Channel Title: Unlearning Economics Channel Description: I am an academic economist from the UK who has long been critical of the economics profession and how economics is used in public policy. Mostly the channel will cover economics with a critical perspective but I aim to educate people about economics in the process, so I'll try to explain key concepts and ideas along the way. That way, even if you disagree with aspects of the videos you will hopefully learn something from them. I am interested in more than just economics and will likely do videos covering other topics such as statistics and politics. <video> The Death of Economics 101 ft. Mexie Description: One way or another, econ101-ism is at the heart of the debates over why we can't have good policies. Good thing it's wrong! 0:00 Intro 2:24 Demand & Supply 8:06 The Minimum Wage Debate 15:34 Making Sense of the Minimum Wage 20:59 Rent Control 31:31 The Influence of Econ101 (Mexie) 40:42 The Brain Worm of Economics My Patreon: https://www.patreon.com/unlearneconomics?fan_landing=true My Twitter: http://twitter.com/UnlearnEcon The Discord: https://discord.com/invite/jy8CNzDsgf Reddit: https://www.reddit.com/r/UnlearningEconomics/ Mexie’s channel: https://www.youtube.com/channel/UCepkun0sH16b-mqxBN22ogA Produced by Hobbie Stuart Artwork by Jacob Cob © 2021 Unlearning Economics I am an academic economist from the UK who has long been critical of the economics profession and how economics is used in public policy. Mostly the channel will cover economics with a critical perspective but I aim to educate people about economics in the process, so I'll try to explain key concepts and ideas along the way. That way, even if you disagree with aspects of the videos you will hopefully learn something from them. Subscribe for more! References (in rough order of appearance): Thomas Sowell documentary: https://www.youtube.com/watch?v=WK4M9iJrgto Vaush’s video on the minimum wage: https://www.youtube.com/watch?v=WWxtg6F5Tuw The Rise of American Minimum Wages, 1912–1968, Price V. Fishback and Andrew J. Seltzer The Elusive Employment Effect of the Minimum Wage, Alan Manning Minimum Wages and Employment: A Case Study of the Fast-Food Industry in New Jersey and Pennsylvania, David Card and Alan Krueger Econned, Yves Smith [source of Reed Garfield quote] Minimum Wage Effects Across State Borders: Estimates Using Contiguous Counties, Dube et. al The Effect Of Minimum Wages On Low-Wage Jobs, Cengiz et. al Neumark's research and Dube and co's critique: Minimum Wages And Employment: A Review Of Evidence From The New Minimum Wage Research, David Neumark and William Wascher Myth or Measurement: What Does the New Minimum Wage Research Say about Minimum Wages and Job Loss in the United States?, David Neumark & Peter Shirley Credible Research Designs for Minimum Wage Studies: A Response to Neumark, Salas and Wascher, Allegretto et. al Publication Selection Bias in Minimum‐Wage Research? A Meta‐Regression Analysis, Doucouliagos and Stanley 15 Years of Research on US Employment and the Minimum Wage, Wolfson and Belman The Effects on Employment and Family Income of Increasing the Federal Minimum Wage, CBO Dube’s twitter thread on the CBO https://twitter.com/arindube/status/1358888317622755329 The Very Idea of Applying Economics, Thomas Leonard If you want more on why demand-supply has been falsified for the labour market, read: An econ theory, falsified, Noah Smith https://noahpinionblog.blogspot.com/2016/12/an-econ-theory-falsified.html Research suggests there's an easy way to reduce suicide rates: increase the minimum wage, Jeff Spross https://theweek.com/articles-amp/888495/research-suggests-theres-easy-way-reduce-suicide-rates-increase-minimum-wage Destiny/Burgis Rent Control Debate https://www.youtube.com/watch?v=xaSjd--cM-Y&ab_channel=Destiny Time for Revisionism on Rent Control?, Arnott IGM Survey of Economists on Rent Control: https://www.igmchicago.org/surveys/rent-control/ Bloomberg article on Rent Control: https://www.bloomberg.com/opinion/articles/2021-03-02/berlin-s-rent-controls-are-proving-to-be-the-disaster-we-feared The Effects of Rent Control Expansion on Tenants, Landlords, and Inequality: Evidence from San Francisco, Diamond et. al Considerations on Rent Control, Josh Mason https://jwmason.org/slackwire/considerations-on-rent-control/ Economism, James Kwak Toder, Eric & Rueben, Kim. (2007). Should We Eliminate Taxation of Capital Income?. Moffitt, Robert and Wilhelm, Mark, Taxation and the Labor Supply: Decisions of the Affluent (June 1998). NBER Working Paper No. w6621, Available at SSRN: https://ssrn.com/abstract=160968 Keynes’ General Theory free online (source of Keynes quote): https://www.marxists.org/reference/subject/economics/keynes/general-theory/ Extra references from pinned comment: The Importance of Study Design in the Minimum-Wage Debate, Daniel Kuehn https://files.epi.org/2014/importance-study-design-minimum-wage-debate-final.pdf EPI data on the minimum wage: https://www.epi.org/chart/state-of-american-wage-table-1-hourly-wages-of-all-workers-by-wage-percentile-2000-2019-2019-dollars/ Diamond and McQuade (2019): https://www.semanticscholar.org/paper/Who-Wants-Affordable-Housing-in-Their-Backyard-An-Diamond-McQuade/59c248e5c6bd36aca963077a0882f899a168d907 </video> <video> Value Description: Unlearning Economics' guide to you-know-what. See every side of every news story with Ground News https://ground.news/unlearningeconomics Chapters 0:00 Intro 0:56 Wealth Creation 13:22 The Search for a Scientific Theory of Value 25:58 BreadTube vs Economics #4: The Labour Theory of Value 36:51 Taking the Labour Theory of Value Seriously: The Transformation Problem 49:43 Taking the Labour Theory of Value Seriously: The Falling Rate of Profit 1:01:49 Do We Need Theories of Value? UE links Patreon: https://www.patreon.com/unlearneconomics Twitter: http://twitter.com/UnlearnEcon Discord: https://discord.com/invite/jy8CNzDsgf Reddit: https://www.reddit.com/r/UnlearningEconomics/ Twitch: https://www.twitch.tv/unlearningeconomics Produced by Hobbie Stuart Animations by Grim Friberg Thumbnail by Sorcha Cartoons Artwork by Jacob Cob © 2022 Unlearning Economics Thanks so much to @BroeyDeschanel, @HowMoneyWorks, @BenFelixCSI, @Econoboi, and @munecat for the quotes. I am an academic economist from the UK who has long been critical of the economics profession and how economics is used in public policy. Mostly the channel will cover economics with a critical perspective but I aim to educate people about economics in the process, so I'll try to explain key concepts and ideas along the way. That way, even if you disagree with aspects of the videos you will hopefully learn something from them. Subscribe for more! References (in rough order of appearance) The Value of Everything: Making and Taking in the Global Economy, Marianna Mazzucato GDP: A Brief But Affectionate History, Diane Coyle The Neoclassical Theory of Distribution, Gonçalo L. Fonseca https://www.hetwebsite.net/het/essays/margrev/distrib.htm Economic Ideology, Joan Robinson Destiny video: https://www.youtube.com/watch?v=4OhfX-lS7xA&t=3762s NonCompete video: https://www.youtube.com/watch?v=8aHvA0KHXqM Tiffany Ferguson video: https://www.youtube.com/watch?v=eVwW6Jq3_TE Novara Media video: https://www.youtube.com/watch?v=PHMFOqDLZvY Joan Robinson and the labour theory of value, E.K. Hunt Property And Contract in Economics: The Case For Economic Democracy, David Ellerman Transformation Problem Wikipedia page: https://en.wikipedia.org/wiki/Transformation_problem Marx after Sraffa, Ian Steedman How the Labor Theory of Value Emerges from Egalitarianism, Blair Fix https://economicsfromthetopdown.com/2021/09/11/how-the-labor-theory-of-value-emerges-from-egalitarianism/ Testing the Labour Theory of Value: An Exchange, Birchler and Nitzan Reclaiming Marx's "Capital" A Refutation of the Myth of Inconsistency, Andrew Kliman The Failure of Capitalist Production Underlying Causes of the Great Recession, Andrew Kliman Hakim’s video https://www.youtube.com/watch?t=452s&v=SEGGvVinUao FRED dataset: https://fred.stlouisfed.org/ Revisiting a world rate of profit, Michael Roberts UK rate of profit and British economic history, Michael Roberts Measuring the rate of profit; profit cycles and the next recession, Michael Roberts The historical transience of capital The downward trend in the rate of profit since XIX century, Maito Is There a Tendency for the Rate of Profit to Fall? Econometric Evidence for the U.S. Economy, 1948-2007, Basu and Manoulakos Distributive shares in the US economy, 1964–2001, Mohun The Falling Rate of Profit Thesis Reassessed: Toward a Sociology of Marx’s Value Theory of Labor, Bradford Crisis Theory and The Falling Rate of Profit, Harvey An Essay on Marxian Economics, Joan Robinson </video> <video> The Toxic Culture of the Economics Profession Description: Economics is the king of social sciences, but it's more Joffrey than Jon Snow (I've been reading the GoT books and will not apologise for this reference). Thanks to @BigJoel, @MerrickDeville, @socdoneleft, @Mexie, @ChillGoblin, @WereInHell, @MoneyMacro, Maeve Cohen, and @HobbieStuartMusic. Chapters: 0:00 Intro 2:51 The Superiority of Economists 10:47 The Curse of the Top 5 23:44 Women in Economics 31:59 Toxic Economist-icity 40:20 Econ-cels 54:22 Detoxifying Economics Patreon: https://www.patreon.com/unlearneconomics Twitter: http://twitter.com/UnlearnEcon Discord: https://discord.com/invite/jy8CNzDsgf Reddit: https://www.reddit.com/r/UnlearningEconomics/ Twitch: https://www.twitch.tv/unlearningeconomics Produced by Hobbie Stuart Animations by Grim Friberg Artwork by Jacob Cob © 2022 Unlearning Economics I am an academic economist from the UK who has long been critical of the economics profession and how economics is used in public policy. Mostly the channel will cover economics with a critical perspective but I aim to educate people about economics in the process, so I'll try to explain key concepts and ideas along the way. That way, even if you disagree with aspects of the videos you will hopefully learn something from them. Subscribe for more! References (in rough order of appearance) On Modeling and Interpreting the Economics of Catastrophic Climate Change, Weitzman Martin Weitzman, Virtuoso