Video: Capital explained in under 10mins!

I’ve just popped up a video where I am to explain what “capital” is, in terms of a factor of production in an economic sense, in under 10 minutes.

The goal was to work out what capital is (and isn’t), to describe the difference between tangible and intangible capital, and to give a feeling for how we can add up quite different capital items.

Hopefully outlining what capital is will make the research discussed here and published here a bit more useful.

Keen for your thoughts 🙂

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The story of JM the lawnmower: Productivity and unemployment

This week Matt and me followed around a lawnmower man to figure out what productivity and unemployment are – and how we would think about measuring them. Feel free to give these videos a watch below 🙂

Video: Economic growth

In this video I outline the structure for thinking about economic growth – and point out how much of society’s progress has been due to our knowledge, organisation, and specialisation due to scale rather than unsustainable resource use.

Hope it is an issue I can go more deeply on soon.

Measuring GDP and inequality

Hi all,

I’ve finished lecturing for the year early and so Gulnara and me have decided to put up some videos on measuring GDP and inequality.

We’ve both been quite keen to pop together a short book and short series of videos on different economic indicators and how to interpret them – as it is an area where we think there is some accidental miscommunication in New Zealand. Hoping that we’ll have some time over the rest of the year – in which case we’ll be popping all of that up here.

Videos just below:

Inefficient gifting on Valentines Day

Today is Valentines Day! As a hopeless romantic it is one of my favourite days of the year, where I hope everyone experiences all the love in the world.

Matt is romantic – but he has his weird signalling view of presents.

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Back from honeymoon and ready for economics

Matt and myself have just returned from our wedding, honeymoon, and birthday party overseas, and I’m eager to post a lot more content this year!

However, before doing so I thought it would be fun to share a couple of pictures of our recent journey.

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