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1 year ago
Monday, August 24, 2009
Yoram Bauman on Mankiw's, "Ten Principles of Economics"
For those who wish to see a comedic take on Mankiw's "Ten Principles of Economics," I have linked to Yoram Bauman, the stand-up economist. Yes, he does have a Ph.D. The video is a little over five minutes.
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This is a very humorous approach to the Ten Principles of Econimics, however in some ways true. As in Principle number 2) The cost of something is what you give up to get it. Bauman states he would translate this into: Choices are really bad, I would have to agree. No matter what choice you have in economics, either is going to cost you whether you like the price or not. So , in short, choices are costly.
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