PickVidsBest Microeconomics & behavioral economics Videos
The 85 Microeconomics & behavioral economics videos here were recommended by different people across different months. Choose by who it is for: 8 introductory, 2 intermediate, 75 for a general viewer, and 0 for someone who wants the harder derivation. Most of them are an explainer. What they share is that one picture or analogy is used to supply a missing concept. Channels you will keep seeing include LibertyPen, TED, Free To Choose Network.
The dirty secret of capitalism -- and a new way forward | Nick Hanauer
A TED talk by entrepreneur Nick Hanauer arguing that decades of 'greed is good' economic theory drove inequality and instability.
RSA ANIMATE: The Truth About Dishonesty
An RSA Animate adaptation of a Dan Ariely lecture on dishonesty.
Martin Shkreli on Drug Price Hikes and Playing the World’s Villain
A VICE interview with Martin Shkreli about the 5000 percent price hike on a drug for AIDS-related infections and his role as the world's villain.
Milton Friedman - Illegal Immigration - PT 1
A short clip of economist Milton Friedman discussing the dynamics of illegal immigration and its relationship with the welfare state.
Milton Friedman - I, Pencil
A two-minute clip in which Milton Friedman uses a humble pencil to show how thousands of strangers across many countries cooperate, without central direction, to make a simple product.
Milton Friedman - Who Benefits From Licensing?
A short clip of Milton Friedman explaining who benefits from occupational licensing requirements, arguing they mainly protect practitioners from competition.
Adam Ruins Everything - The Real Reason Hospitals Are So Expensive | truTV
An Adam Ruins Everything comedy segment on why US hospitals are so expensive, covering opaque price lists, surprise bills and penalties for the uninsured.
Milton Friedman - Redistribution of Wealth
A short clip of Milton Friedman clearing up misconceptions about redistribution of wealth and inheritance tax, arguing that a heavy inheritance tax encourages wasteful behavior.
Power of the Market - The Pencil
A three-minute excerpt from Milton Friedman's Free to Choose in which he uses a pencil to show that no single person knows how to make it.
Giving birth costs a lot. Hospitals won't tell you how much.
A Vox reporter tries to learn what his son's birth would cost before it happens and fails, showing how opaque US hospital pricing is even for the most common procedure.
Thomas Sowell: affirmative action creates academic failure & resentment
An excerpt of a C-SPAN interview in which Thomas Sowell argues that preferential admission policies produce mismatch, dropouts and resentment.
The Art Market is a Scam (And Rich People Run It)
A Wendover Productions video on how the art market works, arguing that prices are driven by wealth, storage and tax mechanics rather than artistic value.
Milton Friedman - Case Against Equal Pay for Equal Work
A short clip of Milton Friedman arguing with students that equal pay laws are counterproductive, and that markets penalize discrimination because cheaper equally productive workers are an advantage to hire.
Milton Friedman justifies not recalling the ford pinto
A clip of Milton Friedman answering an audience member about Ford's decision not to recall the Pinto, in which he defends weighing safety costs against benefits.
Richard Wolff: Marxism and Communism | Lex Fridman Podcast #295
Lex Fridman interviews economist Richard Wolff, a Marxist, about Marxism, communism, capitalism and worker cooperatives.
Making Money Flow: The MONIAC
A short demonstration of the MONIAC, Bill Phillips' hydro-mechanical economic computer, at the Reserve Bank of New Zealand museum.
MMO Economies - Hyperinflation, Reserve Currencies & You! - Extra Credits
An Extra Credits episode on how MMO economies get overrun by inflation when players can mint unlimited gold by killing monsters.
This clock was famous, but the internet ruined it.
Tom Scott explains the famous Dutch flower auction clock at Royal FloraHolland in Aalsmeer, a literal Dutch auction, and how the internet changed it.
How Much Is a Human Worth? (according to engineers)
Practical Engineering explains how engineers and agencies put a dollar value on a human life to weigh cost against safety.
Prof. Timur Kuran on "The Portal", Episode #004: "The Economics of Revolution and Mass Deception."
Eric Weinstein interviews economist Timur Kuran on The Portal about preference falsification and how societies where people hide their real views can tip into revolutions.
Capuchin monkey fairness experiment
A one-minute clip from Frans de Waal's TED talk showing two capuchin monkeys given unequal rewards (cucumber versus grape) for the same task.
Milton Friedman on the free-market case for taxing pollution
A two-minute clip from a 1979 Phil Donahue interview in which Milton Friedman makes the free-market case for taxing pollution.
The high cost of free parking
A Vox explainer on how mandatory parking minimums and free parking impose hidden costs on cities.
What Happened When This City Banned Housing Investors
Oh The Urbanity!