kahneman

A Veritasium explainer on how the brain works and how we learn. It is inspired by Kahneman's Thinking, Fast and Slow and covers System 1 and System 2 thinking and why harder learning builds skill.

A rap battle in which John Maynard Keynes and F. A. Hayek debate the causes of boom and bust, stimulus, and bailouts. It was produced by Econstories to teach the two schools of thought.

Wendover Productions explains how airlines make money from different cabin classes and why premium seats matter so much to profits. It also touches on how this shaped decisions such as the decline of supersonic travel.

A Last Week Tonight segment on how tobacco companies sustain profits by pushing sales overseas. It covers suits against countries like Australia over plain packaging through trade-deal arbitration.

John Oliver's Last Week Tonight segment on state lotteries. It argues that the claim that lotteries fund education is misleading, because the money is fungible and often diverted to general funds.

A 1968 Firing Line interview in which Milton Friedman explains the negative income tax, a proposal to replace welfare bureaucracy with direct payments.

Kurzgesagt makes a selfish case for improving the world, arguing that helping people far away raises prosperity and innovation for everyone, including yourself. The animated video frames this as egoistic altruism and positive-sum cooperation.

Veritasium explores planned obsolescence, from the Phoebus lightbulb cartel to printers and phones. It explains how companies deliberately shortened product lifetimes and why products aren't better.

An 11-minute clip of Milton Friedman explaining the incentives of unions and how they affect employment. He argues unions restrict labor supply, raising pay for some workers while hurting low-skill workers.

A 60 Minutes segment on Luxottica, the company that owns most major eyewear brands and retailers and dominates the market. It shows how consolidation of brands and manufacturing affects glasses prices.

A short animated TED-Ed lesson in which two competing ice cream vendors on a beach illustrate why rival shops cluster together. It introduces game theory and the Nash equilibrium through the Hotelling model.

Milton Friedman explains why the US tax code is enormously complex and why meaningful reform is unlikely. He argues that politicians profit from the complexity, since tax breaks are products they sell and the code works as a tool of reward and punishment. The clip is about 14 minutes from his lecture series.

Comedian Dominic Frisby gives a ten-minute explanation of land value tax. He argues it would fix problems of rent-seeking and the economics of land ownership.

An RSA Animate adaptation of a Slavoj Zizek talk on charitable giving and ethical consumerism. It argues that buying products that bundle a charity donation can sustain the system that causes the problems.

FortNine explains the economics of the dealership model, arguing that dealers absorb inventory risk and help manufacturers' finances. It looks at whether cars and motorcycles could be sold more cheaply without them.

Dan Pink's TED talk argues that traditional carrot-and-stick rewards often fail for creative work, drawing on the candle problem and social science research. He points to autonomy, mastery and purpose as better motivators.

Peter Schiff, during his 2010 Senate campaign, argues that government loan programs and subsidies push college tuition up.

A short film from the Competitive Enterprise Institute adapting Leonard Read's 1958 essay I, Pencil, showing how no one person knows how to make a pencil and how many people cooperate without central planning.

Economist-comedian Yoram Bauman delivers a humorous translation of Mankiw's ten principles of economics for the uninitiated. It was presented at the AAAS humor session in 2007.

CityNerd Ray Delahanty explains induced demand and what happens when freeways are widened. He walks through the economics of supply and demand applied to traffic and asks how much new traffic appears and whether congestion returns.

CGP Grey's short animated argument for abolishing the US penny, covering its cost and history.

In a TED talk, behavioral economist Dan Ariely uses visual illusions and his research to show that people are less rational in their decisions than they think. He covers defaults, such as organ donation rates, and how choice framing steers decisions.

Chuck Marohn of Strong Towns explains how a land value tax differs from an ordinary property tax, why it makes economic sense, and why it is rarely used. It is a short six-minute explainer.

John Green explains why the US spends far more on health care than other countries, going through insurers, drug companies, hospitals and lawyers. He argues the causes are complicated rather than a simple blame game.

A TED talk by entrepreneur Nick Hanauer arguing that decades of 'greed is good' economic theory drove inequality and instability. He proposes an economics built on reciprocity and cooperation.

An RSA Animate adaptation of a Dan Ariely lecture on dishonesty. It explores when ordinary people lie or cheat and how they rationalize small acts of dishonesty.

A VICE interview with Martin Shkreli about the 5000 percent price hike on a drug for AIDS-related infections and his role as the world's villain.

A short clip of economist Milton Friedman discussing the dynamics of illegal immigration and its relationship with the welfare state. It is part one of two.

A short clip of Milton Friedman explaining who benefits from occupational licensing requirements, arguing they mainly protect practitioners from competition.

An Adam Ruins Everything comedy segment on why US hospitals are so expensive, covering opaque price lists, surprise bills and penalties for the uninsured.

A short clip of Milton Friedman clearing up misconceptions about redistribution of wealth and inheritance tax, arguing that a heavy inheritance tax encourages wasteful behavior.

A Vox reporter tries to learn what his son's birth would cost before it happens and fails, showing how opaque US hospital pricing is even for the most common procedure.

An excerpt of a C-SPAN interview in which Thomas Sowell argues that preferential admission policies produce mismatch, dropouts and resentment.

A short clip of Milton Friedman arguing with students that equal pay laws are counterproductive, and that markets penalize discrimination because cheaper equally productive workers are an advantage to hire.

A clip of Milton Friedman answering an audience member about Ford's decision not to recall the Pinto, in which he defends weighing safety costs against benefits. The uploader's framing is strongly hostile to Friedman.

A short demonstration of the MONIAC, Bill Phillips' hydro-mechanical economic computer, at the Reserve Bank of New Zealand museum. It shows how water flows model an economy's money flows.

An Extra Credits episode on how MMO economies get overrun by inflation when players can mint unlimited gold by killing monsters. It covers approaches borrowed from real-world economics, such as anchoring or pegging currency, as alternatives to simple gold sinks.

Tom Scott explains the famous Dutch flower auction clock at Royal FloraHolland in Aalsmeer, a literal Dutch auction, and how the internet changed it. It is a short look at how the system worked then and now.

Practical Engineering explains how engineers and agencies put a dollar value on a human life to weigh cost against safety. It covers the legal and regulatory basis for these calculations.

A Vox explainer on how mandatory parking minimums and free parking impose hidden costs on cities. It draws on Donald Shoup's work and gives the history of parking requirements.