Added: Feb 25, 2007
From: yorambauman
Duration: 5:20
"Mankiw's 10 principles of economics, translated for the uninitiated", by Yoram Bauman, http://www.standupeconomist.com . Presented at the AAAS humor session, February 16, 2007. For the record, the talk contains two unattributed quotes ("9 out of 5" is adapted from a line attributed to Paul Samuelson---although apparently he said it about Wall Street indices, not macroeconomists---and "wrong about things" is paraphrased from P.J. O'Rourke's Eat the Rich) and, of course, the Einstein "simple" quote is an intentional misquote. The talk is based on a published article in Annals of Improbable Research (see http://www.improb.com/airchives/paperair/volume9/v9i2/mankiw.html ), which sponsored my talk and to which you should subscribe (http://improb.com/subscribe/ ). In the paper you can see the "constructive example" of how trade can make everyone worse off (or you can just wait 50 years to see what happens with climate change). More info and other clips on my website (http://www.standupeconomist.com ), and please sign up for my email list. (No spam I promise.)
Channel: Comedy
Tags: aaas air bauman economics economist mankiw mankiw's of principles stand-up translated yoram
Rating: 4.79 (1211 ratings) Views: 502134' favoriteCount='3007 Comments: 25
kombajndosalatek Says:
Oct 7, 2008 - dude.. please.. ;]
devine122 Says:
Oct 8, 2008 - supply and command is pretty easy to understand, you supply the oil, you command the money
tharcour6 Says:
Oct 13, 2008 - No, the Phillips curve is not a lie. Its simply a short run trade off. If you look at the equation for the Phillips curve it has this little term called expected inflation. That enables the curve to shifted in and out. In the case of the US in the 70's inflation kept rising so people expected it to remain high and the Phillips curve shifted out. In Zimbabwe the Phillips curve has shifted so far out you cant put it on the same graph as other countries, but the trade off is still there
tharcour6 Says:
Oct 13, 2008 - @ ThAtCrAzYgUy619, yahlers & ddorothy: That is totally prejudice and completely and utterly disgusting! You should be ashamed of yourselves!
LadyNemesis2007 Says:
Oct 14, 2008 - LMAO
NeonKnight88 Says:
Oct 15, 2008 - inflation is the increase in the money supply period. Price/wage levels cannot increase in the longterm without an increase in the money supply no matter what "expectations" are except with a decrease in the amount of goods relative to the money supply or an increase in the money supply relative to the amount of goods. Otherwise there will be liquidity problems.
bimmjim Says:
Oct 24, 2008 - Fire all the employed economists and give their jobs to the unemployed economists. This economic model cannot continue to function therefore we must do such things as redifine GDP. Replace the concept of externalities with the idea of natural capital. Tax money made by speculation higher and higher to reduce speculation. Eliminate short selling on the futures markets.(Or explane to me how it is not just gambling) Or in other words just remake the model so that it fits reality.
darkstar1one Says:
Oct 28, 2008 - What does he say: "that kind of sloppy thinking will never get you a [something] position"?
crueltyinc Says:
Oct 28, 2008 - "tenure track"
tangshanjige Says:
Nov 4, 2008 - the man in the vedio is the most stupid man in the world
spikesmth Says:
Nov 6, 2008 - Awesome... when I'm taking my econ exams I always think of it that way... It's the only way I can connect the theories we learn to why the world doesn't look anything like the theories.
Xharveen513X Says:
Nov 7, 2008 - arse
buttonsputon Says:
Nov 9, 2008 - VOTE HEMP vote for economy with all of it's commodities!
dcspc Says:
Nov 12, 2008 - i don't really get the snicker bar thingy
patnoon314 Says:
Nov 20, 2008 - when offered one snickers bar, you dont have to give up anything for the bar. when offered the snickers and mms you "give up" them to get the snickers hes sorta making fun at economic way thinking
zuhaibz5 Says:
Nov 24, 2008 - this guy is a fag
toeg1 Says:
Nov 25, 2008 - This guy is obviously headed for tenureship at the IMF.
ultradumbass Says:
Nov 26, 2008 - i don't agree with his theories...
hesrobinson Says:
Nov 29, 2008 - Wow - some people who've commented here really don't understand humour! I love this guy - I've even seen him live - he is AWESOME (and a Climate Change Economist - so extra kudos there).
hesrobinson Says:
Nov 29, 2008 - It's not supposed to be good reasoning! It's a parody!
bubblelink47 Says:
Nov 29, 2008 - economics! ITS FUCKING BIG!
Communitis Says:
Nov 30, 2008 - Which must be why you are an ultradumbass; he is a comedian. While he is also a serious economics student, this is no more than lampoon. Get over yourself.
ultradumbass Says:
Nov 30, 2008 - lol go to hell.
HopefullyAnonymous Says:
Dec 1, 2008 - thanks so much for this. A whole micro and macro course through comedy would be awesome.
NeonKnight88 Says:
Oct 7, 2008 - Phillips curve is a lie, see zimbabwe, see america in 1970s