Rise of the Robots: Is AI Coming For Your Job?

From Visual Capitalist.

The rise of automation and artificial intelligence (AI) will displace millions of jobs in the economy. To make sure your career is future proof, watch this video. It will show the key skills needed to make sure that robots won't take your job - and that you'll thrive in an era dominated by AI.

Why Jean Tirole won the Nobel prize in economics – “It’s complicated”

From The Economist

“Making sure companies compete fairly is a tricky business. The firms being regulated know far more about their business than those doing the regulating; bureaucrats can easily end up being too heavy-handed or too lax. On October 13th Jean Tirole, a French economist at the Toulouse School of Economics, was awarded the Nobel prize in economics for his work on this conundrum—“industrial organisation”, in the jargon.

Mr Tirole began publishing in the 1980s, when many governments were busy privatising big parts of their economies, from telecommunications to transport. It quickly became clear that the new, liberalised industries might not form perfectly competitive markets. Along with Jean-Jacques Laffont, a frequent partner who might have shared the prize had he not died in 2004, Mr Tirole developed a novel way of thinking about the difficulties regulators face managing such markets.”

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Fight of the Century: Keynes vs. Hayek Round Two

"Fight of the Century" is another economics hip-hop music video by John Papola and Russ Roberts at http://EconStories.tv .

According to the US National Bureau of Economic Research, the “Great Recession” ended almost three years ago, in the summer of 2009. Yet we're all uneasy. Job growth has been disappointing. The recovery seems fragile. Where should we head from here? Is that question even meaningful? Can the government steer the economy or have past attempts helped create the mess we're still in?

In "Fight of the Century", Keynes and Hayek weigh in on these central questions. Do we need more government spending or less? What's the evidence that government spending promotes prosperity in troubled times? Can war or natural disasters paradoxically be good for an economy in a slump? Should more spending come from the top down or from the bottom up? What are the ultimate sources of prosperity?

Keynes and Hayek never agreed on the answers to these questions and they still don't. Let's listen to the greats. See Keynes and Hayek throwing down in "Fight of the Century"!

"Fear the Boom and Bust" - A Hayek vs. Keynes Rap Anthem

A fun way to learn about current (as well as old) economic issues. This video by Econstories.tv provides a platform to learn about the economic way of thinking through the eyes of creative director John Papola and creative economist Russ Roberts.

"Death to Pennies"

An entertaining and informative video on why Pennies are economically inefficient and should be abolished.

The West’s Killer Apps

Over the past few centuries, Western cultures have been very good at creating general prosperity for themselves. Historian Niall Ferguson asks: Why the West, and less so the rest? He suggests half a dozen big ideas from Western culture - call them the 6 killer apps - that promote wealth, stability and innovation. And in this new century, he says, these apps are all shareable.

Trial, error and the God complex - Tim Harford

Economics writer Tim Harford studies complex systems - and finds a surprising link among the successful ones: they were built through trial and error. In this sparkling talk from TEDGlobal 2011, he asks us to embrace our randomness and start making better mistakes.

Crisis of Capitalism

In this short RSA Animate, radical sociologist David Harvey asks if it is time to look beyond capitalism, towards a new social order that would allow us to live within a system that could be responsible, just and humane.