, trying to forecast future growth for the United States, not knowing that the economy was about to go off a cliff, not knowing that we were about to enter the greatest economic disaster certainly in the 20th century.

Whether it's national economics, family economics, or personal economics, it's not something where sloppy accounting is good enough.