Climate Change Economist, Dies at 77, NYT https://www.nytimes.com/2019/09/04/business/energy-environment/martin-weitzman-dead.html Economic Imperialism, Lazear has the following abstract: An Influential Think Tank Suggested That Harm Reduction Doesn't Work, Vice https://www.vice.com/en/article/gy7ke9/brookings-institution-suggested-that-harm-reduction-doesnt-work Research roundup: What does the evidence say about how to fight the opioid epidemic? Doleac et al https://www.brookings.edu/blog/up-front/2018/12/07/research-roundup-what-does-the-evidence-say-about-how-to-fight-the-opioid-epidemic/ The Superiority of Economists, Fourcade et al Inside Job or Deep Impact? Extramural Citations and the Influence of Economic Scholarship, Angrist et al ‘The Curse of the Top 5’ panel: https://www.youtube.com/watch?v=PqdKMQNXM2A Publishing and Promotion in Economics: The Tyranny of the Top Five, Heckman & Moktan An example of the "Tyranny of the top five", Judd https://sites.google.com/site/commentsoneconomics/introduction/an-example-of-the-tyranny-of-the-top-five Staying at the Top: The Ph.D. Origins of Economics Faculty, Jones and Sloan Diversity in the Economics Profession: A New Attack on an Old Problem, Bayer and Rouse Women in economics: moving up or falling off the academic career ladder?, Ginther and Kahn Women in economics: Stalled progress, Lundberg and Stearns CSWEP reports, AEA https://www.aeaweb.org/content/file?id=6388 Economics is a disgrace, Sahm http://macromomblog.com/2020/07/29/economics-is-a-disgrace/ Economics truly is a disgrace, Sahm https://macromomblog.com/2020/12/01/economic-truly-is-a-disgrace/ Gender Differences in Recognition for Group Work, Heather Sarsons Gender Differences in Recognition for Group Work, Sarsons et al If Women Counted, Marilyn Waring Speed Dating for Economists, NPR https://www.npr.org/sections/money/2017/05/05/527087730/episdoe-769-speed-dating-for-economists How Is This Paper Philosophy?, Dotson For Women in Economics, the Hostility Is Out in the Open, NYT https://www.nytimes.com/2021/02/23/business/economy/economics-women-gender-bias.html Gender Trouble, Judith Butler Everyone’s Getting Tired Of Shitty Viral Tweets About Men, Holden https://melmagazine.com/en-us/story/ugh-men-bad-viral-tweets Gender And The Dynamics Of Economics Seminars, Dupas et al Incels, Contrapoints https://www.youtube.com/watch?v=fD2briZ6fB0 Ben Harrell EJMR thread: https://twitter.com/elben/status/1431855872725110784 Gender Stereotyping in Academia: Evidence from Economics Job Market Rumors Forum, Wu Graduate Student Mental Health: Lessons from American Economics Departments, Barreira et al Killing EJMR, Campbell https://jimdcampbell.com/2017/08/28/killing-ejmr/ Killing EJMR Redux, Campbell https://jimdcampbell.com/2020/06/20/killing-ejmr-redux/ Biden’s Federal Reserve Nominee Lisa Cook Is Facing A Racist Smear Campaign, Terkel https://www.huffingtonpost.co.uk/entry/lisa-cook-federal-reserve-nominee-racist-criticism_n_61f367eee4b02de5f516fa2a How You Can Work to Increase the Presence and Improve the Experience of Black, Latinx, and Native American People in the Economics Profession, Bayer et al Money & Macro inflation vids: https://www.youtube.com/watch?v=VEZsgAgYDhw&t=7s https://www.youtube.com/watch?v=bh2pr9Gmvbo&list=PLGbVoSdwvesCls2hE7dUrHPrsFJiIA4_6&index=3 Chicago exam q: https://twitter.com/neocentrist/status/1491587498245558274 </video> <video> The Air We Breathe Description: That's the name of the video!! Thanks to @DarkViperAU, Mélodie, @BenFromCanada, @MedlifeCrisis, Grim Friberg,@mollynoise, Alexander Wells, and @JoseBird for helping out! Join the new reading club! https://www.patreon.com/unlearneconomics Chapters: 0:00 Intro 6:02 The Air We Breathe 10:33 Game of Sewage 17:45 Airborne Attacks 29:28 Air Pollution 40:25 Yes, There is Such Thing as a 'Solution' 56:00 Thinking Like An Economist? 1:12:41 Imagining Better Futures References: https://docs.google.com/document/d/1rkcaVDfXYQLu8jQe1eQSnjB6cWUT7Q6k/edit?usp=sharing&ouid=112223828256290962231&rtpof=true&sd=true </video> <video> Communism, Gaming, and Larry Summers: 50,000 Subscriber Q & A Description: An unreasonably long Q & A, there were too many good questions! No visuals bar the questions themselves, you can listen to it like a podcast :) My Patreon: https://www.patreon.com/unlearneconomics?fan_landing=true My Twitter: https://twitter.com/UnlearnEcon Production by Hobbie Stuart: https://www.youtube.com/user/HobbieStuartMusic Artwork by Jacob Cob © 2021 Unlearning Economics I am an academic economist from the UK who has long been critical of the economics profession and how economics is used in public policy. Mostly the channel will cover economics with a critical perspective but I aim to educate people about economics in the process, so I'll try to explain key concepts and ideas along the way. That way, even if you disagree with aspects of the videos you will hopefully learn something from them. Subscribe for more! Chapters 1:00 Mainstream economics 2:39 How I am 3:03 David Graeber 4:03 Learning economics 5:45 Economic measures 6:11 Bad economics 7:20 Pluralism 8:27 Common sense