Economic Schools of Thought: Crash Course Economics #14
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Date: 2022-04-04
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Comments and reviews: 10
Ethan
In my opinion this video is not nearly critical enough of Marxist economic theory. While there were some opinions shared on opposing theories and some excuses were made specifically for Marxist thought. To continue it was presented that the world is moving towards a middle ground of economic theory which I believe is a less than accurate representation of the prevailing economic thought and practice of the world. On the whole I think Marxist thought specifically is something that deserves extra critique when providing basic descriptions of economic schools of thought not the one which should have the most excuses made for it. To be fair not many critiques of supply side were made which is seen somewhat as adverse to Marxist beliefs today. Overall it is a good thing that you-re doing educating people about the theory and my one critique is simply in the light handling of Marxism overall though thank you for taking the time to try to educate people more thoroughly. Cheers
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In my opinion this video is not nearly critical enough of Marxist economic theory. While there were some opinions shared on opposing theories and some excuses were made specifically for Marxist thought. To continue it was presented that the world is moving towards a middle ground of economic theory which I believe is a less than accurate representation of the prevailing economic thought and practice of the world. On the whole I think Marxist thought specifically is something that deserves extra critique when providing basic descriptions of economic schools of thought not the one which should have the most excuses made for it. To be fair not many critiques of supply side were made which is seen somewhat as adverse to Marxist beliefs today. Overall it is a good thing that you-re doing educating people about the theory and my one critique is simply in the light handling of Marxism overall though thank you for taking the time to try to educate people more thoroughly. Cheers
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zse4cft6bhu8mko0
Don't get me wrong, I love the whole crash course project, and I love tons of their series, but unfortunately that second commenter in the intro was more accurate than I wish were true. This series is pretty noticeably over Keynesian, with all too often scanty and arguably even shameful coverage of the Austrian view of any given topic. They pay it lip service for a moment only to attempt to discredit it a moment later, then ignore it entirely. A pattern I fear has become all too common these days
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Don't get me wrong, I love the whole crash course project, and I love tons of their series, but unfortunately that second commenter in the intro was more accurate than I wish were true. This series is pretty noticeably over Keynesian, with all too often scanty and arguably even shameful coverage of the Austrian view of any given topic. They pay it lip service for a moment only to attempt to discredit it a moment later, then ignore it entirely. A pattern I fear has become all too common these days
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Torah
Great video. Seems like most economic theories rely on government printed money. If they weren-t allowed to print money without hard assets (and all printed money was US treasury not foreign reserve notes, and were forced to maintain a balanced budget or prescribed surplus, many of these problems would self regulate. Federal resources maintain ports and borders and let local governments run charities and facilitate their own resources. Is there a economic philosophy about this?
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Great video. Seems like most economic theories rely on government printed money. If they weren-t allowed to print money without hard assets (and all printed money was US treasury not foreign reserve notes, and were forced to maintain a balanced budget or prescribed surplus, many of these problems would self regulate. Federal resources maintain ports and borders and let local governments run charities and facilitate their own resources. Is there a economic philosophy about this?
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education
Misrepresenting social democracy as capitalism is a part of a politically inclined agenda. That Crash Course also does this begs the question. One should think academics could be impervious to this agenda and discuss things in their true significance, rather than labelling centre-left policies as socialist or anti-capitalist. It is irresponsible of CC to label SD as socialism, and for the first time in a long time of Crash Course, the video has merited a dislike from me.
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Misrepresenting social democracy as capitalism is a part of a politically inclined agenda. That Crash Course also does this begs the question. One should think academics could be impervious to this agenda and discuss things in their true significance, rather than labelling centre-left policies as socialist or anti-capitalist. It is irresponsible of CC to label SD as socialism, and for the first time in a long time of Crash Course, the video has merited a dislike from me.
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Michael
I know it's a quick-and-dirty summary, but calling Marshall a -classical- economist is a pretty big blunder. Marginalism sharply revises and updates classical theories; it inaugurates a new school of thought aptly named -neoclassical economics. - You're misleading your viewers by obscuring this fact.
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I know it's a quick-and-dirty summary, but calling Marshall a -classical- economist is a pretty big blunder. Marginalism sharply revises and updates classical theories; it inaugurates a new school of thought aptly named -neoclassical economics. - You're misleading your viewers by obscuring this fact.
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Nicholas
The one thing I know is that the complete collectivization of everything major industry (marxism) has failed about a 100 times. The most effective way to run an economy lies somewhere between keynes and the austrians/chicago schools
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The one thing I know is that the complete collectivization of everything major industry (marxism) has failed about a 100 times. The most effective way to run an economy lies somewhere between keynes and the austrians/chicago schools
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Chris
The newest economist that will reshape history based on the idea of Modern Monetary Theory is Stephanie Kelton. Her book, -The Deficit Myth- comes out June 9th and it will really shape how we see government spending.
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The newest economist that will reshape history based on the idea of Modern Monetary Theory is Stephanie Kelton. Her book, -The Deficit Myth- comes out June 9th and it will really shape how we see government spending.
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Juan
Actually, Classical Economics mostly ended with Ricardo and Mill. Alfred Marshall and his entourage are Neo-Classics, which are pretty different form classical economics in all ways possible.
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Actually, Classical Economics mostly ended with Ricardo and Mill. Alfred Marshall and his entourage are Neo-Classics, which are pretty different form classical economics in all ways possible.
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Facilitate
-All economic theories are constantly being revised- (except market economics of course, -and when wrong millions can be adversely affected. - (the modern maelstrom of Capitalism.
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-All economic theories are constantly being revised- (except market economics of course, -and when wrong millions can be adversely affected. - (the modern maelstrom of Capitalism.
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Riggins
Keysian economics are bad. Public intervention extended the Great Depression by years. Stop representing Communism and Socialism as equivalent systems to Free Market Capitalism.
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Keysian economics are bad. Public intervention extended the Great Depression by years. Stop representing Communism and Socialism as equivalent systems to Free Market Capitalism.
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