Monday, February 12, 2007

Principles of Economics: Origins of the Discipline, Video Edition

Updated 2/16/07 At the beginning of each semester in Principles of Economics classes, I deliver a lecture entitled "Origins of the Discipline." This lecture is given in both traditional classroom settings and in telecourses broadcast to satellite campuses. I am herewith offering that lecture from the beginning of the current semester as a multi-part YouTube video for readers here at The Dark Wraith Forums: Part 1 was posted Monday, February 12, 2007, Part 2 was posted Tuesday, February 13, 2007, Part 3 was posted on Thursday, February 15, 2007 and Part 4, the final segment, has now been posted as of February 16, 2007. All four parts taken together constitute an edited version of the entirety of my "Origins of the Discipline" lecture. Below each YouTube frame is a link to the WMV format file of the video for those who would prefer to download it for viewing that way.

The Dark Wraith encourages readers to enjoy.


Click here for the WMV format version of Part 1 (4:30, 12.3 Mb).



Click here for the WMV format version of Part 2 (9:55, 11.7 Mb).



Click here for the WMV format version of Part 3 (9:54, 34.8 Mb).



Click here for the WMV format version of Part 4 (4:31, 15.4 Mb).

<< 55 Comments Total
 Moody Blue blogged...

Wow! I'm gonna watch that again! I'm looking forward to the rest of the lecture. Thank you, Wraith.

Mon Feb 12, 11:12:10 PM EST  
 andi blogged...

Good morning, Dark Wraith!

This reminds me that I have always gotten more out of lectures than textbooks. People learn in different ways, after all.

This also reminds me how much I enjoyed college (when I was sober enough to attend classes.)

Thank you for making this class accessible to your unoffical online students. I look forward to taking notes as soon as I can fight through the less-than-adequate speakers on my computer. (I will steal my husband's headphones.)

~Andi

Tue Feb 13, 09:36:38 AM EST  
 Dark Wraith blogged...

Good morning, andi.

I thank you and Moody Blue for commenting favorably. If this video series proves popular, I shall begin to deliver more economics lectures here via YouTube. Eventually, I might switch over to QuickTime since audio and video quality would be better, but we'll have to see about that. First, I have to make sure I'm not driving people away in droves with this kind of blogging.

I should warn you that the part you just saw is a little tamer than what will be coming. In this particular lecture, you'll see a bit more... uh, how should I put this... "forcefulness"... or "rant-orientedness" in later segments.

["rant-orientedness"?!]

Oh, well, get your notebook out. Even if this lecture goes over like a rock and I don't do any more of them here lest I be dragged out and shot, at least you'll get the first night of Principles of Economics under your belt.


The Dark Wraith heads back to the video editing room.

Tue Feb 13, 09:48:15 AM EST  
 My Pet Goat blogged...

Eventually, I might switch over to QuickTime since audio and video quality would be better, but we'll have to see about that.

I downloaded the WMV file to watch later and thought the quality was fine. I don't know if it is my computer or what, but the buffering was inadequate for the YouTube to play smoothly even at DSL speeds.

What was strange, was after reading your postings here and a few other places, was to have a voice added to my impression of a Wraith based on written words. I expected the black, but what happened to the cape?

Tue Feb 13, 10:41:40 AM EST  
 andi blogged...

Dark Wraith, if you wouldn't mind, I'd very much appreciate a continued WMV version as well.

Thank you.

Tue Feb 13, 10:53:33 AM EST  
 Dark Wraith blogged...

Good morning, once again, Andi.

Actually, these videos start as WMV files, which are then uploaded to YouTube, where they are converted into that format. This means I will always be able to provide WMV versions. In fact, I had thought about creating a plug-in that would play the videos straight from their WMV native format, but I'm not sure deploying that on my site would work too well; I might, however, try an experiment later to see whether or not I could get it to work smoothly.

Anyway, you'll always get the WMV link, which seems to be really popular: more than half of the hits to this video are going through the WMV link instead of YouTube. That's kind of cool.


The Dark Wraith might even start running a WMV sidebar frame with on-demand lecture snippets.

