Why is Economics Relevant?
Sure, economics is about making money. But it's really about human behavior in general. In his Great Big Ideas lecture, University of Chicago professor Saul Levmore looks at the origins and tools of economics.
From 2011-2014, Daniel Honan was the Managing Editor at Big Think. Prior to Big Think, Daniel was Vice President of Production for Plum TV, a niche cable network he helped launch in 2002. The production team he oversaw won over two dozen Emmy awards. Daniel has created numerous shows and documentaries for television, and his film credits include Stealing the Fire, a documentary on the black market for nuclear weapons technology.
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Sure, economics is about making money. But it's really about human behavior in general.
In his lecture entitled "Do Not Pass Go, Do Not Collect $200: Monopolies as an Introduction to Economics," part of Floating University's Great Big Ideas course, University of Chicago professor Saul Levmore looks at the origins and tools of economics, using examples like "Why do we download from iTunes?" "Why does a house costs more than a cookie?" and "Why would a King behead his subjects for saving coins?"
Watch the video here:
One of the puzzles Levmore examines in his lecture is the housing bubble.
Watch the video here:
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- The case is still open, and the administration may choose to appeal the ruling.
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