An economist walks into a bar | Robert Litan | TEDxKC

Amazing presentation! It's sad how Economics has a subject is very underrated

And his wallet went into shock shrinkage mode

Economists do like to imagine they contribute more than just making wildly inaccurate forecasts.

And all these 'fantastic' economic theories brought us to the precipice- a complete climate breakdown and human extinction in the next few generations! Bravo!

And he doesn't mention the negative externalities.

Economics is awesome

Yes

nothing interesting

I agree that economists contributed to these successes, but what a nonsensical bit of hyperbole to imply they made these things possible. You talk about deregulation making amazon possible based on economists, but if you are going to use six degrees of separation for everything invented in the world, how about crediting the guy or gal that invented the wheel? Would we have deliveries without it? How about the AI that amazon credits for its success based on shopping cart analysis (IE, other people who liked this also bought that)? How about Priceline? Would we have the internet without electricity? Did economists invent that? How about routing optimization possible from machine learning? Did economists create computers and machine learning? Do I need to continue? You seem desperate to validate yourself or your label as an economist. It's interesting to see how creativity allows one to hunt out a confirmation bias that everything in the world is a result of their profession. Empty, silly, and confirmation of the nonsense that many economists spout. If anything, this confirms my opinion about economists. You need to consult with an attorney to learn how to make a better argument. Wait, you are one of those also? I bet that if it weren't for economists, attorneys would be the next profession for which everything is possible, correct? "Hmmmm, that sounds logical," - Katnip

Traveling Salesman 🛤️VRO 🥃PDP⏳TW 👨🏽‍💻AN 🚧📈

Love this video, amazing!

thank you sir

Wow… that made my day… old ted talks are much much intelligent…

Author, shoot more of these videos. Everything is super

Here are tales of great people applying economics and statistics for massive world changing ventures while here I am applying the same stuff to find the best crops to turn into wines in a farming simulator video game. Lol life is fun

A horse walks into a bar. The bartender says, "why the long face" ?

Thank you economist ...👍👍👍

Not gonna lie, the way he said "I think economists deserve some respect" made me want to pay up some respect

Why is his shirt so darn big

So economists are great at everything but the economy. The question is do economists think about the moral implications of their schema or just the financial implications?

Lol isn't it Okcupid?

If economists ruled the World, it would be a better World. Unfortunately, the World is ruled by politicians.

That works with stimulus and stocks too

I am here to say Thank You on Behalf of Jeff Bezos

The wins in an economist's eyes are losses for the majority. ...outside of online dating of course.

I feel Economists should be or are going to be one of the highly demanded jobs in the internet age.

👏🏾👏🏾👏🏾

[989] ECONOMICS-EE [989]

🙂MANGO EARTHM🙂

I am a economics student. studying for my exam right now
I needed a motivational speech
And this one was the best

I did a Masters in Economics terrific subject very interesting but very hard to get a job exactly in that area.Economists jobs few available . A lot in up in banks etc but not related to Economics

his background is like alexander hamilton but in modern age lol

That’s why too much regulation is bad for business it only benefits one side

So bricks and mortars are gone?.?. Think about that one a few times.

Eeconomic and Social Council

So economist works for Oligarchs... and wants respect?

Economists are smart and intelligent people. Too bad they are not aware of the secondary consequence of their actions which are detrimental to the planet and the ecosystem and society as a whole.

"An economist walks into a bar" Everybody leaves.

"The curious task of economics is to teach a man how little he knows about what he imagines he can design." - Friedrich Hayek

Market capitalism justifies it's existence through artificial scarcity. Then turns around and promotes "infinite consumption" and "infinite economic growth". Automation, technology, and technological unemployment increases production, efficiency, and abundance.

Indirect advertisement for ivies and Stanford (duck kids!)

Yes, economists deserve some respect

Great

William Vickrey from Columbia, not Colombia!

Artificial scarcity is an interesting notion. I would agree that when I introduce a self imposed constraint on how I spend my time, it ends up helping me be way more productive. I used to do this a lot with school work. I would often procrastinate while doing school work so creating a deadline for how long I would study would provide me a stronger bang for my minute of studying. Cool video and ted talk!

ive said it before: economics=psychology

totaly idiotic.
google is the monopolistic access to the market.
you know nothing about economics. google is selling your marketplace and mine.
you pay for that in products. google forces competition to crazy seo standards. you pay for that too !!
THEN, the government doesnt get all that money.. shareholders get the extortion money.
so You pay AGAIN ! in taxes. Busted.
then they figured out thet can cheat too ! !.. so now you pay a forth time when the buddy buddy networks charges extra !

B O R I N G!!!

Economics (/ɛkəˈnɒmɪks, iːkə-/) is the social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work.

is that why they never get laid?