economics 10:23 Land Value Tax 11:30 Influencing mainstream media 12:48 Ayn Rand 14:08 Economic anthropology 15:22 Planned economies 17:31 Unlearning economics 19:13 Econ burnout 21:16 Monopolies 23:01 Marmite 23:41 MMT 26:09 Descent into heterodoxy 28:43 Buses 29:31 Leftist economists 33:00 Overrated and underrated economists 36:06 Historical economist 37:34 Communism 39:45 My research 41:23 Motivation 43:25 Econ papers 46:47 AI 48:10 Gaming 50:18 Interdisciplinarity 51:41 Fiscal responsibility 53:55 Favourite YouTubers 55:15 Upcoming videos 56:38 Worker ownership 1:01:36 Studying pluralist econ 1:02:39 Novels 1:03:42 Football 1:04:37 Economics as religion 1:05:40 Universal basic income References (in rough order of appearance) Al Roth: An economist who saves lives [Matching] https://www.bbc.co.uk/news/magazine-20004050 Debt: the First 5000 Years, David Graeber CORE Textbook https://www.core-econ.org/ Post-Keynesian Economics: New Foundations, Marc Lavoie Atlas of Economic Complexity, Ricardo Hausmann et. al Where Profits Come From [Kalecki Profits Equation], Levy et al. https://www.levyforecast.com/assets/Profits.pdf https://economic-complexity.ir/wp-content/uploads/2020/11/3.pdf Reconstructing economics: Agent based models and complexity [power law reference], Mauro Gallegatia and Alan Kirman Sell Blood, Burn Car, Ride Bus ... ? https://podcasts.apple.com/gb/podcast/mandatory-redistribution-party/id1474450871?i=1000447495095 Shedding Darkness, Joan Robinson The Methodology of Positive Economics, Milton Friedman The Priority Heuristic, Brandstatter et al </video> <video> Steven Pinker and the Failure of New Optimism ft. We're in Hell Description: I’ve been gone for a while, and this is why! Hope you enjoy my critique of Pinker’s economics. 0:00 Intro 3:11 Part 1 (i) Poverty and Prosperity: Should We Trust the Data? 19:16 Part 1 (ii) Poverty and Prosperity: Understanding Poverty Measures 40:01 Part 2 (i) Inequality and Distribution: Why Distribution Matters 55:59 Part 2 (ii) Inequality and Distribution: the Dynamics of Inequality 1:13:46 Part 3 The Failure of New Optimism My Patreon: https://www.patreon.com/unlearneconomics My Twitter: https://twitter.com/UnlearnEcon The Discord: https://discord.com/invite/jy8CNzDsgf Reddit: https://www.reddit.com/r/UnlearningEconomics/ Check out We’re in Hell’s video: https://t.co/3Pa6CVZfrz?amp=1 ...and channel: https://www.youtube.com/channel/UCbbsW7_Esx8QZ8PgJ13pGxw The other voices from Sam’s video are https://twitter.com/Liv_Agar and https://twitter.com/theymerSophie Produced by Hobbie Stuart Artwork by Jacob Cob © 2021 Unlearning Economics I am an academic economist from the UK who has long been critical of the economics profession and how economics is used in public policy. Mostly the channel will cover economics with a critical perspective but I aim to educate people about economics in the process, so I'll try to explain key concepts and ideas along the way. That way, even if you disagree with aspects of the videos you will hopefully learn something from them. Subscribe for more! Reference list too big for YouTube, find it here: https://docs.google.com/document/d/1BorNY86DNQ-p32XYDJ88bp1-ZlhTd1eN-gakTWlIeBY/edit?usp=sharing </video> <video> Planned Obsolescence Will Kill Us All Description: …and that’s why! See every side of every news story with Ground News https://ground.news/unlearningeconomics Support UE: Patreon: https://www.patreon.com/unlearneconomics Other links: Twitter: http://twitter.com/UnlearnEcon Discord: https://discord.com/invite/jy8CNzDsgf Reddit: https://www.reddit.com/r/UnlearningEconomics/ Twitch: https://www.twitch.tv/unlearningeconomics Medium: https://medium.com/@unlearnecon Produced by Hobbie Stuart Thumbnail by Sorcha Cartoons Artwork by Jacob Cob © 2023 Unlearning Economics Chapters: 0:00 Intro 2:36 Planned Obsolescence: the Basics 18:16 The Value of Everything (That Exists) 28:43 The Goddamn Environment 34:28 Born of the Depression 46:26 ...and that's why Thank you to @ignosegnose5578 and EvangelineTheodora for the quotes! References (in rough order of appearance) Check out https://www.reddit.com/r/BuyItForLife/ for funsies https://www.youtube.com/watch?v=wzWU7D0S9_8&pp=ygUqb3VyIGNoYW5naW5nIGNsaW1hdGUgcFtsYW5uZSBkb2Jzb2xlc25jZWNl https://www.youtube.com/watch?v=j5v8D-alAKE&pp=ygUedmVyaXRhc2l1bSBwbGFubmVkIGJzb2xlc25jZWNl https://www.youtube.com/watch?v=RTbrXiIzUt4&pp=ygUgbWFycXVlcyBicm93bmxlZSByaWdodCB0byByZXBhaXI%3D Stuff You Should Know https://open.spotify.com/episode/0ZDBWoSUQDTf8i0NfkYyOU?si=9ce404f7671a48ae Made to Break, Giles Slade The Great Lightbulb Conspiracy, Markus Krajewski https://spectrum.ieee.org/the-great-lightbulb-conspiracy United States v. General Electric Co., 82 F. Supp. 753 (D.N.J. 1949) https://law.justia.com/cases/federal/district-courts/FSupp/82/753/1755675/ https://www.youtube.com/watch?v=zb7Bs98KmnY&list=WL&index=4&pp=gAQBiAQB ‘Designed to break: planned obsolescence as corporate environmental crime’, Bisschop Why fashion brands destroy billions’ worth of their own merchandise every year, Chavie Lieber https://www.vox.com/the-goods/2018/9/17/17852294/fashion-brands-burning-merchandise-burberry-nike-h-and-m