Choi Go-min-su's Special Lecture on Economic History 2
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Description
Book Introduction
"Calm Man" Hot Topic Video: "Economic History Special Lecture"
Finally published as a book!
Conquering history, humanities, and geography in one volume
Too Much Economics Textbook
Choi Min-su, who left a strong impression with his excellent speaking skills on YouTube channels 'Calm Man' and 'Pani Bottle', has published 'Choi Min-su's Special Lecture on Economic History 2' based on the popular video 'Special Lecture on Economic History' that has over 1.45 million views.
It is a 'story of economics in world history' told in a chatty, cheerful, and lively way with a unique way of speaking.
The 'B4 paper' he carries around has become a hot topic in various media.
This B4 paper is filled with what he wants to say and 'too much information', and this book can be said to be the 'B4 economic history' that is truly like Choi Go-min-su, true to Choi Go-min-su, and unique to Choi Go-min-su.
It is filled with stories about money and economics in 90 topics spread across two volumes.
The story unfolds in a trajectory of history, from the Code of Hammurabi in ancient Mesopotamia to modern-day Brexit.
This book covers a vast range of topics in an easy-to-understand manner, making it accessible to everyone from students preparing for the humanities and social sciences, to job seekers who want to study current affairs, to bibliophiles who have always been interested in economic history.
On a hot summer night, let's go on a three-day, one-night economic history trip with him.
Finally published as a book!
Conquering history, humanities, and geography in one volume
Too Much Economics Textbook
Choi Min-su, who left a strong impression with his excellent speaking skills on YouTube channels 'Calm Man' and 'Pani Bottle', has published 'Choi Min-su's Special Lecture on Economic History 2' based on the popular video 'Special Lecture on Economic History' that has over 1.45 million views.
It is a 'story of economics in world history' told in a chatty, cheerful, and lively way with a unique way of speaking.
The 'B4 paper' he carries around has become a hot topic in various media.
This B4 paper is filled with what he wants to say and 'too much information', and this book can be said to be the 'B4 economic history' that is truly like Choi Go-min-su, true to Choi Go-min-su, and unique to Choi Go-min-su.
It is filled with stories about money and economics in 90 topics spread across two volumes.
The story unfolds in a trajectory of history, from the Code of Hammurabi in ancient Mesopotamia to modern-day Brexit.
This book covers a vast range of topics in an easy-to-understand manner, making it accessible to everyone from students preparing for the humanities and social sciences, to job seekers who want to study current affairs, to bibliophiles who have always been interested in economic history.
On a hot summer night, let's go on a three-day, one-night economic history trip with him.
- You can preview some of the book's contents.
Preview
index
prolog
2-1 The power of the absolute monarch, mercantilism
2-2 Adam Smith, the father of economics who criticized mercantilism
2-3 Free trade advocate David Ricardo, the theory of comparative advantage
2-4 The Industrial Revolution brought about by the mass production of cotton textiles
The Malthusian Trap: Casting Gloomy Light on the Optimism of the Industrial Revolution
2-6 Karl Marx, who said that capitalism would collapse
Alfred Marshall, who created the law of supply and demand
2-8 Luxury goods become more expensive, the Veblen effect
2-9 John Stuart Mill, the advocate of liberalism within utilitarianism
2-10 Continental System, Why Napoleon Went to Russia
2-11 The History of Mongolian Bortz, Napoleon's Canned Food, and Battle Rations
2-12 Rothschild, Five Broken Arrows
2-13 The Eiffel Tower, the Paris World's Fair, and the Birth of the Department Store
2-14 Britain's Opium War Provoked by the Worth of Tea
2-15 Empress Dowager Cixi, the Fall of the Qing Dynasty, and the True Story of Ah Q
The Beginning of the War Reparations Business: The Meiji Restoration
2-17 Dejima, Madame Butterfly, and the Battleship Island
2-18 The Boer War between the British and the Dutch over diamonds
2-19 Bismarck's unification of Germany and the outbreak of World War I
2-20 World War I and German Hyperinflation
2-21 Henry Ford's Conveyor Belt System, Popularizing the Automobile
2-22 Protectionism, the Smoot-Hawley Tariff, and the Great Depression
Keynes, who helped us overcome the Great Depression
There's No Free Lunch, Milton Friedman
2-25 The Great Depression in the United States led to the resurgence of Hitler.
