I am majoring in political science at Rutgers University and I wanted to thank you for making this course so easily accessible. Thank you for sharing your knowledge. It is very insightful and interesting.
I'm just glad to know that even college professors still get those awkward pauses when none of the kids know the answer. This makes applying to college a bit less stressful for me.
love it! The professor is an excellent communicator very simple and comprehensive. A lot of academicians make it very complicated this is my comment being an LSE alumni
wonderful you are the great, I want to say you many many thanks for such an informative lecture. you give me the clear concepts of international political economy, the relations b/w politics and economies. I`m Ali from pakistan
wow. Sir, The way you explained just solved my bigger myth.. Thankyou so much for making it so easy and please please keep uploading his lectures. Respect!!
So your 15 now? Well I hope your still interested cause we're gonna need all the you ger generations to step up into these careers and take control of our future.
@@redneckedhippy4859 Im 16 and I also show intrested in economocics. We have it in school right now, so these video help me understand these topics much better. Greetings from Germany
7:21 that does not follow from that. following from that logic would be to continuesly employ ppl in areas where we are pretty certain that the produced commodity will be used in the future (railways, houses, even pencils). creating (potential) prosperity for the future while circulating the money and strenghening the economy. this is also perfectly in line with what keynesian economics or the MMT would prescribe BUT would obviously lend itself even more to a planned economy
Michael Curtis "Mike" Munger is an economist and a former chair of the political science department at Duke University, where he continues to teach political science, public policy, and economics. He is a prolific writer, and his book Analyzing Policy: Choices, Conflicts, and Practices is now a standard work in the field of policy analysis. In 2008 he was the Libertarian candidate for Governor of North Carolina.
Obtained my Bachelor's Degree in Psychology and my Juris Doctor Degree. I've always hated my Economics subjects, that is, until I wrote my thesis for law school. I had a hard time defending the "policy" I created until a friend of mine who majored in Political Economy fixed everything that was wrong and lacking in my policy. Now I want to study PE too.
Another excellent book I would recommend is “Winner Take All Politics” by Jacob Hacker and Paul Pierson, economists from Cornel I think. This book has facts and data about political economy. But I’m reading everything this video recommends too.
A fair question is whether the stock market is governed by any fundamentals other than the greater fool theory. Is is not amazing that people purchase shares of stock in companies that do not distribute dividends to shareholders out of profits. How is it that the corporate executives receives huge bonuses when companies are experiencing losses and, often, declining "market" value of the company's shares of stock.
@@waynelast1685 For my money, the best book on the subject was written by the American Henry George, "The Science of Political Economy," published in 1898.
Thank you for the course . I believe it’s a big benefit for mankind. We need to understand before we can repair. I will watch all the videos now. I will research more but I disagree with and don’t understand why you would say consumers don’t want competition. I think they want fair , not abusive, practices.....EDIT ... I watched again and think you say PRODUCERS don't want competition? Anyone feel free to correct me.
conflicting material class could be never ended and issued a nightmare of all technology student. a counseling of reconciliation between father and son should be polite in a practice of this political method.
This was very informative as a first year polisci student, but the point about Keynesian economic theory being a manifestation of the broken window fallacy doesn't make total sense to me. The way I understand it, Keynesian theory is a framework to respond to crisis, not necessarily a vehicle to create crisis to drive responses. Is the lecturer insinuating that Keynesian theory encourages crisis to trigger government response? Because I would argue that doesn't fit the broader Keynesian philosophy, which just states that government intervention in the economy should be malleable based on current circumstances.
The Fifth Element. Yes, that silly action movie. It's actually a very, very well done movie but that's besides the point. There is a scene in which the antagonist makes the broken window parable, albeit with a broken highball glass cup. Evil is often the foolishness you do when you look too closely, and do not see what is around you.
8:10 hasn't he just proven that it doesn't matter if the window is broken or not? Nonetheless, the shopkeeper is going to be spending money which creates income opportunity to the person receiving the payment. I must have missed something here. At the end he made it seem like the second scenario is better than the first, when there is no difference from my perspective.
