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Madsen Pirie’s second little economics video

I really liked that first Madsen Pirie short economics video, about the subjectivity of value, flagged up here. Now number 2 has emerged, on the closely related topic of price control. I happened upon this second video here, which would suggest that these things are getting around and being noticed. They should.

The short video lecture is the perfect medium for Madsen. Many is the time that I have had a short lecture on this or that topic bestowed upon me, by Madsen in person. From most others this would be intolerable. From him, it was welcome, because you had the feeling he had really thought it through, having bestowed it also on many others, each time slightly better. He has been working on these little videos for years, maybe realising it, maybe not. Almost always, when technologically enhanced things emerge that are really good, the person doing them has been doing them for quite a while by hand, as it were, before the technology came along to make the thing even better.

If the rest of these little videos are as good as the first two, they could add up to a classic set.

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