Who Here Is an Economist?

Off Topic Politics & World Issues
41

[quote]orion wrote:
and1bball4mk wrote:
Brother Chris wrote:
and1bball4mk wrote:
As an economics major, maybe I can weigh in a little. Psychology is a huge part of economics. Economists use economics to predict how consumers will act, as well as making assumptions on behalf of the consumer to form future economic predictions (phillips curve, inflation expectations, cardinal utility, equimarginal principle).

If an economist uses a Phillips curve to prove their point, I would call them a buffoon.

  • Brother

I like how you defended your point there. You offered up some real good reasons as to why the Phillips Curve is a useless metric that does not effectively show the relationship between inflation and unemployment.

Want me to take apart cardinal utility or would Rothbards article be enough?

[/quote]

I didn’t quote you nor make a sarcastic remark your way. However, I would love for you to do that…posting the article would be nice too. I love learning.

42

[quote]and1bball4mk wrote:
orion wrote:
and1bball4mk wrote:
Brother Chris wrote:
and1bball4mk wrote:
As an economics major, maybe I can weigh in a little. Psychology is a huge part of economics. Economists use economics to predict how consumers will act, as well as making assumptions on behalf of the consumer to form future economic predictions (phillips curve, inflation expectations, cardinal utility, equimarginal principle).

If an economist uses a Phillips curve to prove their point, I would call them a buffoon.

  • Brother

I like how you defended your point there. You offered up some real good reasons as to why the Phillips Curve is a useless metric that does not effectively show the relationship between inflation and unemployment.

Want me to take apart cardinal utility or would Rothbards article be enough?

I didn’t quote you nor make a sarcastic remark your way. However, I would love for you to do that…posting the article would be nice too. I love learning.

[/quote]

Is posting here about the pursuit of knowledge or a pissing contest?

Obviously, it can be both.

And that should do he trick.

43

[quote]orion wrote:
and1bball4mk wrote:
orion wrote:
and1bball4mk wrote:
Brother Chris wrote:
and1bball4mk wrote:
As an economics major, maybe I can weigh in a little. Psychology is a huge part of economics. Economists use economics to predict how consumers will act, as well as making assumptions on behalf of the consumer to form future economic predictions (phillips curve, inflation expectations, cardinal utility, equimarginal principle).

If an economist uses a Phillips curve to prove their point, I would call them a buffoon.

  • Brother

I like how you defended your point there. You offered up some real good reasons as to why the Phillips Curve is a useless metric that does not effectively show the relationship between inflation and unemployment.

Want me to take apart cardinal utility or would Rothbards article be enough?

I didn’t quote you nor make a sarcastic remark your way. However, I would love for you to do that…posting the article would be nice too. I love learning.

Is posting here about the pursuit of knowledge or a pissing contest?

Obviously, it can be both.

And that should do he trick.

[/quote]

Thanks.

I guess it depends on with whom you are debating. With you and a few others, it’s a pursuit of knowledge. With Headhunter and the gang, mostly a pissing contest…but even that is being generous.

44

One of my dads majors was in economics at Dartmouth. I really should get around to asking him what he thinks of the situation right now.