I thought the same thing! They seem to cancel one another out because either way, money is spent and jobs are created. The only benefit to the second scenario is that the shopkeeper doesn’t have to deal with the stress of a broken window. Then again, destruction is never a good thing, so it does make sense what the man in the video was saying. You can still spend money and create jobs without breaking the window.
Thanks for asking that question. Right now, only the outlines and further readings are available online here - sites.duke.edu/intrope/ But offering the slides on that website may be a good idea too, thanks for the suggestion, stay tuned...,
So if it's socially destructive not to destruct individual property, you can make the argument that not destroying property is morally corrupt and selfish.
Your claim at the end is that one action consumers want is to create and protect monopolies? That is not my understanding and I have to disagree strongly. Consumers know the benefits of competition but want a fair playing field. Your other points in the video are very good however.
So Duke is calling this Political Science, yet the professor has a slide up saying Intro to Political Economy….. well the field of Economics was ORIGINALLY Political Economy ….. so is this Econ 101 then?
The plus or minus the window is the difference. Without the broken window, there is no need to fix it, therefore saving the individual the time and resources to replace it. This allows those funds to be allocated elsewhere.
You can recycle, rebuilt, construct without destrution, when the glass has no utility chamge it the place, recycle, but no need destroy utilities which has no way to recycle, but a plastic bottle you can melty to make more plastic, you right we gain nothing with intentionally destruction but we can find a way to serve society constructing, recycle, changing, reparing and so so cheap products no longer has long life of using so learn how to recycle them, export to countries which needs, such as eletronics, what they give away in USA they use in Africa.
This is the outcome of combining captivating material with a captivating speaker. Love it!
please can I get your email?
Ty for this.
I could never afford university and to be able to sit in on lectures like these is an incredible thing.
Thank you
i like your initiative and wish you the best in this life sir!
I am majoring in political science at Rutgers University and I wanted to thank you for making this course so easily accessible.
Thank you for sharing your knowledge. It is very insightful and interesting.
Hi
Majoring in political science lol
The last few words and the drama with which the lecture ended just convinced me to watch all the other ones :D
Same, I'm so captivated now 😂
I'm just glad to know that even college professors still get those awkward pauses when none of the kids know the answer. This makes applying to college a bit less stressful for me.
I'm a senior, honors econ major at University of Michigan and this was captivating, new information for me. Thank you.
Awesome to see Michael Munger somewhere else than EconTalk. He is such a good teacher
love it! The professor is an excellent communicator very simple and comprehensive. A lot of academicians make it very complicated this is my comment being an LSE alumni
Thank you for sharing this lecture!
He’s drinking mountain dew
how insightful of you
DIET Mt. Dew!
Sweetened by high fructose corn syrup 😅
🤣 product placement
wonderful you are the great, I want to say you many many thanks for such an informative lecture.
you give me the clear concepts of international political economy, the relations b/w politics and economies.
I`m Ali from pakistan
wow. Sir, The way you explained just solved my bigger myth.. Thankyou so much for making it so easy and please please keep uploading his lectures. Respect!!
A charismatic way of lecturing embellished with humour and wit... Nice voice tone...
just a normal 13 year old whos interested in economics
So your 15 now? Well I hope your still interested cause we're gonna need all the you ger generations to step up into these careers and take control of our future.
@@redneckedhippy4859im 17 and am very interested in political economy. we are not all complacent, blue haired losers. there is hope. :)
@@redneckedhippy4859 Im 16 and I also show intrested in economocics. We have it in school right now, so these video help me understand these topics much better. Greetings from Germany
Yes !! And I think that too, otherwise I wouldn’t be here 😁
Great course and teacher ! 👍👌
i love your free courses
7:21 that does not follow from that. following from that logic would be to continuesly employ ppl in areas where we are pretty certain that the produced commodity will be used in the future (railways, houses, even pencils). creating (potential) prosperity for the future while circulating the money and strenghening the economy. this is also perfectly in line with what keynesian economics or the MMT would prescribe BUT would obviously lend itself even more to a planned economy
12:55 yes its absurd. still happens with food and water tho..
