12. Trade & Forex

1. Traditional Trade Theory

381: Menger IV This video proves that Menger’s perfect exchange solution is implausible.
382: Menger V This video reproduces Ricardo’s comparative advantage and gain from exchange.
034: Ricardo’s Miserable Gain This video proves that Ricardo’s gain from comparative advantage is miserably small.
035: Comparative Disadvantage This video proves that Ricardo’s trade theory implies comparative disadvantage.
008: The Monstrous Trade Model This video proves that the traditional trade model tries to combine an elephant and a giraff together.
260: Offer Curve This video disproves Scitovsky’s offer curve.
261: Offer Curve II This video reproduces Scitovsky’s offer curve.
007: The Trade Deficit Illusion This video proves that most countries enjoy trade surplus.

2. Traditional Tariff Theory

256: Tariff IV This video disproves Kahn’s tariff theory.
257: Tariff V This video supports Graaff’s negative tariff theory.
258: Tariff VI This video proves that Kemp’s tariff is actually export subsidy.
259: Tariff VII This video disproves the tariff theory by Kemp and Shimomura.
263: Protectionism This video disproves the protectionism theory by Grossman and Helpman.
265: Supply Tax This video disproves the optimal tax theory for supply.
262: Singular Indifference Curve III This video reduces another utility function into a singular indifference curve.
141: Stupid Tax Theory This video shows that Pigou’s tax theory is extremely stupid.

3. Traditional Forex Theory

025: Forex Market VII This video disproves the Marshall-Lerner condition.
026: Forex Market VIII This video disproves the excessive demand version of Marshall-Lerner condition.
024: Forex Market VI This video disproves the blame of inelastic foreign demand.
019: Forex Market I This video disproves the traditional forex market theory for imports and exports belong to two markets.

4. OC Trade Theory

040: Walras’ Puzzle This video shows how Walras could not derive from a negative demand curve a positive supply curve.
314: Offer Curve III This video produces an offer curve for John.
244: Tariff I This video shows the automatic adjustment of two offer curves.
250: EPZ This video shows that the Lerner theory of trade applies only to EPZ.
240: Lerner’s Symmetry This video proves that Lerner’s accounting has confused debit and credit.
241: Lerner’s Symmetry II This video proves that Lerner has confused the exchange relation.

5. OC Tariff Theory

239: Lerner’s Ransom This video proves that Lerner’s tariff theory holds us to ransom, every time.
245: Tariff II This video shows how to measure tariff correctly.
242: Lerner’s Symmetry III This video derives a new tariff symmetry theory.
247: Tariff III This video proves that tariff is harmful and stupid.
246: Smuggling This video proves that tariff encourages two-side smuggling.
264: Tax Incidence II This video proves that optimal tariff may be very disappointing.
243: Lerner’s Symmetry IV This video derives a new tariff theory: taxing the exporters.
124: Quota I This video proves that Krueger’s rent-dissipation theory is killing innocent people.
125: Quota II This video proves that Krueger’s rent-dissipation theory erroneously increases export.

6. OC Forex Theory

020: Forex Market II This video proves that depreciation reduces export.
022: Forex Market IV This video confirms that depreciation cannot boost export.
023: Forex Market V This video proves that depreciation boots colonial export.
251: Depreciation III This video reveals how depreciation exploits domestic resource.
248: Depreciation I This video revitalises prices from their relative ratio.
249: Depreciation II This video reveals the double damage caused by depreciation.
234: Seigniorage IV This video proves that printing money is more detrimental than taxation.
021: Forex Market III This video proves that depreciation is the result of excess printing.

7. Int’l Monetary System

009: Krugman’s Medieval Theory of Bubbles When economists cannot explain some real life observations, they pray for something supernatural.
010: Krugman’s Half-Baked Model This video completes Krugman’s currency crisis theory.
011: 1929 This video explains the cause of the 1929 crisis.
012: The Bretton Fools This video proves that the Bretton Woods system was designed by some fools.