2-26 Gandhi's Salt March and the Partition of India and Pakistan
2-27 The Burial of Confucian Scholars, the Cultural Revolution, and the Black Cat and White Cat Theory
2-28 The American Revolutionary War Caused by Excessive Taxation
2-29 The American Western Gold Rush and the Birth of the Transcontinental Railroad
2-30 American Civil War, Grayback and Greenback
2-31 Fiscal Policy vs. Monetary Policy
Reaganomics neoliberalism
2-32 Global Economy President, Federal Reserve, the central bank of the United States
The Bretton Woods system that created the US dollar as the reserve currency
2-34 Big Mac Index, Prices, and Goldilocks
2-35 Phillips Curve and Unemployment and Inflation
2-36 Income Inequality, the Lorenz Curve, and the Gini Coefficient
2-37 The Oil Hegemony Honeymoon and Competition Between Saudi Arabia and the United States
2-38 Monopoly and Antitrust Regulation, Sherman Act
2-39 Are Coca-Cola, Pepsi, Dr. Pepper, and Coca-Cola and Fanta substitutes?
The Concorde 2-40 passenger plane, the sunk cost fallacy
2-41 The Little Prince's Boa Constrictor M&A and the Winner's Curse
2-42 Subprime Mortgage Crisis and Lehman Brothers Bankruptcy
2-43 Britain's withdrawal from the European Union, the fire caused by Brexit
2-44 Gibraltar and Ceuta, Pillars of Hercules
2-45 Carnival, Flamenco and Tango
Image source
2-1 The power of the absolute monarch, mercantilism
2-2 Adam Smith, the father of economics who criticized mercantilism
2-3 Free trade advocate David Ricardo, the theory of comparative advantage
2-4 The Industrial Revolution brought about by the mass production of cotton textiles
The Malthusian Trap: Casting Gloomy Light on the Optimism of the Industrial Revolution
2-6 Karl Marx, who said that capitalism would collapse
Alfred Marshall, who created the law of supply and demand
2-8 Luxury goods become more expensive, the Veblen effect
2-9 John Stuart Mill, the advocate of liberalism within utilitarianism
2-10 Continental System, Why Napoleon Went to Russia
2-11 The History of Mongolian Bortz, Napoleon's Canned Food, and Battle Rations
2-12 Rothschild, Five Broken Arrows
2-13 The Eiffel Tower, the Paris World's Fair, and the Birth of the Department Store
2-14 Britain's Opium War Provoked by the Worth of Tea
2-15 Empress Dowager Cixi, the Fall of the Qing Dynasty, and the True Story of Ah Q
The Beginning of the War Reparations Business: The Meiji Restoration
2-17 Dejima, Madame Butterfly, and the Battleship Island
2-18 The Boer War between the British and the Dutch over diamonds
2-19 Bismarck's unification of Germany and the outbreak of World War I
2-20 World War I and German Hyperinflation
2-21 Henry Ford's Conveyor Belt System, Popularizing the Automobile
2-22 Protectionism, the Smoot-Hawley Tariff, and the Great Depression
Keynes, who helped us overcome the Great Depression
There's No Free Lunch, Milton Friedman
2-25 The Great Depression in the United States led to the resurgence of Hitler.
2-26 Gandhi's Salt March and the Partition of India and Pakistan
2-27 The Burial of Confucian Scholars, the Cultural Revolution, and the Black Cat and White Cat Theory
2-28 The American Revolutionary War Caused by Excessive Taxation
2-29 The American Western Gold Rush and the Birth of the Transcontinental Railroad
2-30 American Civil War, Grayback and Greenback
2-31 Fiscal Policy vs. Monetary Policy
Reaganomics neoliberalism
2-32 Global Economy President, Federal Reserve, the central bank of the United States
The Bretton Woods system that created the US dollar as the reserve currency
2-34 Big Mac Index, Prices, and Goldilocks
2-35 Phillips Curve and Unemployment and Inflation
2-36 Income Inequality, the Lorenz Curve, and the Gini Coefficient
2-37 The Oil Hegemony Honeymoon and Competition Between Saudi Arabia and the United States
2-38 Monopoly and Antitrust Regulation, Sherman Act
2-39 Are Coca-Cola, Pepsi, Dr. Pepper, and Coca-Cola and Fanta substitutes?
The Concorde 2-40 passenger plane, the sunk cost fallacy
2-41 The Little Prince's Boa Constrictor M&A and the Winner's Curse
2-42 Subprime Mortgage Crisis and Lehman Brothers Bankruptcy
2-43 Britain's withdrawal from the European Union, the fire caused by Brexit
2-44 Gibraltar and Ceuta, Pillars of Hercules
2-45 Carnival, Flamenco and Tango
Image source
Detailed image
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Into the book
As absolute monarchies with standing armies were strengthened, mercantilism emerged in the 15th to 18th centuries.
Mercantilism (heavy weight, hairy mercantilism) states that a country's wealth is determined by the amount of currency (gold and silver) it holds.