https://www.youtube.com/watch?v=LmvdS3Rxw7I& Rescuing Conservatism: A Defense of Existing Value, G.A. Cohen https://www.youtube.com/watch?v=W91yzAe0V_4 Values in Repair, Houston et al, 2016 https://www.youtube.com/watch?v=S2lmPIa1iWE Disentangling the worldwide web of e-waste and climate change co-benefits, Singh and Ogunseitan Mine e-waste, not the Earth, say scientists, Victoria Gill https://www.bbc.co.uk/news/science-environment-61350996 E-waste: An assessment of global production and environmental impacts, Robinson Fixing the World One Thing at a Time: Community repair and a sustainable circular economy, der Velden Ending the Depression Through Planned Obsolescence, London The General Theory, Keynes https://www.youtube.com/watch?v=S0WWbpBxLCI&pp=ygURZXZlcnkgdmlkZW8gZXNzYXk%3D https://www.youtube.com/watch?v=_WyKYB4sg2Q https://www.youtube.com/watch?v=hi_fxwLBSFo&pp=ygURc2ltcHNvbnMgam9uYXMgY2s%3D https://www.youtube.com/watch?v=8er83V2OJ1o&pp=ygUcc2ltcHNvbnMgc3VwZXIgZXllcGF0Y2ggd29sZg%3D%3D] https://www.youtube.com/watch?v=3WSKKolgL2U& Is There a Future for Left-Wing YouTube?, Nicholas Burman https://tribunemag.co.uk/2021/11/the-art-of-left-wing-youtube/ ‘We are losing money’: companies in Apple’s repair program say they can’t compete with tech giant, Josh Taylor https://www.theguardian.com/technology/2023/may/18/we-are-losing-money-companies-in-apples-repair-program-say-they-cant-compete-with-tech-giant </video> <video> Artificial Intelligence, Dark Patterns, and the Digital Economy Description: Dr Stuart Mills is a behavioural economist with a background in economics and political economy. He is is interested in the intersection of technology, data and behavioural science and has written several papers exploring the digital economy, including recent ones on AI and how to make sense of it. Stuart is a co-author and former colleague of mine and we have previously written about the limitations of nudge in the context of the environment. However, today I plan to focus on his work on the digital economy, which we may be able to link the broader issues in behavioural economics and in society. Our paper: https://www.cambridge.org/core/journals/behavioural-public-policy/article/sticky-brown-sludge-everywhere-can-sludge-explain-barriers-to-green-behaviour/3D7A41207E01F7E9C95D583E325ECE0B </video> <video> Surge Pricing Will Kill Us All Description: This was supposed to be released on NYE but hey who cares? (PS I’m good at my job) Chapters: 0:00 Intro 1:59 The (Purported) Benefits of Surge Pricing 9:01 Uber Protagonist 22:45 The Dynamic Pricing World 33:12 "What Do" - Lenin See every side of every news story with Ground News https://ground.news/unlearningeconomics UE links Patreon: https://www.patreon.com/unlearneconomics Twitter: http://twitter.com/UnlearnEcon Discord: https://discord.com/invite/jy8CNzDsgf Reddit: https://www.reddit.com/r/UnlearningEconomics/ Twitch: https://www.twitch.tv/unlearningeconomics Produced by Hobbie Stuart Animations/Thumbnail by Grim Friberg Artwork by Jacob Cob © 2023 Unlearning Economics Thanks so much to my Discord mods for the quotes. I am an academic economist from the UK who has long been critical of the economics profession and how economics is used in public policy. Mostly the channel will cover economics with a critical perspective but I aim to educate people about economics in the process, so I'll try to explain key concepts and ideas along the way. That way, even if you disagree with aspects of the videos you will hopefully learn something from them. Subscribe for more! References (in rough order of appearance) 5 reasons everyone should love surge pricing – Timothy B. Lee https://www.vox.com/2014/12/31/7475923/case-for-surge-pricing What Money Can’t Buy - Michael Sandel Snow Crash - Neil Stephenson Dynamic Pricing in a Labor Market: Surge Pricing and Flexible Work on the Uber Platform – Chen and Sheldon Technical Note on CS paper: https://docs.google.com/document/d/1jPBM46qNpY6L8AIaA5xtWOkAVPEOq_-oaN-hNLx36HM/edit?usp=sharing Reference-Dependent Preferences and Labor Supply: The Case of New York City Taxi Drivers – Farber Constructing a Market, Performing Theory: The Historical Sociology of a Financial Derivatives Exchange – Mackenzie and Milo Freakonomics – Levitt and Dubner Uber’s secret weapon is its team of economists - Alison Griswold Surge Pricing and Short-term Wage Elasticity of Labor Supply in Real-Time Ridesharing Markets – He et al End State - James Plunkett The Undercover Economist – Tim Harford Is surge pricing a fair way to manage demand? -Tim Harford Fair Pricing - Rotemberg ‘Privacy, Economics, and Price Discrimination on the Internet’ - Odlyzko The Efficient Queue and The Case Against Surge Pricing - Woodcock Generating equality and eliminating poverty, the Swedish way – Bkorjlund and Freeman </video> <video> Unlearning Economics Live Stream Description: </video> <video> Jordan Peterson Doesn't Understand Gender Discrimination Description: A Jordan Peterson video is a bit of a rite of passage, but I hope this one fills a gap! See every side of every news story with Ground News