Chris
03-21-2012, 11:52 AM
http://www.youtube.com/watch?v=VWju28JneDI&feature=related
He touches on Schumpeter's concept of creative-destruction.
And he raises the similarity with government failure. I think we're in the midst of a government bubble. Greece's defaulting but a pin prick.
Previous Economics is Fun topics...
Part 1: Value (http://thepoliticalforums.com/threads/1879-Economics-is-Fun-Part-1-Value)
Part 2: Price (http://thepoliticalforums.com/threads/1892-Economics-is-Fun-Part-2-Price)
Part 3: Specialization (http://thepoliticalforums.com/threads/1908-Economics-is-Fun-Part-3-Specialization)
Part 4: Trade (http://thepoliticalforums.com/threads/1922-Economics-is-fun-part-4-Trade)
Part 5: Time (http://thepoliticalforums.com/threads/1948-Economics-is-Fun-Part-5-Time)
Part 6: Money (http://thepoliticalforums.com/threads/1982-Economics-is-Fun-Part-6-Money)
Part 7: Middlemen (http://thepoliticalforums.com/threads/2021-Economics-is-Fun-Part-7-Middlemen)
Part 8: Speculators (http://thepoliticalforums.com/threads/2077-Economics-is-Fun-Part-8-Speculators)
Part 9: Joint Enterprise (http://thepoliticalforums.com/threads/2112-Economics-is-Fun-Part-9-Joint-Enterprise)
Part 10: Taxation (http://thepoliticalforums.com/threads/2207-Economics-is-Fun-Part-10-Taxation)
Part 11: Competition (http://thepoliticalforums.com/threads/2238-Economics-is-Fun-Part-11-Competition)
Part 12: Banking (http://thepoliticalforums.com/threads/2281-Economics-is-Fun-Part-12-Banking)
Part 13: International Trade (http://thepoliticalforums.com/threads/2334-Economics-is-Fun-Part-13-International-Trade)
Part 14: Opportunity (http://thepoliticalforums.com/threads/2378-Economics-is-Fun-Part-14-Opportunity)
Part 14: Growth (http://thepoliticalforums.com/threads/2424-Economics-is-Fun-Part-15-Growth)
He touches on Schumpeter's concept of creative-destruction.
And he raises the similarity with government failure. I think we're in the midst of a government bubble. Greece's defaulting but a pin prick.
Previous Economics is Fun topics...
Part 1: Value (http://thepoliticalforums.com/threads/1879-Economics-is-Fun-Part-1-Value)
Part 2: Price (http://thepoliticalforums.com/threads/1892-Economics-is-Fun-Part-2-Price)
Part 3: Specialization (http://thepoliticalforums.com/threads/1908-Economics-is-Fun-Part-3-Specialization)
Part 4: Trade (http://thepoliticalforums.com/threads/1922-Economics-is-fun-part-4-Trade)
Part 5: Time (http://thepoliticalforums.com/threads/1948-Economics-is-Fun-Part-5-Time)
Part 6: Money (http://thepoliticalforums.com/threads/1982-Economics-is-Fun-Part-6-Money)
Part 7: Middlemen (http://thepoliticalforums.com/threads/2021-Economics-is-Fun-Part-7-Middlemen)
Part 8: Speculators (http://thepoliticalforums.com/threads/2077-Economics-is-Fun-Part-8-Speculators)
Part 9: Joint Enterprise (http://thepoliticalforums.com/threads/2112-Economics-is-Fun-Part-9-Joint-Enterprise)
Part 10: Taxation (http://thepoliticalforums.com/threads/2207-Economics-is-Fun-Part-10-Taxation)
Part 11: Competition (http://thepoliticalforums.com/threads/2238-Economics-is-Fun-Part-11-Competition)
Part 12: Banking (http://thepoliticalforums.com/threads/2281-Economics-is-Fun-Part-12-Banking)
Part 13: International Trade (http://thepoliticalforums.com/threads/2334-Economics-is-Fun-Part-13-International-Trade)
Part 14: Opportunity (http://thepoliticalforums.com/threads/2378-Economics-is-Fun-Part-14-Opportunity)
Part 14: Growth (http://thepoliticalforums.com/threads/2424-Economics-is-Fun-Part-15-Growth)