Nice Lecture
That ending was too 🔥🔥
Amazing Professor, great material, simple and fun.
Michael Curtis "Mike" Munger is an economist and a former chair of the political science department at Duke University, where he continues to teach political science, public policy, and economics. He is a prolific writer, and his book Analyzing Policy: Choices, Conflicts, and Practices is now a standard work in the field of policy analysis. In 2008 he was the Libertarian candidate for Governor of North Carolina.
this is a great eye opener into IPE
Hey it's a nice initiative
I am from India please do upload more videos of all the subjects. It really helps students all across the globe.
Amazing
Best lecturer
Brilliant!
Obtained my Bachelor's Degree in Psychology and my Juris Doctor Degree. I've always hated my Economics subjects, that is, until I wrote my thesis for law school. I had a hard time defending the "policy" I created until a friend of mine who majored in Political Economy fixed everything that was wrong and lacking in my policy. Now I want to study PE too.
Thank you for making this lecture available.
Thank you for this knowledge, just re watching the series
I'm an Australian student. I now want to come to Duke!
Another excellent book I would recommend is “Winner Take All Politics” by Jacob Hacker and Paul Pierson, economists from Cornel I think. This book has facts and data about political economy. But I’m reading everything this video recommends too.
A fair question is whether the stock market is governed by any fundamentals other than the greater fool theory. Is is not amazing that people purchase shares of stock in companies that do not distribute dividends to shareholders out of profits. How is it that the corporate executives receives huge bonuses when companies are experiencing losses and, often, declining "market" value of the company's shares of stock.
Edward Dodson Abusive Capitalism, that’s why. People with power control regulations and the media. That’s what this course is about, I hope.
@@waynelast1685 For my money, the best book on the subject was written by the American Henry George, "The Science of Political Economy," published in 1898.
@@nthperson I’ll check it out. Another book is “Winner Take All Politics” by Hacker and Pierson
Thank you for the course . I believe it’s a big benefit for mankind. We need to understand before we can repair. I will watch all the videos now. I will research more but I disagree with and don’t understand why you would say consumers don’t want competition. I think they want fair , not abusive, practices.....EDIT ... I watched again and think you say PRODUCERS don't want competition? Anyone feel free to correct me.
i don't mean to digress from the main point but i love the intro beat fr
I am a science student, but have strong love for politics!
I want lean faculty political and economic but i need online becouse i am working please help me
I have been introduced to this course, how can I excel in it🤔
conflicting material class could be never ended and issued a nightmare of all technology student. a counseling of reconciliation between father and son should be polite in a practice of this political method.
Can we talk about the political and economic state of the world
When we destroy resources we are worse off than preserving stuff . Pretty straightforward.
How about natural capital ? Natural resources.
Thanks
When you offer some product make adiction on the consumers they keep buying without a purpuse.
This was very informative as a first year polisci student, but the point about Keynesian economic theory being a manifestation of the broken window fallacy doesn't make total sense to me. The way I understand it, Keynesian theory is a framework to respond to crisis, not necessarily a vehicle to create crisis to drive responses. Is the lecturer insinuating that Keynesian theory encourages crisis to trigger government response? Because I would argue that doesn't fit the broader Keynesian philosophy, which just states that government intervention in the economy should be malleable based on current circumstances.
Is there any caption of this lecture?
Let's see if I can transfer next fall!
7:22 lmao, this is quite literally *exactly* what the United States military and American contractors did in Iraq.
The Fifth Element. Yes, that silly action movie. It's actually a very, very well done movie but that's besides the point. There is a scene in which the antagonist makes the broken window parable, albeit with a broken highball glass cup. Evil is often the foolishness you do when you look too closely, and do not see what is around you.
