http://cheaptalk.org/2012/10/08/my-intermediate-micro-videos-efficiency/ A blog about economics, politics and the random interests of forty-something professors Thu, 23 May 2013 17:13:07 +0000 hourly 1 http://wordpress.com/ http://cheaptalk.org/2012/10/08/my-intermediate-micro-videos-efficiency/#comment-18817 Wed, 10 Oct 2012 20:08:14 +0000 http://cheaptalk.org/?p=12199#comment-18817 I know these lectures are designed for an undergrad econ class, but why is there no mention of Hayek’s critique of planning (or Coase’s critique of welfare economics)? Information is too disperse for “social welfare economics” to ever work in practice. After all, who has sufficient information at his disposal to maximize these social welfare functions? My own view is that (outside the classroom) welfare economics is a total waste of time, for the reasons given by Hayek and Coase

]]> http://cheaptalk.org/2012/10/08/my-intermediate-micro-videos-efficiency/#comment-18693 Mon, 08 Oct 2012 19:01:31 +0000 http://cheaptalk.org/?p=12199#comment-18693 Thanks for sharing your videos. Note: you have a typo at about 3:40 “utilitariamism”. Maybe that is your check to see who really watched the video closely?! Would you be willing to share your workflow for creating these videos? They are certainly more polished and professional than many videos put out these days. Thanks again!

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