Monetary Circuit Theory explains Singapore quite well. In MCT/MMT when the government provides affordable controlled rent housing, universal healthcare and universal education, then the level of private debt is reduced, and in MCT/MMT that means credit money gets a lot more done before there is a debt crisis.
Can't believe people need to comment on his accent. I didn't have trouble at all understanding everything he said. Didn't even notice the idiosyncrasies. You should try listening to Slavok Zizek deliver a lecture - yet few comment on his accent because it would be petty and pointless. Just be grateful it's in English and not Korean!
I find it hard to believe that there are people interested in economics that don't find it a waste of time to bitch about this guy's dialect. Admit it, it's finally nice to hear an economist without an English accent. If I have to hear about "Call Mox" one more time...
" ..and it is entirely possible for people who are not professional economists to have to sound judgment on economic issues, and sometimes their judgments are even better than professional economists because they may be more grounded in reality and less narrowly focused. I'll go one step further and argue that the willingness on the part of ordinary citizens to challenge professional economists and other experts is a foundation of democracy." Nice one Mr Chang. Check this out: thesovereigneconomy.home.blog
The most common sense place to begin is to simply define "The economy." It's the means by which we get stuff people need and want to them. The word "economic" implies a form of efficiency. Instead of looking at economics through a limited lens or (as Mr. Change suggests) multiple limited lenses, we should simply seek to understand the most efficient ways of fairly distributing resources. While I don't agree with all its tenants, at least the Resource Based Economy theory is attempting to do this.
More Experts and good speakers are badly needed to explain the Non monetary, resource based economic system being advocated by the Zeitgeist movement and the Venus project.
The renown professor providing amazing speech and couch potatos trying to judge with his accent Do you think you know better English then the lecturer ? I think not
The substitles and transcript are incomprehensible, especially for people whose first language is not English. In order to understand accurate issues, understandable language would be a plus!
I can understand him just fine. I think he speaks perfect English, perhaps better than those with English as their mother tongue. Maybe if you try to focus on what he's trying to say instead of his accent, you'll understand better.
I find him understandable. BTW what subtitles? I can't see no subtitles. Often I have a problem understanding Orientals, especially the Chinese. I know he's Korean. You just have to tune your ear in to his accent.
William Wilde Found the transcript button. It's not brilliant. It translated "great deals" as "green beans", and It translated "dominant school of economics" as "Dumanis groovy climax".
Because they charge unfair fares. Which makes them sort of gangster like but he is over generalising though, surely not all the taxi owners in SA are charge unfairly.
I disagree with him only in the point that there are specialists that are rooted in things whose findings or assertions or papers that can be countered with other papers based on DATA and/or were capable of making pinpoint predictions or good model of the past.
To most people economics is tabooed just like sex. They can talk about it but only superficially. Its too important, raw and life-impacting to be discussed calmly, honestly and openly. Economics, if it were a science, would be first, most complex and greatest science of all. It would encompass all other sciences.
Explain what you mean. I'm currently studying economics and have been for a few semesters, I think this man is brilliant and most of my dumb "classmates" would do well to listen to him.
Fantastic lecture on the studies of Economics, but I wish he keeps his Idiosyncrasies to himself. If you notice sometimes at the end of his sentences he says "yeah".
you're very well-spoken, but please, please please, work on a more neutral english accent. your knowledge gets lost in the translation when you're difficult to listen to.
The world needs more Ha Joon Chang's. Excellent!
Ha Joon Chang's writing is wonderful. He's the best writer I've encountered in years.
'95% of economics is common sense' Ha Joon Chang tells us what we need to know about economics
Monetary Circuit Theory explains Singapore quite well. In MCT/MMT when the government provides affordable controlled rent housing, universal healthcare and universal education, then the level of private debt is reduced, and in MCT/MMT that means credit money gets a lot more done before there is a debt crisis.
Can't believe people need to comment on his accent. I didn't have trouble at all understanding everything he said. Didn't even notice the idiosyncrasies. You should try listening to Slavok Zizek deliver a lecture - yet few comment on his accent because it would be petty and pointless. Just be grateful it's in English and not Korean!
yes the world doesn't revolve around english speakers!