8:10 hasn't he just proven that it doesn't matter if the window is broken or not? Nonetheless, the shopkeeper is going to be spending money which creates income opportunity to the person receiving the payment. I must have missed something here. At the end he made it seem like the second scenario is better than the first, when there is no difference from my perspective.
I thought the same thing! They seem to cancel one another out because either way, money is spent and jobs are created. The only benefit to the second scenario is that the shopkeeper doesn’t have to deal with the stress of a broken window.
Then again, destruction is never a good thing, so it does make sense what the man in the video was saying. You can still spend money and create jobs without breaking the window.
Hi, thanks for posting these! where can I get the slides for these lectures?
Thanks for asking that question. Right now, only the outlines and further readings are available online here - sites.duke.edu/intrope/
But offering the slides on that website may be a good idea too, thanks for the suggestion, stay tuned...,
Thanks! I think these are really high-quality lectures. Having the slides would be immensely helpful!
So if it's socially destructive not to destruct individual property, you can make the argument that not destroying property is morally corrupt and selfish.
Please I'm O level certificate holder from Nigeria 🇳🇬. I'm looking for abroad scholarship educational scheme to further my education🙏.
destruction create prosperity for the one planning it, it is not a fallacy for them.
Give me an octopus and a feather and I can make you a pen, though.
That's Ferdinand!
Your claim at the end is that one action consumers want is to create and protect monopolies? That is not my understanding and I have to disagree strongly. Consumers know the benefits of competition but want a fair playing field. Your other points in the video are very good however.
Very super dear all great thanks 👁️👁️🥬✍️🥦🍎🍍🌼🌼🌼🌼👆
name of the lecturer, please?
Dr. Michael Munger
Damn, tough crowd huh?
My man's got salsman in his name, he ought to be selling it.
Who here is majoring in PE at Berkeley, not sure what this major is even so they're here trying to learn more?....just me?
So Duke is calling this Political Science, yet the professor has a slide up saying Intro to Political Economy….. well the field of Economics was ORIGINALLY Political Economy ….. so is this Econ 101 then?
🙏🌻🌼🎓✍️
Respect the diet mountain dew
the broken window fallacy...lol...both outcomes are the same...minus or plus a window
The plus or minus the window is the difference. Without the broken window, there is no need to fix it, therefore saving the individual the time and resources to replace it. This allows those funds to be allocated elsewhere.
Garcia David Martinez Donna Garcia Steven
You can recycle, rebuilt, construct without destrution, when the glass has no utility chamge it the place, recycle, but no need destroy utilities which has no way to recycle, but a plastic bottle you can melty to make more plastic, you right we gain nothing with intentionally destruction but we can find a way to serve society constructing, recycle, changing, reparing and so so cheap products no longer has long life of using so learn how to recycle them, export to countries which needs, such as eletronics, what they give away in USA they use in Africa.
🖒👍👏👌
as one Russian analitic said
politics is economics smeared in shit
do the dew
Pepsi!
🙏🙏🙏🙏🙏🙏🙏🙏🌻🌻🌻🌻🌼🌼🌼🌼🌼🌼🥦🥦🥬🥬🌈👌👆
are u teaching university students or 5 year olds? that was quite boring...
Please I'm O level certificate holder from Nigeria 🇳🇬. I'm looking for abroad scholarship educational scheme to further my education🙏.
🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🍎🍍🌼🌼🌼🌼🌼🥦🥦🍏🥬🍎🌈🌻👌
🙏🍎🍒🍇🌈🥔🥕🍑🍊🍏🍏🥦🥦🥬🍐🥭🥭🍆🌶️🍈🍅🍑🍈🍅🍅🍎🍎🍎🍎🍎🍎🍎🍎🍎🥬🥬🥦🥦🍏🍏🍍🍍🍅🌼🌼🍓🍓🍌👁️👁️👁️🥬👈