https://ground.news/unlearningeconomics Chapters 0:00 Intro 3:14 Part 1: The Gender Pay Gap is Real, Actually 17:17 Part 2: Yes, Women Face Discrimination 34:34 Part 3: The Gender Equality Paradox 42:39 Part 4: The Irrelevance of the Paradox 56:59 Part 5: A Brief History of Gender Discrimination 1:18:01 Conclusion UE links Patreon: https://www.patreon.com/unlearneconomics Twitter: http://twitter.com/UnlearnEcon Discord: https://discord.com/invite/jy8CNzDsgf Reddit: https://www.reddit.com/r/UnlearningEconomics/ Twitch: https://www.twitch.tv/unlearningeconomics Produced by Hobbie Stuart Animations by Grim Friberg Thumbnail by Sorcha Cartoons Artwork by Jacob Cob © 2022 Unlearning Economics Thanks so much to @Tom_Nicholas, @HobbieStuartMusic, Lydia Tolhurst, @Kathrin_yt, @T1J, and @anarchozoe for the quotes. I am an academic economist from the UK who has long been critical of the economics profession and how economics is used in public policy. Mostly the channel will cover economics with a critical perspective but I aim to educate people about economics in the process, so I'll try to explain key concepts and ideas along the way. That way, even if you disagree with aspects of the videos you will hopefully learn something from them. Subscribe for more! References: https://docs.google.com/document/d/1OQCSoIXZFvsEVya3d97yGD2RonsusR71O-QC6tYYRFU/edit?usp=sharing </video> <video> Free Stuff is Good, Actually Description: Took a little longer than expected, the intro took Hobbie a month soz xoxo See every side of every news story with Ground News https://ground.news/unlearningeconomics Support UE: Patreon: https://www.patreon.com/unlearneconomics Other links: Twitter: http://twitter.com/UnlearnEcon Discord: https://discord.com/invite/jy8CNzDsgf Reddit: https://www.reddit.com/r/UnlearningEconomics/ Twitch: https://www.twitch.tv/unlearningeconomics Produced by Hobbie Stuart Music by Hobbie Stuart Animations/Thumbnail by Grim Friberg Artwork by Jacob Cob © 2023 Unlearning Economics Chapters: 0:00 Intro 2:40 Free Stuff for Some, Miniature American Flags for Others 8:50 The 'Free Lunch' of Education 23:17 Universal Healthcare: the Affordable Dream 33:21 Healthcare as Social Insurance 50:13 Universal Based Income 1:07:53 Lumps in the Carpet Thanks to @LuckyBlackCat, @phenomiks, @LackingSaint, and @lonerbox for the quotes! References (in rough order of appearance) Videos used at the start: https://www.youtube.com/watch?v=Ux4zdr_pibE https://youtu.be/jfz2gnyNQ5M https://www.youtube.com/watch?v=qr638pCfPxs https://www.youtube.com/watch?v=TTm6nLteFrQ https://youtu.be/2GklCBvS-eI https://youtu.be/ZzjXpYE2R9M https://www.youtube.com/watch?v=8Ti8RQPh7IE ‘Making Social Spending Work’, Peter Lindert Friedman free lunch video: https://www.youtube.com/watch?v=YmqoCHR14n8 The Role of Government in Education, Milton Friedman ‘A Unified Welfare Analysis of Government Policies’, Hendren and Sprung Keyser Friedman health interview https://www.youtube.com/watch?v=64mr-cjxZfU ‘Rwanda 20 years on: investing in life’, Binagwaho et al ‘Universal Health Care: The Affordable Dream’, Sen ‘The Affordable Care Act After a Decade: Industrial Organization of the Insurance Exchanges’, Handel and Kolstad ‘Adverse Selection and an Individual Mandate: When Theory Meets Practice’, Hackmann et al 2015 Economics Explained video: https://www.youtube.com/watch?v=wMGAt4EC77w ‘Universal social insurance is sound economics’, David Sligar https://westernsydneywonk.wordpress.com/2021/11/01/the-smart-economics-of-middle-class-welfare/ ‘Would a Basic Income Guarantee Reduce the Motivation to Work? An Analysis of Labor Responses in 16 Trial Programs’, Gilbert et al ‘Is There Empirical Evidence on How the Implementation of a Universal Basic Income (UBI) Affects Labour Supply? A Systematic Review’, Paz-Banez et al ‘General Equilibrium Effects of Cash Transfers: Experimental Evidence from Kenya’, Egger et al 2022 ‘Southern Ontario’s Basic Income Experience’ report https://labourstudies.socsci.mcmaster.ca/documents/southern-ontarios-basic-income-experience.pdf Milton Friedman welfare state lecture: https://www.youtube.com/watch?v=1KCHl-GO01o& ‘The End of Policing’, Alex Vitale ‘Creative arts and investing in systems’, Daniel Davies https://crookedtimber.org/2019/01/11/creative-arts-and-investing-in-systems/ ‘The Entrepreneurial State’, Marianna Mazucatto </video> <video> Tips on Becoming an Economist, How I Make My Vids, and More: 100k Q & A Description: Hello everyone! The 100k Q & A is finally here. Thanks to everyone who follows and supports me. Patreon: https://www.patreon.com/unlearneconomics Twitter: http://twitter.com/UnlearnEcon Discord: https://discord.com/invite/jy8CNzDsgf Reddit: https://www.reddit.com/r/UnlearningEconomics/ Twitch: https://www.twitch.tv/unlearningeconomics Produced by Hobbie Stuart Animations by Grim Friberg Artwork by Jacob Cob © 2022 Unlearning Economics I am an academic economist from the UK who has long been critical of the economics profession and how economics is used in public policy. Mostly the channel will cover economics with a critical perspective but I aim to educate people about economics