Tue Feb 13, 11:10:10 AM EST  
 Dark Wraith blogged...

Good morning, Mr. Goat.

Believe it or not, I went into that class wearing my black cape that evening. I took it off before I went in front of the camera.

And although black is my usual attire, on occasion I feel quite festive, so I wear a dark grey tie. I think it lends itself to a certain degree of approachability: adding a splash of color to my attire every now and then makes students think I might not eat them alive if they get too close.

They're wrong, of course, but that's the whole idea.


The Dark Wraith is well fed.

Tue Feb 13, 11:14:19 AM EST  
 trailertrash blogged...

Good morning, Dark Wraith.

The Youtube downloaded very slowly. I changed over to the WMV file and it was slow, but not as.

It was really cool hearing your voice. Like Andi said, the clip also reminded me of college classes from the past.

I look forward to the "rant-orientedness" in later segments. :)

Tue Feb 13, 12:58:25 PM EST  
 karen m blogged...

Good morning, Dark Wraith!

The lecture was great! Economics has never been a big interest of mine, but the history of it sounds much more interesting. I'm looking forward to the next part of the lecture.

Wearing black doesn't equal scary. In fact, my music history prof was living proof - I don't think he even owned anything in black. Not even his shoes.

Tue Feb 13, 01:12:07 PM EST  
 Dark Wraith blogged...

Good afternoon, Karen M.

Strange that you should mention shoes: mine were an old, beat-up pair of brown, low-cut boots. I finally saw a returned pair of shoes in my size in clearance at a local store; the shoes were black, also low-cut boot types, and they were about ten dollars, so I bought them.

I swear, in every one of my classes the first day I wore them, some kind of comment about those darned new shoes was made within the first minute.

Good Heavens! Are shoes that noticeable?!


The Dark Wraith probably should have bought a new pair of shoes years ago if people are shoe-watching that closely.

Tue Feb 13, 01:51:35 PM EST  
 Dark Wraith blogged...

Good afternoon, Trailer Trash.

These are most definitely huge files. Part 2 is more than twice as large as the Part 1. I've been trying to find a way to reduce the file size without losing much video quality, but so far I'm a little frustrated. Right now, Part 2 is about 30 megabytes(!), and that's going to be the kind of download where people should go out, have dinner, maybe take a weekend vacation, then come back and see if the download has finished.

I'll work on file compression some more before I post it tonight.


The Dark Wraith might have to go to old-fashioned black-and-white for this one.

Tue Feb 13, 01:56:56 PM EST  
 Weaseldog blogged...

Nice start!

Do you have any plans to cover Frederick Soddy?

Tue Feb 13, 02:37:19 PM EST  
 busker blogged...

Good afternoon Dark Wraith.

To echo everyone else, I really enjoyed this. I wish you'd been my economics teacher.

Is this okay to cross-post? I like the idea of you lecturing at my blog. :)

Tue Feb 13, 02:38:51 PM EST  
 Dark Wraith blogged...

Good afternoon, Busker.

Feel free to post these YouTube videos (with attribute, of course). You can get the embedding code at the following YouTube URL:

http://www.youtube.com/watch?v=TUoX5nYTfIk


The Dark Wraith should note that this video is not hitting the Top 25 at YouTube, however.

Tue Feb 13, 03:19:12 PM EST  
 father tyme blogged...

DW,
Nice primer.

Ok. If I do 'reel' well during the course, can I drop the final?

And, sorry to come in late. Did I miss the cartoon?

Hey, I think I saw PoLT lookin' at my paper...no fair!!!

Tue Feb 13, 03:23:33 PM EST  
 Dark Wraith blogged...

Good afternoon, Weaseldog.

This semester, I was lucky to get my Jean-Jacques Rousseau lecture completed because of the way the television studio equipment was behaving. I was absolutely beside myself when I found out that my battle to keep the feeds to the satellite campuses had failed to keep the videotaping of the lecture from collapsing, so I lost the entirety of the lecture on economics and economists of the Left because of the worn-out equipment at the school.

I was so frustrated I broke down and bought my own digital video camera on eBay just so I could record my lectures with confidence. That way, even if the TV feed crashes, students at the other campuses can get the lectures off the Internet.

