Ever shaken an invisible hand? Been flattened by a falling market? Or wondered what took the bend out of Phillips' curve? David Mitchell helps reveal some of the great dilemmas faced by governments trying to run an economy whether to save or spend, control inflation, regulate trade, fix exchange rates, or just leave everyone to get on with it and not intervene. You'll learn why Adam Smith put such a high price on free markets, how Keynes found a bold new way to reduce unemployment, and what economists went on to discover about the impact of policy on people's and businesses' behaviour which may not always be entirely rational.
Playlist link • 60 Second Adventures in Economics
Transcript link
Free learning from The Open University Economics http://www.open.edu/openlearn/moneym...
Study a free course on Managing my money at the Open University http://www.open.edu/openlearn/moneym...
Study R30 BA (Honours) Economics
http://www.open.ac.uk/courses/qualifi...
The Open University is the world’s leading provider of flexible, highquality online degrees and distance learning, serving students across the globe with highly respected degree qualifications, and the tripleaccredited MBA. The OU teaches through its own unique method of distance learning, called ‘supported open learning’ and you do not need any formal qualifications to study with us, just commitment and a desire to find out what you are capable of.
Free learning from The Open University
http://www.open.edu/openlearn/
For more like this subscribe to the Open University channel
/ @openlearn_ou
Like us on Facebook: / ouopenlearn
Follow us on Twitter: / oufreelearning
#OpenUniversity #Economy