in the process, so I'll try to explain key concepts and ideas along the way. That way, even if you disagree with aspects of the videos you will hopefully learn something from them. Subscribe for more! Yi Wen on China: https://www.stlouisfed.org/dialogue-with-the-fed/chinas-industrial-revolution-past-present-future Yugoslavia references that escaped me: From Illyria towards Capitalism: Did Labour-Management Theory Teach Us Anything about Yugoslavia and Transition in Its Successor States?, Estrin & Uvalic The rise and fall of market socialism in Yugoslavia, Milica Uvalić https://doc-research.org/wp-content/uploads/2019/01/The-rise-and-fall-of-market-socialism-in-Yugoslavia_Download-file.pdf The Yugoslav Model, Robert Nielsen https://whistlinginthewind.org/2013/01/06/the-yugoslav-model/ </video> <video> Thomas Sowell Is Worse Than I Thought Description: Wow, and it's only part one! How long can UE go on for? Secure your privacy with Surfshark! Enter coupon code unlearnecon for an extra 3 months free at https://surfshark.deals/unlearnecon. My Patreon: https://www.patreon.com/unlearneconomics Thanks to @HobbieStuartMusic for the song and introduction! Thanks to my editor @BenFromCanada! Thanks to Grim Friberg and @kosykat7824 for the animations. Thanks to Carolina Alves, @FDSignifire, @Matt_Bruenig, @kosykat7824, and @ThePlainBagel for the quotes. Chapters: 0:00 Intro 12:32 Economics and Scarcity 33:31 I Need a Car Park 54:09 How Markets Work (and Fail) 1:11:23 Market Failures: Monopoly 1:27:16 Central Planning Was Bad, But... 1:33:39 The Emergence of Capitalism 1:57:37 Return of the Polanyi 2:20:30 Markets as Sites of Governance References (in rough order of appearance): https://www.youtube.com/watch?v=mS5WYp5xmvI& https://www.youtube.com/watch?v=WK4M9iJrgto& Knowledge and Decisions, Thomas Sowell Basic Economics, Thomas Sowell Applied Economics, Thomas Sowell Thomas Sowell Is the Left’s Worst Fear, Hannah Gal https://www.lotuseaters.com/thomas-sowell-is-the-lefts-worst-fear-21-02-23 The Wealth of Nations, Adam Smith The Theory of Moral Sentiments, Adam Smith Defining Economics: The Long Road to Acceptance of the Robbins Definition, Backhouse and Medema https://www.youtube.com/watch?v=-1Td8VUcKk0 Dark Emu, Bruce Pascoe Talking to My Daughter About the Economy: A Brief History of Capitalism, Yanis Varoufakis Price Behavior in Ancient Babylon, Peter Temin The Treasures of Alexander the Great, Frank Holt Economic View: The American Middle, Just Getting By, Louis Uchitelle https://archive.md/pAXMV On Human Needs, Kate Soper https://www.youtube.com/watch?v=E1lWk4TCe4U https://www.youtube.com/watch?v=W5hLQLRNXC4 What's wrong with Libertarianism, Jeffrey Friedman The Hidden Costs of Containerization, Amir Khafagy https://prospect.org/economy/hidden-costs-of-containerization/ Marc Levinson on Odd Lots: https://podcasts.apple.com/us/podcast/why-the-cost-of-shipping-goods-from-china-is/id1056200096?i=1000505632821 The Inflation-Fighting Bill You Don’t Know About, David Dyen https://prospect.org/economy/inflation-fighting-bill-you-dont-know-about/ Blame Government, Not COVID-19, for Supply Chain Collapse, Peter St. Onge https://www.heritage.org/transportation/commentary/blame-government-not-covid-19-supply-chain-collapse We Were Warned About the Ports, Alexander Sammon https://prospect.org/economy/we-were-warned-about-the-ports/ Container ship crashes in Suez Canal, Telegraph https://www.telegraph.co.uk/business/2023/12/06/ftse-100-markets-latest-news-boe-sustainability-report-live/ The turning point: revitalizing the Soviet economy, Schmelev and Popov https://www.youtube.com/watch?v=bOMksnSaAJ4& The Great Transformation, Karl Polanyi Why We Need the Welfare State, Matt Bruenig https://www.peoplespolicyproject.org/2022/02/18/why-we-need-the-welfare-state/ The Commanding Heights: The Battle Between Government and the Marketplace That Is Remaking the Modern World, Yergin and Stainslaw The triumph of Thomas Sowell, John Steele Gordon The Globalisation Paradix, Dani Rodrik https://www.bbc.co.uk/news/world-latin-america-67678276 Odd Borders Appear in Russia As Regions Face Poor Harvests, Andrew Higgins https://www.wsj.com/articles/SB908424358931242500 Russian Farmland Withers on the Vin, Frank Viviano https://www.sfgate.com/news/article/russian-farmland-withers-on-the-vine-politics-2984543.php https://www.youtube.com/watch?v=R4BelDrWWt0& https://www.tiktok.com/@planetmoney/video/6827093247538646278?lang=en Antitrust as allocator of coordination rights, Sanjukta Paul Competition Law as Collective Bargaining Law, Tankus and Herrine Economics: A User’s Guide, Ha-Joon Chang </video> <video> Worker Democracy Description: An overview of the evidence surrounding worker democracy. In summary: it's good, but far from perfect. Hope you enjoy the video and the new animations. Chapters: 0:00 Intro 2:21 What is Worker Democracy? 