a latticework on which to hang your ideas.

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

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

And macro economics is probably more guilty of it.

Economics is the study of economic mechanisms.

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

They really cared about their monkey token dollar.

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.

I was a member of leftist parties, and I became an activist.

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

While employed at the bank, he taught economics at college.

But this does not apply the other way around.

My employer an economist.

Here's a guy you all need to study.

I ordered five books on economics from London.

And we call that M1.

And they see a 20 bill.

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

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.

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.

Here's an economic principle.

We have this view of ourselves, of others.

Westerners own two thirds of its wealth.

Here's another one.

That's why I broke all the professional rules of conduct for an economist, and I wrote an economics book that you could read on a beach.

Sure, of course it is.

He made a substantial contribution to economics.

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.

He is a professor of economics at Hyogo University.

I went to university to become an economist.

He has a knowledge of economics.

(Laughter)

Is this really how people are?

That's a strange economic behavior.