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Lecture 01: Why Study Public Finance?

193.1K views· 6,437 likes· 53:19· Feb 4, 2026

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MIT 14.41, Public Finance and Public Policy, Fall 2024 Instructor: Prof. Jonathan Gruber View the complete course: https://ocw.mit.edu/courses/14-41-public-finance-and-public-policy-fall-2024/ YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP62KS2YhlASvGBxxL8HgB11p In this lecture Prof. Gruber discusses the importance of studying public finance, which is the role of the government in the economy. When should the government intervene? How should the government intervene? What is the effect of those interventions? License: Creative Commons BY-NC-SA More information at https://ocw.mit.edu/terms More courses at https://ocw.mit.edu Support OCW at http://ow.ly/a1If50zVRlQ We encourage constructive comments and discussion on OCW’s YouTube and other social media channels. Personal attacks, hate speech, trolling, and inappropriate comments are not allowed and may be removed. More details at https://ocw.mit.edu/comments.

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