Very good talk! Im getting his book.
I find it hard to believe that there are people interested in economics that don't find it a waste of time to bitch about this guy's dialect. Admit it, it's finally nice to hear an economist without an English accent. If I have to hear about "Call Mox" one more time...
Brilliant! Thanks a lot!
I like his accent, yeah.
" ..and it is entirely possible for people who are not professional economists to have to sound judgment on economic issues, and sometimes their judgments are even better than professional economists because they may be more grounded in reality and less narrowly focused. I'll go one step further and argue that the willingness on the part of ordinary citizens to challenge professional economists and other experts is a foundation of democracy." Nice one Mr Chang. Check this out: thesovereigneconomy.home.blog
2019. Thank you sir.
The last sentence is the one you're looking for.
The most common sense place to begin is to simply define "The economy."
It's the means by which we get stuff people need and want to them. The word "economic" implies a form of efficiency.
Instead of looking at economics through a limited lens or (as Mr. Change suggests) multiple limited lenses, we should simply seek to understand the most efficient ways of fairly distributing resources.
While I don't agree with all its tenants, at least the Resource Based Economy theory is attempting to do this.
More Experts and good speakers are badly needed to explain the Non monetary, resource based economic system being advocated by the Zeitgeist movement and the Venus project.
Genius.
Resource based economy.
The renown professor providing amazing speech and couch potatos trying to judge with his accent
Do you think you know better English then the lecturer ? I think not
In this lecture, he is duplicating the most parts of contents of the lecture on Economics addressed to Seouletes at Seoul Metropolitan Liabray
yep true, i just watched that one and the intro is the same haha
Do you have a link to that? (I speak Korean)
The substitles and transcript are incomprehensible, especially for people whose first language is not English. In order to understand accurate issues, understandable language would be a plus!
I can understand him just fine. I think he speaks perfect English, perhaps better than those with English as their mother tongue. Maybe if you try to focus on what he's trying to say instead of his accent, you'll understand better.
brianryu87 It's also because I want to copy and save the transcript in Word. The text is unusable.
I find him understandable. BTW what subtitles? I can't see no subtitles. Often I have a problem understanding Orientals, especially the Chinese. I know he's Korean. You just have to tune your ear in to his accent.
William Wilde
Found the transcript button. It's not brilliant. It translated "great deals" as "green beans", and It translated "dominant school of economics" as "Dumanis groovy climax".
Kevin Varney Indeed, that's what I meant.
ha ha ha...he just called taxi owners in SA, gangsters.
Because they charge unfair fares. Which makes them sort of gangster like but he is over generalising though, surely not all the taxi owners in SA are charge unfairly.
Chang is referring to the combi (minibus) taxis, the vast majority controlled by rival cartels.
I disagree with him only in the point that there are specialists that are rooted in things whose findings or assertions or papers that can be countered with other papers based on DATA and/or were capable of making pinpoint predictions or good model of the past.
To most people economics is tabooed just like sex. They can talk about it but only superficially. Its too important, raw and life-impacting to be discussed calmly, honestly and openly.
Economics, if it were a science, would be first, most complex and greatest science of all. It would encompass all other sciences.
why does he always say a silent faded you know at the end of every sentences aahahaha ohh ha joon
ha ha ha....he just ca
Sounds more like a philosophical sociologist than an economist.
this guy fights a valiant battle with a strawman and even then he loses by choking on the straws...
Explain what you mean. I'm currently studying economics and have been for a few semesters, I think this man is brilliant and most of my dumb "classmates" would do well to listen to him.
crickets
Fantastic lecture on the studies of Economics, but I wish he keeps his Idiosyncrasies to himself. If you notice sometimes at the end of his sentences he says "yeah".
I wish he would keep*
idiosyncrasies*
you're very well-spoken, but please, please please, work on a more neutral english accent. your knowledge gets lost in the translation when you're difficult to listen to.