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

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

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.

Econometrics package

The topics range from math

He studied economics at college.

a latticework on which to hang your ideas.

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

Westerners own two thirds of its wealth.

The bottom of the pyramid is benefiting hugely from technology.

What about religion, poverty, economics...?

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

I major in economics.

I'm majoring in economics.

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

We have this view of ourselves, of others.

But this does not apply the other way around.

Here's another one.

My employer an economist.

Here's a guy you all need to study.

Tom is majoring in economics.

Make a decision and give me some blood.

So this is exactly what I did.

I'm studying economics at university.

I'm studying economics in college.

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.

And they see a 20 bill.

And we call that M1.

Great.

She majored in economics.

My son is studying economics.

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

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

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

He made a substantial contribution to economics.

I ordered five books on economics from London.

But we'll talk about that in future videos when we talk about hyperinflation.

So, this whole area is so fascinating.

I went to university to become an economist.

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.