October 13, 2012

Punk Economics


When I was still in primary school, punk rock emerged – it seemed to me – out of nowhere and re-invented music. Before, music to me was an overblown, self-indulgent, long-winded prog-rock concept album about prisms and rainbows. Even as a youngfella, my vision of hell was being locked in a room with Genesis albums on a never-ending loop (it still is). Punk blew that world apart and changed the way we listened to music, the way it looked, sounded – and what it meant. Economics and economic analysis has become similarly overblown and self-indulgent. Worse still, many (not all) economists have failed to make it simple, easy and comprehensible for the vast majority of people, something economics must be, if it’s to be of any use to us. Punk Economics tries to do with economics what punk rock did with music – change the way it looks, feels and sounds using animation. Cartoons help us break things down – they’ve helped me since I was a child. I am blessed to work with the brilliant artist Mark Flood on these videos and I hope that they make the economic world a bit easier to get your head around. I suppose it’s a public service, but I love doing it. One day I might even figure out how to get paid, but for now let’s plough on. Up to now — October 2012 – over 400,000 people have watched these Punk Economics videos, so thanks so much for your support.


  1. [...] strategic commodities are under serious pressure, made obvious by ’punk economics‘ economist and Irish journalist, David [...]

  2. [...] own flavour of behavioural economics influenced analysis is labelled Punk Economics and this clip is part of a series of films under the same banner. All of which are ably illustrated [...]

  3. [...] is part of a wider series by the economist David McWilliams. If you like this as much as we did then you’ll probably want to watch the 8 others in the [...]

  4. [...] economist David McWilliams teams up with illustrator Mark Flood in the groundbreaking Punk Economics series, using cartoon illustrations to delve into the basics of Economics and current economic [...]

  5. Anonymous American

    I agree that the elites want to federalize europe. But the reason is what you are missing. It goes right back to the same reason why the american elite federalised the several states to form the USA over 200 years ago: federalization helps the elite control nations because federalization creates larger electoral voting districts. Larger districts have more factions, and more factions means less unity. A less unified populace means that the populace is less able to elect and hold accountable politicians because the populace shares fewer common interests.

    That leaves the door open for the elite to control the govt.

    Federalization is a democracy-dampening device.

    This was all spelled out by the american elites over 200 years ago in the documents associated with the creation of the american federal union. Read Dr Fresia’s online book TOWARD AN AMERICAN REVOLUTION and read Dr Holton’s book UNRULY AMERICANS.

    Once the elite have federalized europe as they did the USA they can take more control and pump even more cheap 3rd world labor, destroy workers rights and the welfare state.

    Standard tactics.

    So, you only have half the picture.

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