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Speaker(s): Professor Dani Rodrik Chair: Professor Wouter Den Haan Recorded on 7 October 2015 at Old Theatre, Old Building Based on his new book, Economics Rules: The Rights and Wrongs of the Dismal Science, Professor Rodrik will give an accessible introduction to the strengths of the discipline of economics and why it is so often misunderstood, not least by its practitioners.
Professor Jean Tirole, chairman of the Jean-Jacques Laffont - Toulouse School of Economics Foundation and scientific director of the Institute for Industrial Economics, discusses his new book Economics for the Common Good on November 2, 2017, at the Peterson Institute for International Economics.
Alfred Marshall was one of the most important economists shaping the field as we practice it today. By synthesizing the classical economics focus on production and costs with the new marginal utility theory of value and the concept of subjective utility, Marshall created the neoclassical synthesis. He also formalized elasticity, the theory of the firm, and welfare analysis.
Many economic downturns throughout human history can be explained by real business cycle (RBC) theory. So what makes this theory "real" and what are its drawbacks? We'll cover both in this five-minute tour of RBC. ------------------------------------------------------------------------------------------------------------ Subscribe for new videos every Tuesday!
America's freedom and prosperity derive from the combination of the idea of human liberty in America's Declaration of Independence with the idea of economic freedom in Adam Smith's Wealth of Nations. Friedman explains how markets and voluntary exchange organize activity and enable people to improve their lives. He also explains the price system.