So anyway, I've gotten nothing on origins and history other than this one lecture on Adam Smith. And this one was on VHS, which I had to rip to hard drive, then edit, then burn back down to WMV.

And if I hadn't done a killer bidding fight and beaten a couple of those damnable eBay trolls who do nothing but hang out there and beat bids with five seconds left, I'd be a whole lot more annoyed about the whole fiasco than I am.


The Dark Wraith still basks in the glory of nailing that eBay troll with exactly one second remaining.

Tue Feb 13, 03:41:10 PM EST  
 Donviti blogged...

so when the heck was that picture of you taken that is used in your "about the author" column on the right?

I plan on watching your lecture tonight

Tue Feb 13, 03:43:32 PM EST  
 Dark Wraith blogged...

Good afternoon, Donviti.

Grr.



The Dark Wraith has to look different in class from how he does in his beefcake shots for this blog.

Tue Feb 13, 03:59:50 PM EST  
 Dark Wraith blogged...

Good afternoon, Father Tyme.

Peter of Lone Tree has already been admonished that surfing the Internet on his iPod during class is frowned upon. Especially when what he's actually doing is making bootleg video of my lectures to sell in China to economics-hungry college students over there who want the straight scoop on economics from a professor like me.


The Dark Wraith needs to talk to Peter of Lone Tree about an equitable royalties arrangement.

Tue Feb 13, 04:02:30 PM EST  
 The Minstrel Boy blogged...

good afternoon dark wraith:

to paraphrase the mike nicholl's film the graduate when you enter your negotiations with PoLT may i remind you of one word. (one overwhelming word to guide your path)

RESIDUALS

in a world where i play my banjo and you buy household cleansers i must say that the sparkling perfect cleanliness of my existence comes straight out of residuals. as the world moves deeper into the realm of on demand media residuals become even more important.

Tue Feb 13, 05:37:04 PM EST  
 blackdog blogged...

Since I'm connected with a streched long lenght of nylon staging with a shirt button and coffee can I will attempt to download the WMV files after I'm asleep. Looking forward to seeing it tomorrow.

Tue Feb 13, 05:48:00 PM EST  
 trog69 blogged...

Good evening, DW.

As I said when I first hooked up with this site, I'm here because when you teach, even a construction worker like me can grok what your saying. Thanks again for your efforts here.

Before I retired, I had Blackdogs system. Knowing I would probably spend more time online I set up and purchased a monster gaming rig. So between that and cable broadband, bring those 30meg DL's on. No sweat.

Tue Feb 13, 08:53:13 PM EST  
 PeterofLoneTree blogged...

"The Dark Wraith needs to talk to Peter of Lone Tree about an equitable royalties arrangement."

How 'bout some sort of information barter agreement? Here's a hot tip: Some of the Big Boys' asses might be starting to suck a little wind. From Reuters:
Anxiety simmers about financial Krakatoa.

Information barter? Ah, you know. It's kinda like what the Democrat said to the Republican when they were arguing over their respective party logos:
"I'll hug your elephant if you kiss my...uh, er, donkey".

Wed Feb 14, 12:06:36 AM EST  
 Wild Clover blogged...

I am presently downloading...You-Tube and dial up just don't play nice for me. Tomorrow I may get to view it.

As an aside...great confusion reigned because I had not mentioned anything about possibly getting a math camp shirt in the mail, and I got this very confuzzzeled phone call at work. The Implet wore it as a nightshirt that very night, and it is muchly appreciated. I haven't had an opportunity to grt on line the past few days to let you know.

Wed Feb 14, 01:48:54 AM EST  
 PoliShifter blogged...

Excellent work Mr. Wraith. Excellent work.

Wed Feb 14, 01:51:36 AM EST  
 roger blogged...

good morning dw.....i see that in the second video that you've removed your jacket and rolled up your sleeves, presumably to get to work. bring on the rants.

you are showing us one of the best uses of the intertubes. also...very interesting lectures. thanks.

Wed Feb 14, 10:53:26 AM EST  
 Weaseldog blogged...

That's an interesting sequel.

