Every Major Economic Theory Explained in 20 Minutes

From Adam Smith's invisible hand to modern behavioral economics, this comprehensive guide breaks down the most influential economic theories that shaped our world. Whether you're a student, professional, or just curious about economics, this video provides clear, concise explanations of complex economic ideas without the jargon.
Discover how different schools of thought explain wealth, poverty, government intervention, and market behavior. Learn why some nations prosper while others struggle, and understand the ongoing debates that influence policy today.

Featured Economic Theories:

Classical Economics 00:00
Marxian Economics 01:34
Game Theory 03:00
Neoclassical Economics 05:02
Keynesian Economics 06:37
Supply Side Economics 08:11
Monetarism 10:10
Development Economics 11:37
Austrian School 13:53
Behavioral Economics 13:48
New Institutional Economics 16:51
Public Choice Theory 18:23

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[Alexrod]

Wrapped up my 4 year degree in economics in one video. Of course there is a ton more nuance, mathematics and psychology involved. This is an incredible general representation

[abcrane]

Great overview here! One thing I caution students of Econ about is that, when studying these various "philosophers" be aware of the CONFLATION between normative views (what SHOULD BE) and positive views (what actually is). I find that THIS conflation is the most basic and common error made by both seasoned economists and regular people arguing for one system or another as most efficient and/or beneficial.

[EnergyHuntr]

This is why I’ll probably never be a YouTuber. Man these talents popping out of nowhere, everyday on YouTube with incredible videos. The competition is getting intense !!! Future legend in the making mark my words !!

[vascobernardo]

I was sceptical if I wanted to pursue economics, but this video sparked my interest, thanks a lot, great video!

[mollyduck]

Important to note that Adam Smith himself on the wealth of nations said that government intervention is necessary in some aspects of society.

[lojo]

Recently started studying the differences between Classical/Keynesian/ Austrian/ MMT economics, so this was very helpful.

[jarcadipane]

THIS IS ABSOLUTELY INCREDIBLE.. This is what children should be studying in schools !!! I found my new most favorite channel.. Can't stop watching this over and over!!! Not much that I didn't know, but so well put together in such a great presentation. I CANNOT wait for your next one !! THANK YOU !!!

[samsmithshaw]

I've been looking for a econ-summary vid like this for a while. Thanks so much!

[raccoonnub]

Can't stop watching this over and over!!!

[vhdcpatel]

This video is exceptionally informative and absolutely worth every second—kudos! 👍👍

[DanielcbLopez]

That is one of the best videos I've seen in years. Fantastic synopsis of the history of economic thought!

[manz]

I would love to see more of behavioural economics and legendary examples of it
I loved this video. Spent 20 mins on better things than mindless scrolling.

[vincentli]

Looks like the beginning of a great channel! Looking forward to more.

[khoid.nguyen]

My goodness! I can comprehend all of them! It has been around my life since forever, but I could never put a finger on them. Now I understand the basis behind them. Kudos to you for a great video; instant sub

[MediaMapGuy]

18:24 The James Buchanan pictured in your video is not the 20th Century economist but the 19th Century U.S. President who was in office 1857-1861 (before Lincoln). Other than this, you have a good video overall that provides a great overview of the different macro-economic theories. Wish I had YouTube and this channel back when I was taking Economics 101! Thanks.

[tejaslokhande]

Semester long course summed up in one video !! It has answered so many of my doubts. Keep making such awesome videos please..

[ihateusernames-od]

its crazy you did this with just pictures and a slideshow. I was engaged the whole way. Its also nice to have all these schools of thought in one place.

[Spongle]

Wow. Excellent production. Not sure if it fits the scope of your channel (if your more for introductory information), but I would love to see a half hour or more dedicated to just one school of economic theory. This goes for all of your content.

[EconomicsSimplyPut]

this video explained it better than any textbook!

[zarifzurafai]

Glad to find the channel on its early days. Love from Bangladesh ❤