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2004, 2018

Price Discovery | How prices are determined?

By |April 20th, 2018|Categories: Blog, Films|0 Comments

In our previous videos entitled "The Value of Things" and "Scarce Resources" we have discussed how value is a subjective phenomenon. Two diverse people can estimate value of the same thing very differently. Every [...]

504, 2018

Why Can’t We Have Everything We Want? | Scarcity & Choice

By |April 5th, 2018|Categories: Blog, Films|0 Comments

We live in a world of scarcity. This fact is beyond question. Our time, land, and work are scarce. Producer and consumer goods are scarce as well. Human needs, however, are limitless. Economics studies [...]

1303, 2018

Housing bubble and the great recession

By |March 13th, 2018|Categories: Blog, Films|0 Comments

Without a question we can all remember the financial crisis of 2007–2008. Perhaps you learned of its effects the hard way. The media told us that greed and excessive risk were responsible. Some economists, [...]

1902, 2018

The Great Depression | What Caused It?

By |February 19th, 2018|Categories: Blog, Films|0 Comments

The Great Depression of the 1930s is still considered by many to be a failure of the free market and of the laissez-faire capitalism. At a first glance, it may very well seem so. [...]

1301, 2018

Is legal the same as moral?

By |January 13th, 2018|Categories: Blog, Films|Tags: |0 Comments

Freedom of the market doesn’t imply the absence of law. To the contrary: free market is impossible without good law. Then what function should the law fulfill? If something is legal, then is it [...]

701, 2018

Exports and Imports – Protectionism, Tariffs and Who Benefits From Them

By |January 7th, 2018|Categories: Blog, Films|0 Comments

What do we pay with for the products and services we need? With money, of course. But if we realize that money is merely a medium of exchange, then what do we ultimately pay [...]

1611, 2017

Division of Labor and Free Trade – Comparative advantage

By |November 16th, 2017|Categories: Blog, Films|0 Comments

How hard would it be for one man to live if he had to do everything by himself? Let me rephrase the question. Imagine if the Econ Clips team would fly you [...]

2109, 2017

Where do jobs come from? Employment vs self-employment

By |September 21st, 2017|Categories: Blog, Films|Tags: |0 Comments

Where do jobs come from? Why do all people not just work on their own? Everyone strives to make the most effective use of their resources to meet their needs as [...]

1009, 2017

4 Questions to Ask When Debating Inequality

By |September 10th, 2017|Categories: Blog, Films|Tags: |0 Comments

The change in the presidency is not going to reduce the amount of time and energy people will be spending debating the question of rising inequality. In fact, I would expect to see such [...]

1308, 2017

Is government spending effective?

By |August 13th, 2017|Categories: Blog, Films|0 Comments

Let us start by asserting that the money the government holds is not its own. In general the government does not produce anything, nor create wealth, nor even create jobs. If we are lucky, [...]