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Basic Economics- Thomas Sowell
Nelson Alvarez
# Part 1 – Prices and markets
## Chapter 2 – The role of prices (17:48)
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Super nova Version 3.0
5:06:50 – Chapter7(The economics of big business)
5:08:48 – Corporations
5:13:12 – Corporate governance
5:20:00 – Executive compensation
5:22:12 – Monopolies and cartels
5:25:00 – Monopoly prices vs competitive prices
5:34:30 – Governmental and market responses
5:39:38 – Chapter 8(Regulation and antitrust laws)
5:41:27 – Regulatory Commission
5:56:23 – Antitrust laws
5:57:04 – Competition versus competitors
6:07:32 – Control of the market
6:24:06 – Predatory pricing
6:29:11 – Benefits and costs of antitrust law
6:33:37 – Chapter 9(Market and non-market economies)
6:38:35 – Businesses versus non-market producers
6:57:47 – Winners and losers
7:04:20 – Part 3(Work and pay)
7:04:20 – Chapter 10(Productivity and pay)
7:08:56 – Productivity
7:15:58 – Paid differences
7:17:50 – Income distribution
7:31:08 – Trends over time
7:41:00 – Differences in skills
7:46:17 – Job discrimination
7:59:16 – Capital, labor and efficiency
8:09:30 – Chapter 11(Minimum wage laws)
8:11:35 – Unemployment
8:23:45 – Informal minimum wages
8:34:34 – Differential impact
8:41:20 – Chapter 12(Special problems in labor markets)
8:42:43 – Unemployment statistics
8:53:38 – Working conditions
8:57:30 – Safety laws
8:58:28 – Child labor laws
9:00:34 – Hours of work
9:04:54 – Third world countries
9:13:30 – Collective bargaining
9:14:08 – Employer organizations
Super nova Version 3.0
0:19 – Preface
3:31 – Chapter one (what is economics)
6:04 – Scarcity
8:53 – Productivity
12:36 – The role of economics
17:43 – Part 1(Prices and markets)
17:43 – Chapter two(The role of prices)
21:43 – Economic decision making
34:28 – Prices and costs
36:36 – Resource allocation by prices
40:23 – Incremental substitution
43:42 – Economic systems
57:40 – Supply and demand
58:20 – Demand vs need
1:03:05 – Real value
1:06:20 – Competition
1:07:42 – Prices and supplies
1:11:28 – Unmet needs
1:18:15 – Chapter 3(Price controls)
1:36:23 – The politics of rent control
1:42:15 – Scarcity vs shortage
1:44:25 – Hoarding
1:48:37 – Black markets
1:51:58 – Quality deterioration
1:56:16 – Price floors and surpluses
2:09:43 – The politics of price controls
2:21:13 – Chapter 4(An overview of prices)
2:23:57 – Cause and effect
2:25:28 – Systemic causation
2:32:54 – Complexity and causation
2:35:48 – Individual rationality vs systemic rationality
2:39:13 – Incentives vs goals
2:45:28 – Scarcity and competition
2:46:14 – Economic institutions
2:51:42 – Incremental substitution
2:57:30 – Subsidies and taxes
3:02:29 – The meaning of costs
3:09:36 – Part 2(Industry and commerce)
3:09:36 – Chapter 5(The rise and fall of businesses)
3:10:56 – Adjusting to changes
3:16:17 – Social changes
3:33:03 – Economic changes
3:38:02 – Technological changes
3:56:10 – Chapter 6(The role of profits and losses)
3:59:56 – Profits
4:01:28 – Profits as incentives
4:13:40 – Profit rates
4:21:56 – Costs of production
4:22:20 – Economies of scale
4:26:07 – Dis economies of scale
4:35:04 – Costs and capacity
4:42:28 – Passing on costs and savings
4:46:38 – Specialization and distribution
4:48:15 – Middle men
4:56:00 – Socialist economies