Got recommended after his nobel.

@pranitraut9149

4 жыл бұрын

Same

@atishsantra7017

2 жыл бұрын

Same

@switchblade970

2 жыл бұрын

I got today is banerjee in news again?

@praveenawesome2182

2 жыл бұрын

Yeah

@siddu930961

2 жыл бұрын

@@pranitraut9149 j

- why one ought to save - 0:23 - why one ought not to save - 3:22 - why can the poor not save on on bank accounts - 14:46 - how can the poor save without bank - save at home - 18:15 - ROSCA - 21:00 - building on a house - 32:20 - jewellery or gold - 37:14 - money guard - 40:44 - the mathematics - 51:01 - experiments done in India and Phillipines - 1:01:02

@zidanethalib

4 жыл бұрын

Thanks bro

@alashawn8

4 жыл бұрын

underrated

@harshaloptimistic4520

4 жыл бұрын

good learning u did

@harshvardhansingh9057

3 жыл бұрын

Thanks a lot😊

@askashutosh8667

2 жыл бұрын

Thank we comrade!

It's amazing to attain a lecture from a noble winner.

KZread recommended this to me after 6 years out of nowhere and I am pretty pleased

@sidkul2k

4 жыл бұрын

It ain't out of nowhere

@Harsh-uw5pj

4 жыл бұрын

KZread watching all of us and knowing what we think also😂

@vikranttyagiRN

4 жыл бұрын

@@sidkul2k Yeah it's because he won a noble but still a video that is 6 years old getting recommended is the definition of outta nowhere

@curiash

2 жыл бұрын

@@vikranttyagiRN Its been two year. Time flies fast

I dint realise until I read the comments that he is a Nobel Laureate. Wow!

@mdogzino

2 жыл бұрын

Him and his wife together. They shared the same.prize as a couple.

KZread took 6 years to recommend me a worth video. After watching this video i can surely say he is a true deserving person to get the best award and prize and many more..

@amitkumar-yp8no

4 жыл бұрын

@@shrisub881 Is there anything constraints that to appear in ssc exam, you should have to study only ssc syllabus. In my opinion we are an adult and we should know some basic process that are going on besides us. Watch lecture 1 of this program, you will came to know about what the basic scenario of poverty line in (50) average developing countries and U. S.

@user-tq8qy3qj5q

4 жыл бұрын

You can otherwise say it took a Nobel prize for him to make you listen to this. If not for his Nobel you wouldn't even click on this even if it were recommended. True with me.

@Tanmay_Bhattacharya

2 жыл бұрын

@@user-tq8qy3qj5q yeah true. But I guess I can suggest you a name. He may win Nobel Prize for Science in future. His name is Rajibul Islam. He is from West Bengal, India. Although he doesn't stay here (like Abhijeet Banerjee was a NRI)..he is a researcher in the field of Quantum Computing.

Recorded on 2011.... Still relevant today......kudos to you for the phenomenal job on your economic dialogues

Congratulation sir for your noble prize.We are proud of you.Good lecture

@NazriB

2 жыл бұрын

Lies again? Medi Save

The students were lucky to listen to a noble prize winner :)

@masternobin

4 жыл бұрын

There are many nobel laureates in MIT. And maybe many of those students win a nobel in the future. They are all geniuses

@jose-lael

4 жыл бұрын

And so are you now.

@chessandmathguy

4 жыл бұрын

Both a Nobel winner AND a noble winner...

@ahmedmohamudmohamed2374

4 жыл бұрын

I am lucky ...

@greentomato4632

4 жыл бұрын

@Big Foot is amartya sen not his uncle anymore?

Basic concepts of savings is illustrated with easy, practical examples. Can be very beneficial for non-financial background.

congrats to abhijit G to get nobel prize .we have really proud of you.you are constantly doing encouraging work for society thanks a lot sir.we get inspired from you

glad I got recommended this; once in a while youtube wants me to help me become a better person

You save material in a hyper inflation situation. Bags of grain, gold, useful computer hardware etc...

His posture hurts my back

First time youtube recommendation really worked

Many congratulations to the nobel laureate.

oh man! what an explanation, very clear concept!

Congratulations Abhijit sir. 😍😍😍

This man is so good!

congratulation sir,for rewarding as novel prize winner from bharat & sir ur way of teaching is good by asking the parallel question to the audience as student but parallely if giving them a solution for every question regarding improvement of comfort life to every person specially which work out in bharat as sure in it, its better...

Pure gold content.

Savings is all about financial freedom. STEP 1 Save and forgo consumption STEP 2 Wealth management STEP 3 Retirement STEP 4 Financial Independence and security STEP 5 Good life

The chinese save due to very small pension wages....plus it's a general ideea to save because not one job is permanently safe.