Domestically, it values commerce and industry, and externally, it seeks to increase the nation's wealth through protectionism and colonialism.
In other words, mercantilism is the logic of emphasizing commercial development.
---From "1-1 The Power of the Absolute King, Mercantilism"
Adam Smith's economics is based on the labor theory of value.
The labor theory of value is the theory that the value of a commodity is determined by labor time (amount of labor).
The substance of a commodity is the result of labor.
The value of a commodity is proportional to the labor time required to produce it.
Product B, which took 20 hours to make, is more valuable than Product A, which took 10 hours to make.
Labor hours = product value.
Reject the monetaryism that mercantilism emphasized.
Money is simply a medium of exchange.
---From "1-2 Adam Smith, the father of economics who criticized mercantilism"
Germany's annual revenue was 6 to 7 billion marks, while the reparations to the victorious powers amounted to 132 billion marks.
It was equivalent to 22 years' worth of German tax revenue.
The victorious nations decided to repay this money in long-term installments.
Germany argued that the measures were too harsh.
John Maynard Keynes, an economist who was representing the British Treasury at the time, also warned that it would ruin the German economy.
They also said that if they had to pay a huge compensation, they would start a war.
He demanded a revision of the Treaty of Versailles, but when the British government refused to accept it, he resigned from his position as representative.
As Keynes predicted, the German economy collapsed.
The German government, unable to pay reparations, printed money indiscriminately.
As a result, prices rose dramatically, leading to mass unemployment and a severe depression. The economic depression led to the establishment of a one-party dictatorship by Hitler's Nazi Party.
Nazi Germany refused to pay reparations, which led to World War II.
Hitler occupied Paris, France, which he had not taken in World War I.
---From "World War I and German Hyperinflation"
The decline in global trade caused by the Smoot-Hawley Tariff ultimately led to the worsening of the Great Depression in the United States in the 1930s.
Although overproduction and unemployment are cited as causes of the Great Depression, the Smoot-Hawley Tariff Act also had a significant impact.
Due to retaliatory tariffs and other factors, products produced were not sold, leading to inventory buildup, corporate bankruptcies, and worker layoffs.
The Great Depression devastated the global economy, not only in the United States but also in Europe.
The unemployment rate in the United States rose from 3% in 1929 to 25% in 1933.
World trade volume fell by a third between 1929 and 1933.
---From "2-22 Protectionism, the Smoot-Hawley Tariff Act, and the Great Depression"
Will the UK's self-imposed isolation improve after Brexit? 1) The British people experienced inconvenience due to the mass return of Eastern European workers after Brexit.
A sharp decline in the number of truck drivers has led to a logistics transport crisis.
The supply of gas at gas stations and fresh food at supermarkets was not smooth.
This is because parcel deliveries between the UK and the EU have not been made on time.
Ultimately, the vacancy left by Eastern European workers was filled by workers from non-EU countries that were former British colonies (such as India, Pakistan, and Nigeria).
In fact, the number of low-wage foreign workers has increased since before Brexit.
Mercantilism (heavy weight, hairy mercantilism) states that a country's wealth is determined by the amount of currency (gold and silver) it holds.
Domestically, it values commerce and industry, and externally, it seeks to increase the nation's wealth through protectionism and colonialism.
In other words, mercantilism is the logic of emphasizing commercial development.
---From "1-1 The Power of the Absolute King, Mercantilism"
Adam Smith's economics is based on the labor theory of value.
The labor theory of value is the theory that the value of a commodity is determined by labor time (amount of labor).
The substance of a commodity is the result of labor.
The value of a commodity is proportional to the labor time required to produce it.
Product B, which took 20 hours to make, is more valuable than Product A, which took 10 hours to make.
Labor hours = product value.
Reject the monetaryism that mercantilism emphasized.
Money is simply a medium of exchange.
---From "1-2 Adam Smith, the father of economics who criticized mercantilism"
Germany's annual revenue was 6 to 7 billion marks, while the reparations to the victorious powers amounted to 132 billion marks.
It was equivalent to 22 years' worth of German tax revenue.
The victorious nations decided to repay this money in long-term installments.
Germany argued that the measures were too harsh.
John Maynard Keynes, an economist who was representing the British Treasury at the time, also warned that it would ruin the German economy.
They also said that if they had to pay a huge compensation, they would start a war.
He demanded a revision of the Treaty of Versailles, but when the British government refused to accept it, he resigned from his position as representative.
As Keynes predicted, the German economy collapsed.
The German government, unable to pay reparations, printed money indiscriminately.
As a result, prices rose dramatically, leading to mass unemployment and a severe depression. The economic depression led to the establishment of a one-party dictatorship by Hitler's Nazi Party.