What's the reaction from your students?

Thu Feb 15, 09:31:47 AM EST  
 Dark Wraith blogged...

Stunned silence.

Thu Feb 15, 10:07:50 AM EST  
 father tyme blogged...

For outstanding intertubes sin-o-matography;
the winner of the first Adam Smith Award goes to...
dee, dee dee!!!

Thu Feb 15, 12:09:57 PM EST  
 My Pet Goat blogged...

Stunned silence.

No wonder, they're still trying to figure out what ass bread tastes like.

Thu Feb 15, 12:29:09 PM EST  
 Dark Wraith blogged...

Good morning, Mr. Goat.

Ah, you caught that. Yes, I do get rather carried away sometimes with my examples.


The Dark Wraith should know better than to work without a teleprompter.

Thu Feb 15, 12:38:11 PM EST  
 Weaseldog blogged...

Some may be wondering, "What's wrong with Ass-Bread?"

Thu Feb 15, 05:36:53 PM EST  
 Dark Wraith blogged...

A fair question, my good Weaseldog, one for which I, personally, do not have a satisfactory answer.


The Dark Wraith with have to write up a grant proposal to research the matter.

Thu Feb 15, 07:20:40 PM EST  
 My Pet Goat blogged...

I can see now how this thread is going to deteriorate. I'll make a comment about the Wraith's new business venture Bad Buns Bakery, somebody else will make a comment about Spam...

Thu Feb 15, 07:50:21 PM EST  
 Dark Wraith blogged...

...and then I'll chime in something about how hungry I am for a Spam sandwich.


The Dark Wraith reaches for the mayonnaise.

Thu Feb 15, 08:04:19 PM EST  
 PeterofLoneTree blogged...

"...and then I'll chime in something about how hungry I am for a Spam sandwich."

There's a ready supply almost any time over at the Discussion Forums.

Thu Feb 15, 10:12:57 PM EST  
 Weaseldog blogged...

I'll have the spam, eggs, bacon and spam. It has twice the spam of the spam and bacon sandwich.

Thu Feb 15, 11:24:06 PM EST  
 SB Gypsy blogged...

Good Morning Dark Wraith,

I'll just have a fillup in my great big Dark Wraith coffee cup.

Fri Feb 16, 08:57:50 AM EST  
 Weaseldog blogged...

My latest prognostications about what may bring the market down...

http://weaseldog.blogspot.com/

Fri Feb 16, 12:49:40 PM EST  
 Weaseldog blogged...

Just in time merchandising?

Fri Feb 16, 12:51:16 PM EST  
 Mr. Non-Descript blogged...

Dear Professor,

Those videos do bring back memories! I must admit that I'm a bit envious of your current students as it is quite difficult to find instructors such as yourself who are able to convey excitement for their discipline.

Thank you for sharing your lectures to the masses... and hurrah for the Dismal Science! (Thanks to you I now know when the Invisible Hand gives me the bird).

-[ Mr. Non-Descript ]-

Fri Feb 16, 07:14:58 PM EST  
 rcg blogged...

Thank you for posting these videos!

Wed Feb 21, 04:10:35 AM EST  
 SB Gypsy blogged...

Good Morning Dark Wraith,

Now that I've had time to watch the vids, I have to echo the rest of us... Eager for the sequel??

Those videos do bring back memories! I must admit that I'm a bit envious of your current students as it is quite difficult to find instructors such as yourself who are able to convey excitement for their discipline.


...and I always thought passion and economics were antonyms!

Sat Feb 24, 10:50:10 AM EST  
 Mr. Non-Descript blogged...

...and I always thought passion and economics were antonyms!

One would think! However I have found Economics to be more than interesting to me.

"Passion" definitely wouldn't describe my first reaction to the text book as I skimmed though it before the semester began. Although afterwards it became embedded into my thinking and now I tend to see everything in terms of Economics (SPOILER ALERT: danke to Professor Wraith for the explanation of good deeds and religion - I cannot wait for that video!).

Sun Feb 25, 07:55:44 AM EST  
 Dark Wraith blogged...

Good morning, Mr. Non-Descript.