I usually can't focus during lectures and found them really boring back in college especially Economics subjects, but this lecture caught my undivided attention at the beginning and didn't divert throughout. I like how comparisons were made between various savings methods in a simple way without any text book definitions. Really hope this level of education quality is adopted in India. Would really love to do my masters in such universities in the future if my finances permit.

@CJAWorld

2 жыл бұрын

Same here

@kbshrivastav8539

2 жыл бұрын

What's the use of education on economics in end its just about bank ssc exams

@kapilsiroha906

2 жыл бұрын

its depend on type of teacher not base on education system

@John-ru4gz

2 жыл бұрын

I usually smoke a nice doob followed by a monster white before every lecture

1:30 _"What's the most important event that a lot of people in the US save for?"_ Using a vibrator

Traditional mindset in India has been to pass on wealth to the next generation even at the cost of living a difficult life. This has been changing now as people are spending more for their own pleasure and comfort which is also one of the generation gap stuff.

It's December 2021 ... Let's see who it is

how brilliantly, Prof explains teaches big concepts, big theories in simple ways. His wisdom is underrated. Nobel should have been given in 2015 itself

@nilanjanataraphder2178

4 жыл бұрын

Maybe 2012 or 2013....it could've saved his family life!

@nabeelhakeem3593

2 жыл бұрын

@@nilanjanataraphder2178 what happened to his family?

TRUTH: No one can teach "SAVINGS" better than an Indian

@srishti1322

2 жыл бұрын

True 😅

@ahuramazda980

2 жыл бұрын

Can you please cite your reference for such a claim?

@TheMrSSS

2 жыл бұрын

Provide proof

@ArunSukumar

2 жыл бұрын

@@ahuramazda980 it’s a stereotype dude.

@Leeisateam

2 жыл бұрын

[citation required]

Dream class room for me. Wow

At first when I heard about the ROSCA mentioned at 27th minute, I thought I would be learning a new concept in economics. However I realized that I already knew it from my childhood with another name called "Chits". They are popular even now in my native village, and near by towns in Andhra Pradesh, India.

@abhinavsharma2179

2 жыл бұрын

Chit fund ?

@RaviChandraEnaganti

2 жыл бұрын

@@abhinavsharma2179 yes operation wise, Rosca with Bidding looks like a chit fund.

@SharkFishSF

2 жыл бұрын

Yes it's all over India, different names.

@yatima1158

2 жыл бұрын

I realised I had a similar concept in my life except the 'order list' was just winners from a regular card game we used to play.

Excellent teaching

Thanks for the initiative for free education

Before this Economics Class there was a Physics Class...... Basic Quantum Mechanics /Atomic Physics/Quantum Optics...

@joyfulnesscheerfulness

4 жыл бұрын

Hahahahah

@debudas1175

4 жыл бұрын

Heh heh...

@alaypal7484

4 жыл бұрын

Ohhhhh....I thought there is also integration in economics 😂

@kaustavchakraborty811

4 жыл бұрын

Alay pal...there is a lot of calculus and other advanced mathematics in economics .. That is why people with background in mathematics , physics and statistics often get nobel prize.. A case in point, John Nash got nobel prize in economics despite being a mathematician..he got it for GAME THEORETICAL applications in economics.. A movie was made on his life ...A BEAUTIFUL MIND...you should watch it.

@ahuramazda980

2 жыл бұрын

Every field in the academy exists for a reason. Show some respect. Some people are interested in social science.

Thanks KZread for recommending me this 👍

one reason not to save is "spouse control" 😂😂

@m.rahman5608

4 жыл бұрын

😂😂

@delco2035

2 жыл бұрын

is it now ? i'm pretty sure actual numbers would go right against this proposition. i'd wage my right hand women are better at saving.

On the blackboard, its from quantum mechanics class

the guy speaking at 16:12 is the only one so far in students who is well audible to the subtitle writer!

Watched this in or after his Noble Prize given in October 2019

He speaks like Sundar Pichai. I think I'm going to enjoy this course, let me save it.

It`s not like they would double their earnings in 30 days, but they would have a 15.3% increase in their earnings after 30 days with that compound interest plan of the cup of tea. Just considering the reinvestment of the cup of tea money and it's profit day by day.

After 6 years youtube recommends this video of Abhijeet Banerjee to us who is noble prize winner in economics now.

@selvamthiagarajan8152

2 жыл бұрын

it is Nobel prize, not noble.

@mdshajalal2099

2 жыл бұрын

There is no Nobel prize on Economics.