Nazi Germany refused to pay reparations, which led to World War II.
Hitler occupied Paris, France, which he had not taken in World War I.
---From "World War I and German Hyperinflation"
The decline in global trade caused by the Smoot-Hawley Tariff ultimately led to the worsening of the Great Depression in the United States in the 1930s.
Although overproduction and unemployment are cited as causes of the Great Depression, the Smoot-Hawley Tariff Act also had a significant impact.
Due to retaliatory tariffs and other factors, products produced were not sold, leading to inventory buildup, corporate bankruptcies, and worker layoffs.
The Great Depression devastated the global economy, not only in the United States but also in Europe.
The unemployment rate in the United States rose from 3% in 1929 to 25% in 1933.
World trade volume fell by a third between 1929 and 1933.
---From "2-22 Protectionism, the Smoot-Hawley Tariff Act, and the Great Depression"
Will the UK's self-imposed isolation improve after Brexit? 1) The British people experienced inconvenience due to the mass return of Eastern European workers after Brexit.
A sharp decline in the number of truck drivers has led to a logistics transport crisis.
The supply of gas at gas stations and fresh food at supermarkets was not smooth.
This is because parcel deliveries between the UK and the EU have not been made on time.
Ultimately, the vacancy left by Eastern European workers was filled by workers from non-EU countries that were former British colonies (such as India, Pakistan, and Nigeria).
In fact, the number of low-wage foreign workers has increased since before Brexit.
---From "2-43 Britain's Withdrawal from the European Union: The Trouble Caused by Brexit"
Publisher's Review
Choi Min-su's endless, entertaining and informative chatter!
Master economic history in the shortest time possible with minimal effort!
Many people believe the saying, 'history repeats itself.'
Because history has proven it.
Even if it appears to be a new event, its essential aspects are often not much different from events that have occurred in the past.
To understand and prepare for a rapidly changing world, we need to seek wisdom and answers from the past.
"Choi Min-su's Special Lecture on Economic History" explains major historical events from the four great civilizations to the present day, connecting them to the economy.
This book is divided into Volume 1 and Volume 2 based on ‘mercantilism.’
Volume 1 begins with the birth of ancient civilization and focuses on ancient Greece, Rome, and the Middle Ages.
Volume 2 focuses on the economic and industrial development that emerged from mercantilism.
It explains the theories and economic issues of major economists, along with historical truth.
The basis of this book is economically significant topics among the major historical events that shook world history.
The vast amount of historical content has been summarized and compressed to only the key points to increase comprehension.
"Choi Min-su's Special Lecture on Economic History" is the perfect book for readers who want to lay the foundation for economic history, which has often felt difficult.
Author Choi Go-min-su stated that the motto of this book is 'fun, entertaining, and also informative.'
He has been working at a securities-related institution in Yeouido for 27 years and is also a stock investment expert. He has generously shared his background knowledge in this book.
Just like in various YouTube videos, let's dive into the vivid storytelling as if Choi Min-soo is passionately explaining it right next to me.
Before you know it, the flow and context of economic history will be in your hands.
Master economic history in the shortest time possible with minimal effort!
Many people believe the saying, 'history repeats itself.'
Because history has proven it.
Even if it appears to be a new event, its essential aspects are often not much different from events that have occurred in the past.
To understand and prepare for a rapidly changing world, we need to seek wisdom and answers from the past.
"Choi Min-su's Special Lecture on Economic History" explains major historical events from the four great civilizations to the present day, connecting them to the economy.
This book is divided into Volume 1 and Volume 2 based on ‘mercantilism.’
Volume 1 begins with the birth of ancient civilization and focuses on ancient Greece, Rome, and the Middle Ages.
Volume 2 focuses on the economic and industrial development that emerged from mercantilism.
It explains the theories and economic issues of major economists, along with historical truth.
The basis of this book is economically significant topics among the major historical events that shook world history.
The vast amount of historical content has been summarized and compressed to only the key points to increase comprehension.
"Choi Min-su's Special Lecture on Economic History" is the perfect book for readers who want to lay the foundation for economic history, which has often felt difficult.
Author Choi Go-min-su stated that the motto of this book is 'fun, entertaining, and also informative.'
He has been working at a securities-related institution in Yeouido for 27 years and is also a stock investment expert. He has generously shared his background knowledge in this book.
Just like in various YouTube videos, let's dive into the vivid storytelling as if Choi Min-soo is passionately explaining it right next to me.
Before you know it, the flow and context of economic history will be in your hands.
GOODS SPECIFICS
- Date of issue: August 22, 2025
- Page count, weight, size: 400 pages | 666g | 152*215*25mm
- ISBN13: 9791194508427
- ISBN10: 1194508421
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