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weho1 (November 30, 1999 at 12:00 am)
@JessicaBelle81 Was the complete failure and violent collapse of Pinochet's facist Gov't which relied and followed the Austrian School of Economics and Milton Friedman's policies also predicted by the Mises? If not, why not?
weho1 (November 30, 1999 at 12:00 am)
Is there more greed now than b4 Klein asks in a idiotic condescending tone? Did greed cause sub-prime mortgage Wall St. melt down? Well Peter since you're not capable of figuring out the obvious get a clue from bank robber Willie Sutton, why? "Because that's where the money is". There's no more greed now than b4 but if U R a shark swiming in the ocean and find an opportunity to feed on a walrus or a whale which one R U going to choose? Dirivitives = a 500+ Trillion $ Whale. Understand now Peter?
lavedon (November 30, 1999 at 12:00 am)
@whoo689 Respectuflly, I'm not sure this is true. In many ways things have gotten worse. Computers allow much more sophisticated models to be built with lots of variables---and many more ways to miss calibrate the model. I thought Nassim Taleb's books explained these problems well to the laymen. Certainly in a way more articulate then I can.
lavedon (November 30, 1999 at 12:00 am)
@whoo689 Good point. Keep in mind the rate of monetary expansion is quite high but the velocity of money is low. This can be even more dangerous because risk will build up in the system and when the velocity of money picks up again. BAM. There are of course other effects besides inflation risk that can be harmful.
Darwinist (November 30, 1999 at 12:00 am)
@whoo689
Agricultural economics are important because agriculture is the foundation of human life. Only 2% of Americans may be farmers, but 100% of Americans eat food....EVERY DAY!
It is only because of the vast amount of capital accumulation through saving and investment over the last 200 years that 98% of the population can do something that's NOT farming ;)
whoo689 (November 30, 1999 at 12:00 am)
How complex can something based off of crop trading and selling really be?? Agricultural econ. can't possibly be worth writing an entire textbook or teaching courses. I'm sure you could sum it up in 10 pages or less.
whoo689 (November 30, 1999 at 12:00 am)
Peter Klein sounds like a bright guy, and it's great that he speaks at Mises, but why does he waste his time here at Mizzou (where I attend) teaching something like Agricultural Economics?? Who cares??? Only 2% of America is even farmers! It's not really much of an economy. Why waste time studying it? Wouldn't his efforts be better focused teaching Austrian economics here at Mizzou too?
Does he honestly think Agricultural Econ. is somehow interesting? Ooh, corn prices. fun
LordVigeous666999 (November 30, 1999 at 12:00 am)
I liked, Socially Responsible Statistics
iferraro (November 30, 1999 at 12:00 am)
well, they weren't funny.
surgednb (November 30, 1999 at 12:00 am)
to answer your question: Are business schools to blame?
1. Long answer: Yes
2. Short answer: no with a but... |
