Econ 012 ~ WorldCon (aka Global-ism)
Econ 012 ~ WorldCon (aka Global-ism) Read More »
Economics
Econocentric—Our current GODD
~Not so long ago—say 400 years or so—the powers-that-were claimed the earth was the center of the universe—AS IN geocentric. [Update: it appears as of 2015 that the question has reopened.*] A newer version of these “good old dogma days” (GODD) has been with us now for over 100 years—AS IN econocentric—wherein money (under the
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Back to Square 1601
~Why 1601? Because those were the good old dogma days when “truth” had no obligation to conform to observed reality and measurement! Those were the days before the enlightenments of Galileo, Bacon, Locke, Newton, etc. Those were the days when the Church (or King or Baron or local aristocrat) spoke and “truth” reigned. Now, in
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Twelve Truths My Economist Never Told Me
~SMS~1. Markets are rational—except when more frequently, they are not. 2. Moral hazard is to leverage your leverage. 3. There are stock puffers & stock prickers—and therein lies the grub. 4. Efficient Market Hypothesis is a congenital myth—somewhat like Santa Claus.[1] 5. Oversupply and under-demand are the norm—except when less frequently, they are not. 6.
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Econ 010 ~ Then & Now
(Tea Party 1 : Tea Party 2) To the offended: You may be adamantly against the recent stimulus packages and bailouts of Big Business (as proffered by GWB and BHO), but if you are a laissez-faire capitalist or corporate libertarian, you are a porter for economic tyranny (as in T-Party) whether you admit it or
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Econ 009 ~ Church of the Laissez-faire
~ http://dejavu-times.blogspot.com/2009/08/ten-dictates-practicalities-of-laissez.htmlhttp://dejavu-times.blogspot.com/2010/06/yes-we-get-it.html
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