188. HUMAN ACTION - Principles of Economics Lecture 1

Human Action is the first lecture of Saifedean's new online course, based on his latest book, Principles of Economics. In this lecture, Saifedean explains the Austrian approach to economics, how it differs from mainstream economic approaches, and why the concept of human action is so important to understanding economics. The course will have 18 lectures, with a new lecture every two weeks, running until June.

🔗👇🏼 Sponsors

-----------------------------------------------------------------------

Saifedean’s first book, The Bitcoin Standard:

Saifedean’s second book, The Fiat Standard:

[microsoftpain]

I'm a college student. I didn't really put much thought into the different schools of economics before 2020 or so, and was always confused in economics classes because the theory and the application never aligned in the real world or in government. But now, I suppose that's just another reason why Keynesianism is hot garbage. Everything made sense when I learned about the Austrian school.

[fusion]

I think I'm gonna use this book to refresh/correct the economics i learned in college.

[Annah]

We live in the golden age of information. We just need to sift through it to find the nuggets of truth. Ignorance is a choice.

[BlackLabelExpat]

I think it's important to remember that groups/companies/governments can have control over the supply of a thing but not its demand.

[Hawaii_NoKaOi]

21:40 The video starts here. Please skip to this point to actually watch the video you want to see. The first 21 minutes are not necessary at all.

[Feynman]

Cant believe this is free! Thank you mr. Ammous

[davidjones]

If I were giving the talk here, I'd try to tone down the insults to the competing theories. It gives the arguments presented less credibility.

[l.h.tnguyen]

Is it really necessary to get personal, calling Keynes a child rapist? His economics is bad, but the other fact has nothing to do with that fact.

[Orsonu]

I’m in. Dr Ammous, thank you for undertaking the Herculean task to write an Austrian economics principles book. WE SALUTE YOU!

[zoubircherif]

لو كانت الدروس مثل البىدكاست ونفاشات افضل

[dynasty]

Im.very excited to start this book. I got this on christmas 2023. I started learning about bitcoin and really liked it from the surface (late 2021). Eventually i ended up getting the bitcoin standard book. I am no reader at all. It took me a months to finish soley because reading has never been my thing. But none the less i kept reading and buying more books with the hopes of reading them all. finsished the bitcoin standard and i did like it. I started the fiat standard less than a month ago and im more than half way done. Its by far my favourote tool ive ever used to educate myself. I love the book, And i have no problems grasping what you talk about and the books really speak to me like nothing else has be able to do

[araicher]

Superb! Congratulations Saif! You are a light in the dark ❤

[Mahmood]

Dr. Ammous, come on, putting in "English child rapist James Maynard Keynes" is very unprofessional. There's no correlation between moral failings and his economic theories and vice versa.

[ryanbaileyboxing]

My favorite finance channels besides this one:
Mondays: Earn your leisure market Mondays
Tuesdays: Wallstreet looks like us now network, Reppond Investments
Wednesday: Reppond investments
Also, melanin money podcast and peter Schiff show, Palisades gold, the RO Show wealthion, Joseph Carlson
For crypto: Ivan on tech, crypto banter, cryptosrus
Make my week complete!

[cesar_ch]

Hi saife I want to learn you course but I can’t read/listen English, Now I use YouTube translate please Can you help?

[الرّاويَه-غش]

I will read his books for sure to build from the beginning my economy knowledge

[StheSharknl]

Thank you so much for the lecture series! And your hate for Keynes is hilarious yet fully justified!

[name]

Is it recommended that we read the chapter first before watching the lecture?

[haddiabadlia]

a great lecture by Dr. Saif Eddine, thank you so much for the effort

[kodyrrr]

I look forward to reading this book when I return home. This was an interesting 1st lecture. Great work!