Chapter
The Mythical Average Man in Economic Models
59:43 - 1:03:25 (03:42)
The economic model is built on the mythical average man who does not exist in real life, and economists are incapable of adapting to real-world problems that conflict with their beliefs about economics.
Clips
The elites' logic of keeping themselves in power remains the same throughout time, often leading to convoluted routes to simple solutions.
59:43 - 1:00:48 (01:05)
Summary
The elites' logic of keeping themselves in power remains the same throughout time, often leading to convoluted routes to simple solutions.
ChapterThe Mythical Average Man in Economic Models
EpisodePart Two: That Time Britain Did A Genocide in Ireland
PodcastBehind the Bastards
The government is offering to pay rent during the pandemic, but landlords are still in charge, while Charles Trevallion is against prohibiting exports and encourages free trade as it is the right course.
1:00:48 - 1:01:43 (00:54)
Summary
The government is offering to pay rent during the pandemic, but landlords are still in charge, while Charles Trevallion is against prohibiting exports and encourages free trade as it is the right course. However, the discussion about free market economics is essentially a religion.
ChapterThe Mythical Average Man in Economic Models
EpisodePart Two: That Time Britain Did A Genocide in Ireland
PodcastBehind the Bastards
The speaker discusses the issues with building economic models based on the "mythical average man" and the lack of adaptability when real-life conflicts with economic beliefs.
1:01:43 - 1:03:25 (01:42)
Summary
The speaker discusses the issues with building economic models based on the "mythical average man" and the lack of adaptability when real-life conflicts with economic beliefs.