Concerning my "good deeds and religion" economics lecture, I consider it a continuing miracle that I haven't been dragged out of the classroom, shot, burned at the stake, and then shown serious disrespect (in that order).

And to those who don't know what we're talking about, here, I must thank Mr. Non-Descript for giving me the idea that I really should, at some point, put up a video of that lecture. I can't explain the lecture; you'll just have to see it to understand why students have the "I can't believe he just did that" look. The upshot, though, is that I get my point across—a principle that is fundamental to all of economics—far more effectively than I would by grinding out the usual, standard drool.

(HINT: During the lecture, I turn into Jesus for about 30 seconds.)

So far, I haven't been blasted by a bolt of lightning; but then again, I wear shoes with rubber soles.

Just in case, mind you.


The Dark Wraith is always cautious when it comes to academics.

Sun Feb 25, 10:26:29 AM EST  
 SB Gypsy blogged...

Uh, sorry Wraith, but I just watched a program on TV about lightning.

Rubber soled shoes protecting against lightning is a myth.

Same goes for your tires protecting you in a car. You cannot get hit in a car, because the cabin of the car is a faraday cage (cars with fiberglass bodies will not protect you, btw). Lightning can go right through a tire.

Wed Feb 28, 04:09:38 PM EST  
 Dark Wraith blogged...

Good afternoon, SB Gypsy.

Nevertheless, I'm not taking any chances: maybe they won't save me from the occasional lightning bolt, but at least with rubber-soled shoes on, I'll have a better chance of bouncing on the turf when I come down from being blasted a couple of miles into the sky.

And as far as getting hit by lightning in my car, that wouldn't bother me too much: my battery has been weak for months, and I figure a good charge of a couple million volts might tune the thing up and clear out some of that carbon build-up that's been vexing the cylinders lately.


The Dark Wraith knows how to look on the bright side of lightning.

Wed Feb 28, 05:24:16 PM EST  
 Wild Clover blogged...

I have put off posting here, because I have been attempting to DL lecture 3. After 8 tries, it will finally play with sound for 2 minutes and some seconds, then no sound for about 15 seconds, then nada. I do believe the filesize surpasses my connection's capacity to stay stable long enough to get the entirety.(slowwww, creaky modem which needs replacing, and an ISP that gets wonky every so often, screwing up long downloads). Any chance of splitting it up into 2 parts? I have and enjoyed 1,2,and 4, and the beginning of 3.

Sun Mar 04, 12:36:58 AM EST  
 Dark Wraith blogged...

Good afternoon, Wild Clover.

Tomorrow, I'll mail you the series on CD.


The Dark Wraith delivers.

Sun Mar 04, 01:33:53 PM EST  
 elf blogged...

Hi DW,
I am finally getting the chance to "catch up" on my DW reading.

Ok, just where do you teach ? I almost got homesick for Aldi LOL. I watched these over on Youtube and you have received a couple of really nice comments there.

You know the "tubes" have been such a great source of an education for me and I am so grateful for the time you take to present these subjects to us.

Will anxiously await the next install, it really was quite interesting how you explain to the class the interweaving of money and philosophy.

I will begin thinking for that winning lotto ticket while I munch on my Bad Bun Bakery roll with Plum jam.

Thanks Again,
elf

Sun Mar 04, 05:02:53 PM EST  
 Dark Wraith blogged...

Good afternoon, elf.

Economics lectures on YouTube are supposed to be about as popular as Captain and Tennile videos; but somehow, I'm getting subscribers and large hit action.

Something doesn't make sense, here.


The Dark Wraith thinks Oprah might want to know about this.

Sun Mar 04, 05:47:07 PM EST  
 elf blogged...

DW,

You crack me up !

Sun Mar 04, 07:29:33 PM EST  
 BlondeSense Liz blogged...

When are you going to post a link to your "Rate My Professor" page?

Wed Mar 07, 10:08:12 AM EST  
 Dark Wraith blogged...

When donkeys fly.

Sat Mar 10, 12:10:05 PM EST  
 Kevin blogged...

Professor wraith may I ask what your credentials are and where you teach??

Tue Apr 10, 12:14:23 PM EDT