Economy
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Economics 101 -- 'How the Economic Machine Works.' ... How The Economic Machine Works by Ray Dalio

Burgess COMMENTARY
This is a quite good explanation of how the money economy works making good use of a mechanical engineering system metaphor. It falls short, however, in explaining where the energy to make this system work comes from. In this sense, this is a very conventional way of explaining the system and completely ignores the very important roles of nature and people.

This presentation is only about a part of the system ... and I am not sure that this is understood by its creator.
Peter Burgess

How The Economic Machine Works by Ray Dalio Bridgewater Bridgewater

Published on Sep 22, 2013

Economics 101 -- 'How the Economic Machine Works.'

Created by Ray Dalio this simple but not simplistic and easy to follow 30 minute, animated video answers the question, 'How does the economy really work?' Based on Dalio's practical template for understanding the economy, which he developed over the course of his career, the video breaks down economic concepts like credit, deficits and interest rates, allowing viewers to learn the basic driving forces behind the economy, how economic policies work and why economic cycles occur.

To learn more about Economic Principles visit: http://www.economicprinciples.org.

[Also Available In Chinese] 经济这台机器是怎样运行的: http://www.youtube.com/watch?v=-ZbeYe...

[Also Available In Russian] Как действует экономическая машина. Автор: Рэй Далио (на русском языке): http://youtu.be/8BaNOlIfMLE