#8. Economic theory for the Masters and Intersectoral Balances | Mikhail Velichko

8th video in course "Educational Project: NOOSPHERE" by Mikhail Velichko; 7th of 8 lectures for students of Baltic State University

0:26 — Today we are talking about the economy
2:40 — We live in conditions where everything we use is a product of collective labour...
4:30 — What should the economy produce in order to ensure the well-being of society?
6:48 — Input-output balance equation
8:57 — Where do these products go?
11:00 — When solving the input-output balance equation, we consider technologies that consume products in the physical form...
12:44 — The fact that the volume of supplies is proportional to the output of production by the sectors-consumers of our products — this enables us to write down the following equation...
17:00 — What does this equation enable you to do?
24:53 — Necessity to switch to financial accounting using the example of the aviation sector
27:36 — If we switch to financial accounting of products, what then?
39:52 — What are taxes?
43:36 — Further on, the question arises about the nature of money: What is it? How can one use it?
44:44 — When does the need in trade arise?
47:25 — Emergence of the market
48:57 — Emergence of money
51:22 — And what did the grain have to do with it? Grain — was not only food, grain — was an energy carrier...
51:53 — Precious metals as invariant on price-current
54:12 — In 1492, Columbus discovered America. After that, throughout the 16th century, a stream of gold and silver from the new world flowed to Spain...
55:27 — What happened next? The coins were heavy, the volumes of deals were growing, it was inconvenient, so credit money appeared
57:03 — How much money is needed for the economy to flourish?
58:46 — What are the requirements for issuance politics?
1:02:40 — Energy standard juxtaposed with gold standard
1:11:22 — Questions and Answers

What is SOVEST?
What is NRAVIOUSNESS?
What is PRAVIOUSNESS?
See the video "What Makes Russians Different?" https://youtu.be/3ORQ062aWuU

#velichko #voenmeh #noosphere