When I read Shoe Dog by Phil Knight, I knew I had to get a pair of Nike Waffle Trainers because of the amazing economic lessons they hold. They can teach us about the gains from trade, the division of labor, and technological change. The giveaway has ended. ... https://www.youtube.com/watch?v=UeGDfKz1qig

Comic book fans love to debate Marvel vs DC. Well once upon a time the two companies colluded to raise prices. And that collusion helps explain how Marvel came to dominate the market and eventually create movies like Avengers. This video explains some of the economics of cartels and why there's always an incentive to cheat. This real-world example of a cartel is fun for new economics students. This video was inspired by Reed Tucker's Slugfest: https://amzn.to/2UXHh9M **Related Videos** Perfect Competition In Real Life: https://youtu.be/Ipx_0kU-x84 I Opened a Box of Rare Comic Books and Found One Worth _____: https://youtu.be/PTFz1Ts5fDY The Disney Monopoly: https://youtu.be/n_woaFRbZ9U Economist Explains the Joker (Dark Knight Game Theory): https://youtu.be/P7Mh-R0eSDA ... https://www.youtube.com/watch?v=2P4wRwp_E80

At Thanksgiving we celebrate the harvest. How does the harvest affect cognitive resources, and can it explain poverty traps? Get Scarcity here: https://amzn.to/2UNzxsv Sign up for my newsletter here: https://marketpower.substack.com/ And you can find me on twitter: https://www.twitter.com/MarketPowerYT RECOMMENDED VIDEOS Poverty Traps were missing...until now https://youtu.be/SxrslLv9RxQ The Best Way to STAND OUT as an Economics Student https://youtu.be/XbXsHn32VyY 6 Biggest Lies About Majoring in Economics https://youtu.be/_qUbSBog_rw ... https://www.youtube.com/watch?v=JhwQsNMTC_0

Income Share Agreements (ISAs) are a hot, new labor arrangement (especially at Lambda School). If you're asking "how do I avoid student debt?" then an ISA might be the right answer. But are we just bringing back indentured servitude? We discuss the economics of income share agreements, compare it with the history of indentured servitude in America, and show how they both solved market failures. Check out Lambda School here (you can get $250 by using this referral link): http://fbuy.me/mcXF_ Follow me on twitter: https://www.twitter.com/MarketPowerYT #collegeaffordabilityact ... https://www.youtube.com/watch?v=AsrD7RlrIqw