Episode 028 - Econometrics and The System - w/ Germinal G. Van

On this weeks episode, we have a crazy guest. Alongside Germinal G. Van, we have a in depth economic talk about Econometrics and The System. We dive into economic principles and philosophy, the different school of thoughts which impact our western civilization, the way it plays out, myths and misunderstandings of why economics and the quantification of that data is so critical to understanding the cause and effects. As individuals, everything we do comes at a cost, and that trade-off (opportunity cost) can be quantified through econometrics. Human dynamics works on the premise of playing a game of producing, consuming and allocating resources. Time, energy, money, property, and goods are all sorts of resources. We work to maintain a living and lifestyle. That implies allocating time and energy, to receive capital to put to work on other resources such to gain wealth, to eat, to live, to make memories. Germinal is a political scientist, economist, and scholar from Côte d’Ivoire living in the United States. He has published over a dozen books in political science and economics. His books include The Economic Development of West Africa in the Twenty-First Century, The Economic Condition of Black America in the Twentieth Century, Classical Liberalism in Africa, and Income Inequality and Economics. In addition to his books, Mr. Van has published numerous scientific papers on Research Papers in Economics, ResearchGate, and Academia.edu; and also published many columns with the Mises Institute and the Foundation for Economic Education (FEE). Mr. Van focuses his work in public choice theory and econometrics. He holds a bachelor’s degree in political science from the Catholic University of America, a master’s degree from the George Washington University in political management, and he is currently pursuing a certificate in statistics at Duke University Follow Germinal on Instagram - @germinalgvan Join our newsletter - www.newgenmindset.com