8:45 Myths and Realities 17:37 A Critical Appraisal 29:08 Good for Workers 38:56 Defending Worker Democracy 51:18 Conclusion Those beautiful voices you are hearing are @Saint Andrewism , @Zoe Bee , and @JohntheDuncan My Patreon: https://www.patreon.com/unlearneconomics My Twitter: http://twitter.com/UnlearnEcon The Discord: https://discord.com/invite/jy8CNzDsgf Reddit: https://www.reddit.com/r/UnlearningEconomics/ Produced by Hobbie Stuart Animations by Grim Friberg Artwork by Jacob Cob © 2021 Unlearning Economics I am an academic economist from the UK who has long been critical of the economics profession and how economics is used in public policy. Mostly the channel will cover economics with a critical perspective but I aim to educate people about economics in the process, so I'll try to explain key concepts and ideas along the way. That way, even if you disagree with aspects of the videos you will hopefully learn something from them. Subscribe for more! References (in rough order of appearance): Productivity in cooperatives and worker-owned enterprises, Logue & Yates Equality Under Threat by The Talented: Evidence From Worker-Managed Firms, Burdín Do Broad-based Employee Ownership, Profit Sharing and Stock Options Help the Best Firms Do Even Better?, Blasi et al The empirical performance of orthodox models of the firm: Conventional firms and worker cooperatives, Pencavel & Craig Wages, Employment, And Capital in Capitalist and Worker-Owned Firms, Pencavel et al New evidence on wages and employment in worker cooperatives compared with capitalist firms, Burdín & Dean Employee Vs. Conventionally Owned and Controlled Firms: An Experimental Analysis, Frohlich et al Workplace Democracy in the Lab, Mellizo et al Do cooperative enterprises create social trust?, Sabatini et al Survival Rate of Co-operatives in Québec, OCA Co-op Survival Rates in Alberta, Stringham & Lee Co-op Survival Rates in British Columbia, Murray The Relative Survival of Worker Cooperatives and Barriers to Their Creation, Olsen Scale, Scope and Survival: A Comparison of Cooperative and Capitalist Modes of Production, Monteiro & Stewart Productivity, Capital and Labor in Labor-Managed and Conventional Firms, FakhFakh et al Are Cooperatives More Productive Than Investor-Owned Firms? Cross-Industry Evidence From Portugal, Monteiro & Straume Shadow price of capital and the Furubotn–Pejovich effect: Some empirical evidence for Italian wine cooperatives, Maietta & Sena Trust, Inequality and The Size of The Co-Operative Sector: Cross-Country Evidence, Jones & Kalmi Shared Capitalism at Work: Employee Ownership, Profit and Gain Sharing, and Broad-based Stock Options, Kruse et al Analysing the Values and Limitations of Cooperative Firms, Rose Wrist https://docs.google.com/document/d/1ScS39TWXcPkGOpek4tAfp0rAD5usbwIA05pbqVQdO6g/edit Full Undercover Boss episode: https://www.youtube.com/watch?v=WXK3czablWY The Use of Knowledge in Society, Hayek Seeing Like a State, Scott Worker Cooperatives: Good, Sustainable Jobs in the Community, Pérotin The Italian Region Where Co-ops Produce a Third of Its GDP: https://www.yesmagazine.org/economy/2016/07/05/the-italian-place-where-co-ops-drive-the-economy-and-most-people-are-members The Marcora Law Supporting Worker Buyouts for Thirty Years, International Cooperative Alliance https://www.ica.coop/en/media/news/marcora-law-supporting-worker-buyouts-thirty-years Second Thought’s video: https://www.youtube.com/watch?v=QG0FhpGdFwc&list=WL&index=3&t=489s&ab_channel=SecondThought Lonerbox’s video: https://www.youtube.com/watch?v=z7n52oyRUVI Worker Cooperatives: Pathways to Scale, Abell Employee ownership and firm performance: a meta-analysis, Boyle et al Employee Stock Ownership, Involvement, And Productivity: An Interaction-Based Approach, Pendleton & Robinson Employees to be handed stake in firms under Labour plan: https://www.theguardian.com/politics/2018/sep/23/labour-private-sector-employee-ownership-plan-john-mcdonnell?utm_source=pocket_mylist What do we really know about worker co-operatives?, Pérotin Evaluating Workplace Democracy in Mondragon, Christiansen Spanish CEO to worker pay: https://www.statista.com/statistics/424159/pay-gap-between-ceos-and-average-workers-in-world-by-country/ Board-level employee representation rights in Europe: Facts and trends, Conchon Labor in the Boardroom, Jäger et al Voice at Work, Harju et al The Marx Ratio and the Trouble with Coops, Bruenig https://www.peoplespolicyproject.org/2018/05/22/the-marx-ratio-and-the-trouble-with-coops/ From Illyria towards Capitalism: Did Labour-Management Theory Teach Us Anything about Yugoslavia and Transition in Its Successor States?, Estrin & Uvalic Market Entry of Firms with Different Legal Forms, Arando et al </video>

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I am an academic economist from the UK who has long been critical of the economics profession and how economics is used in public policy. Mostly the channel will cover economics with a critical perspective but I aim to educate people about economics in the process, so I'll try to explain key concepts and ideas along the way. That way, even if you disagree with aspects of the videos you will hopefully learn something from them. I am interested in more than just economics and will likely do videos covering other topics such as statistics and politics.

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