@selvamthiagarajan8152

2 жыл бұрын

@@mdshajalal2099 Banerjee shared the 2019 Nobel Memorial Prize in Economic Sciences with Esther Duflo and Michael Kremer "for their experimental approach to alleviating global poverty", according to Wikipedia. I guess this is the correction you are suggesting at.

OMG he is the Nobel Laureate

Privilege to sit in on an MIT course for free

Can't believe he won the Nobel.

Recommendation anyone??

Meanwhile physics teachers in India ''previously there were 10 planets now there are 9''

Good to go through all the possibilities but who else knew the real answer almost immediately?

BTW, there is always a huge spread between the buy and sell prices for gold, so it doesn't make sense to buy it if you're not gonna hold it for at least a few years And microfinance organisations usually charge 100%-800% yearly on their loans, not 24%, 24% is what a bank would charge you if you have perfect credit score and something to loan the money against

Ahhh. The best teacher to learn savings from. An indian.

Fact: You didn't search this video , you didn't wanna watch it but you clicked anyway.

No surprise here … ask an Indian about saving money … and he will win a nobel prize to prove his point .

I’m saving it to watch later

That's it, I'm building my own house.

Proud to be part of the same family! He turns out to be my maternal uncle 😁👍🏼👍🏼👏🏼🙌🏼

@Kakarot_369

2 жыл бұрын

Really that's great..

@31souravmondal

2 жыл бұрын

কী করে??

@delco2035

2 жыл бұрын

Bob's your uncle, that's it you won the game

@purushottam93

2 жыл бұрын

Really ❤️❤️

Ur class is very well sir

To my understanding the idea of savings is not only dependent on economic condition.. But also is attributed to cultural , social, habitual and mental condition. You are aware that in India when one decides to renounce the world or to be a yogi..his urge to save diminishes or ends... Ironically it has been observed that people keep on saving money until the time of his death because of his mental obsession for money... Contrarily there are also people who is poor but chooses to spend all his money to enjoy the fit of the moment... Hence to analyse savings per se needs a multifarious approach.. Econmics may be one of them.

@harris2898

2 жыл бұрын

microeconomic decisions can have some form of objective foundation, but they are always subject to subjective psychological factors which often are random. In short, the usefulness of studying microeconomic behavior, as showcased in this video, narrows down to very specific scenarios and under very specific constraints. These scenarios cannot and will not (ever) come close to describing the social economic reality, to any realistic degree.

@SnowPyramid

2 жыл бұрын

Cow go moo

Title: Savings * loss 1 hour

Nobel laureate or not, he is a boring teacher. The guy who walked out 1 minute into the lecture had great foresight.

Nobel prize winner himself teaching you

Quick fix for current economic downturn is skip one meal prefer ably dinner. Health will improve and the food excess we can export. Skipping meal wont lead to malnutrition. I practice 24 hrs water fast every weekends and dinner only light smoothies. Let body eat up the stored fat when fast. Banerjee sir must be eating 2 meals a day.

@Justus9714

4 жыл бұрын

@Big Foot no i follow Dr. Mindy on youtube she mostly say about autophagy.

@aman1245singh

2 жыл бұрын

Fab suggestion Justin. I totally agree

@OMNpods

2 жыл бұрын

are you serious?

@SharkFishSF

2 жыл бұрын

@@OMNpods it's called OMAD, many people do it, and people also do ADF(1 meal every 48 hours), full healing and autophagy, HGH boost etc.

@delco2035

2 жыл бұрын

@@OMNpods isn't it funny to hear health guys giving advice in the comment section of nobel prize lecture on economics.

Recommendation by KZread.. KZread knows what is going in my mind

MIT students are so lucky 🌟

@johnwhite3248

2 жыл бұрын

How they have to pay for this we get free online?

Now understand why we need to get fame Then only world will listen to you

CONGRATULATIONS SIR HOPE YOU CAN SERVE INDIA MORE AND MORE

Great Prof...a Carbon Copy of my Eldest Maternal Uncle.

@mrlastsurvivor6124

4 жыл бұрын

In Fact my Maternal Uncle was a Professor until he became a Principal. ✌

2.50 rs tea or 1 rs goa or gutkha if they don't consume they will be hungry and angry either they will eat around 30 rs meal for one time ...... 30x25= 750 which is less than 2.5x25=62 rs. ....

প্রণাম গুরুদেব, ভালো থাকবেন।

Great Sir

53:35 every time it says inaudible, he actually says "marginal utility". Whoever did the captions is not trained to hear those words, so it comes off as inaudible.

