Division of Labor: Burgers and Ships

Рет қаралды 268,460

Күн бұрын

A simple example of hamburgers being made at home versus at a restaurant can help illuminate the explosion of prosperity since the Industrial Revolution. The story of the division of labor and development of specialized tools is not a new one - Adam Smith began The Wealth of Nations with this concept. Yet it still has tremendous explanatory power about the world we inhabit.
What topic should we do next? bit.ly/1QWdvOn
Next video: bit.ly/24EdNO2
Help us caption & translate this video!
amara.org/v/Elbq/

Пікірлер: 70

@LuisAndion 8 жыл бұрын

PLEASE BLINK. AT LEAST ONCE. PLEASE. Great video, btw.

@anna-kk2lm 7 жыл бұрын

Seems like he's got the text in front of him tho.

@anthonymurillo7013 5 жыл бұрын

He blinks twice

@edgeofhell5966 4 жыл бұрын

He's a capitalist vampire, be doesn't need to blink

@kennyalphonso2223 3 жыл бұрын

0:06

@adamsyve 3 жыл бұрын

This is the group in class that always get me in trouble. My Tribe

@pinklovebabe1 6 жыл бұрын

This guy doesn't blink y'all

@joshahjames1489 3 жыл бұрын

scary '_'

@LongLiveCheems Жыл бұрын

I'm sorry to break the seriousness, but this dude never blinks lol

@arjunjoshi1612 10 жыл бұрын

Hey this is Arjun, From India. Your lectures are really amazing Sir. Unfortunately we don't get to hear such lectures over here ,would really love it if you post a few more of such lectures.

@auk8785 10 жыл бұрын

It's funny. I was just watching Food Inc. and I'm surprised that trade wasn't explicitly mentioned, yet the rapid innovation that trade sparked obviously started the sweeping changes in every industry man knew, including food processing.

@babirye3904 Жыл бұрын

Oh wow it's really catchable

@raheeelbhai758 4 жыл бұрын

please the next video should be about "demand of factors of production" or "firms and production"

@riparianlife97701 10 жыл бұрын

Seattle at 2:19. Woo! Speaking of Seattle, we have a giant grain terminal just north of where the container train clip was shot. Talk about how a country can preserve its precious water resources by purchasing grain from other countries. The US exports massive amounts of water in the form of grain sold to other countries.

@jumbuggz 6 жыл бұрын

great video, very helpful

@DeathStrikeVirus 10 жыл бұрын

These are great. What about Keynes vs Hayek?

@demjules 4 жыл бұрын

great video , thank you!

@Moyaya89 9 жыл бұрын

Good explanation about division of labor

@finnbadders Жыл бұрын

I was looking through the comments to see if anyone else said this but I don’t think they did. WHY DOESN’T HE BLINK??!!

@Logan_Warner 4 жыл бұрын

I'm....... scared of this dude

@alicec1533 3 жыл бұрын

good. They're indoctrinating you to think that labour that maximizes profit is more important than labour that maximizes pleasure/happiness. That's the only reason for the division of labour.

@joshahjames1489 3 жыл бұрын

why?

@angelhruska1765 2 жыл бұрын

i had to open this for school and i had to runnnnn to the comments. but anyways great vid!!

@namitabodke9481 6 жыл бұрын

Plzz u can make a video on questions about division of labour

@anna-kk2lm 7 жыл бұрын

0:44 this guy reminded me of my friend. They have the same face. omg

@stillinfinity43 5 жыл бұрын

Лорен Стракер hahaha

@gamesheetmusic4991 3 жыл бұрын

Please do a video talking about oil prices and covid-19

@ekamjotkaurdhillon9606 3 жыл бұрын

Thanku sir

@erlur268 3 жыл бұрын

Hi thomas

@xoxo-zl8jn 8 жыл бұрын

good explanation was relay help full could u explain price elasticity of demand and supply

@MarginalRevolutionUniversity 8 жыл бұрын

+yasa roomy Here you go - part of our Micro course: kzfaq.info/get/bejne/gJ5iktuVmr7ciJs.html Best, Roman

@tekplays5366 3 жыл бұрын

bro are you on aderol or something

@dude_mude3366 3 жыл бұрын

Thank u sirrrr

@kryziaa 8 жыл бұрын

Music from GMM?

@Remgreen226 6 ай бұрын

I was thinking the same thing lol

@reese146 4 жыл бұрын

thank you for the vevido

@anhducnguyen7978 3 жыл бұрын

from rmit vietnam with love

@edwarddavis2276 3 жыл бұрын

are you a robot because you did not blink

@vinm300 6 жыл бұрын

Modern Prosperity Roots :- a) Towns Take Spain in the C16th : in Castile towns were castles surrounded by dwellings whereas in Aragon the town had guilds, bourgeois, traders etc Then in the C19th those same towns industrialised while the Castile towns remained agrarian. b) Education China was ossified by Confucianism( the means to access civil position), India was in religious torpor, only Europe had the Universities and thirst for knowledge. Look at the sales of Diderot's Encyclopédie : it was sold all over Europe. (records show which areas where buying most volumes ; the most advanced regions). c) Politics In France The Fronde 1648-53 resulted in a victory for the King over Parliament. That is one reason France remained backwards and missed the Industrial Revolution. Conclusion : where civil rights & law flourished, together with education and trade, there humanity advanced.