A lot younger abhijeet binayak banerjee.now a Nobel laureate

Why most genius people are so skinny

@siddharthraychaudhuri7250

4 жыл бұрын

Workaholics. Tend not to indulge in food and alcohol too much. But mostly because they walk a lot, or do cardiovascular exercises which are beneficial for the brain.

4 жыл бұрын

@@siddharthraychaudhuri7250 The exact fucking opposite, are you dumb? Workaholics eat a bunch of junk food and stuff while working.

@vishalyadavvashu

4 жыл бұрын

@ no need to be so rude

@alexismisselyn3916

4 жыл бұрын

@ you're both correct. My opinion is that to become a "genius" you must be disciplined, and if you are not disciplined (binge eating, obese/overweight), you might not be able to study as consistantly I think you don't have to be a workaholic to be a genius, and a lot of workaholics are skinny because they might eat junk and be unhealthy, but you can't gain weight if you're constantly running aroung and eating a meal every two days

@ankitmitawa765

4 жыл бұрын

It's only one...they get lost so much in their work.

You have to love the thumbnail

Way of speaking is like imitating others

Live with family Repair your stuff Shop at second hand stores Invest in dividend paying stocks Work over time Eat home made meals Exercise regularly ( not gym ) local parks , run Own as little as possible and buy GameStop shares!

2:53 Damn sure that was an Indian

Felt like Captain Jack Sparrow was lecturing me. ☺️

বাঙালী হিসেবে আমি গর্বিত

@Md-Nasif

4 жыл бұрын

Is he Bengali?

@user-lw9nc4ig9q

4 жыл бұрын

@@Md-Nasif yes

@nitishsaxena1372

4 жыл бұрын

He's half Bengali and half Gujarati. He himself revealed that recently

@vikasraghav5576

4 жыл бұрын

@@nitishsaxena1372 when? can you plzz provide link or anything

@arindamghosal7277

4 жыл бұрын

@@nitishsaxena1372 his parents are both Bengali.

So a university with a $28 Billion endowment needs donations to make videos of classes? That's rich.

@mitocw

2 жыл бұрын

The additional funds we are asking for is not survival but to thrive! MIT gives $1-2 million every year to MIT OpenCourseWare and that's not going away. We've been publishing for 20+ years now, e.g. MIT has given tens of millions of dollars away for free (not to mention the generous material contributions of all the instructors and students at MIT... which is purely voluntary). We will always be publishing courses... but we could always publish more with more money. You can help us publish more courses and help us share more knowledge. ocw.mit.edu/donate

@cutiepets664

2 жыл бұрын

@@mitocw mit I love you for putting this out. I also want to get in

@delco2035

2 жыл бұрын

@@mitocw thank you. Once a professor at a US public university told me their university was opened to the world. She had a Guy Debord poster on her office door, and really believed what she was saying. What i saw were enormous tuition fees, cards to enter the library, security and a lot of confort and fear of loosing it, and little groundbreaking research when everyone is busy being constantly evaluated. You are the only ones who are true to the task. Complete and free education on all topics should already be online and available to all. Thank you for participating in this, you honor the memory of all the ones who paved the way and give hope for a better future.

@aapponehyd4341

Жыл бұрын

Oooooooooooooooooooooooooooooooooo

Read Mr Abhijit book and agree with his research

Not a great thumbnail 😂

@127.

4 жыл бұрын

Thumbnail is meme material

@ArunNarasimhan_arun1997107

4 жыл бұрын

It looks like he's asking "Have you thought about saving? HAVE YOU THOUGHT ABOUT IT?"

@akashbavishi6615

3 жыл бұрын

Definitely not😅😂

regular Recommendation stuff

Thank you very much Sir Ji

This lead to Nobel prize.... Jai ho

What a bunch of crap! I can't believe they teach this at MIT, you should always save! Regardless of the situation, inflation, it doesn't matter, you will still have to pay inflated prices; If you are poor you might not have a choice, but if you can you should save!

I want to be a part of this.

Abhijeet Banerjee spotted , Advice accepted;

1:04 the legend go out of the class....

Does this channel provide full course or just giving superficial knowledge to students

A Marwari pawnbroker will know more about finances than a noble prize winner.

I'm shocked, no one walked out...

ROSCA in Brazil is named consorcio

7:17 Someone sneezed 4 times.

Nobel prize justified...

back in my day you would get cussed out for bringing a laptop to class.

Especially Agutya moni is first direction of Manu. As per griha shastra.

i needed a video to substantiate my belief that "savings" is OVER HYPED... thanks ;)

I don't see the need for a study (final part). It is pretty obvious this is what people do.

*Not even a single 1 year old comment* in the comments section for this 4 year old video...... Jeeez

At 1:00: I’m going to bunk, even if Nobel laureate teaches 😂