Collarspace Discussion Forums


Home  Login  Search 

Economics 101


View related threads: (in this forum | in all forums)

Logged in as: Guest
 
All Forums >> [Casual Banter] >> Off the Grid >> Economics 101 Page: [1] 2 3   next >   >>
Login
Message << Older Topic   Newer Topic >>
Economics 101 - 11/30/2008 9:19:03 PM   
variation30


Posts: 1190
Joined: 12/1/2007
From: Alabama
Status: offline
In the words of the person who taught me economics: "I, Pencil is a brilliant economic essay and introduction to economics. It helps one break away from the mental pitfall of looking at economics within a timeless, spaceless, non-causal vacuum."

http://www.fee.org/pdf/books/i,%20pencil%202006.pdf

it's the perfect start to properly understanding economics.


_____________________________

all the good ones are collared or lesbians.

or old.
Profile   Post #: 1
RE: Economics 101 - 11/30/2008 10:31:51 PM   
variation30


Posts: 1190
Joined: 12/1/2007
From: Alabama
Status: offline
The best introduction to economics is undoubtedly Hazlitt's Economics in One Lesson. http://jim.com/econ/contents.html
It is small, easy to digest, and episodic. The first few sentences of the original preface will give you an excellent introduction to this work:

"This book is an analysis of economic fallacies that are at last so prevalent that they have almost become a new orthodoxy. The one thing that has prevented this has been their own self-contradictions, which have scattered those who accept the same premises into a hundred different “schools,” for the simple reason that it is impossible in matters touching practical life to be consistently wrong. But the difference between one new school and another is merely that one group wakes up earlier than another to the absurdities to which its false premises are driving it, and becomes at that moment inconsistent by either unwittingly abandoning its false premises or accepting conclusions from them less disturbing or fantastic than those that logic would demand...When analyzing fallacies, I have thought it still less advisable to mention particular names than in giving credit. To do so would have required special justice to each writer criticized, with exact quotations, account taken of the particular emphasis he places on this point or that, the qualifications he makes, his personal ambiguities, inconsistencies, and so on. I hope, therefore, that no one will be too disappointed at the absence of such names as Karl Marx, Thorstein Veblen, Major Douglas, Lord Keynes, Professor Alvin Hansen and others in these pages. The object of this book is not to expose the special errors of particular writers, but economic errors in their most frequent, widespread or influential form. Fallacies, when they have reached the popular stage, become anonymous anyway. The subtleties or obscurities to be found in the authors most responsible for propagating them are washed off. A doctrine becomes simplified; the sophism that may have been buried in a network of qualifications, ambiguities or mathematical equations stands clear. I hope I shall not be accused of injustice on the ground, therefore, that a fashionable doctrine in the form in which I have presented it is not precisely the doctrine as it has been formulated by Lord Keynes or some other special author. It is the beliefs which politically influential groups hold and which governments act upon that we are interested in here, not the historical origins of those beliefs."

http://jim.com/econ/chap01p1.html

here's a supplement for chapter 2: http://www.youtube.com/watch?v=x610sFTAazs


_____________________________

all the good ones are collared or lesbians.

or old.

(in reply to variation30)
Profile   Post #: 2
RE: Economics 101 - 11/30/2008 11:25:31 PM   
MadAxeman


Posts: 4171
Joined: 8/28/2008
From: UK
Status: offline
Undoubtedly?
Who taught you this?

_____________________________

Hitman for the Subby Mafia

(in reply to variation30)
Profile   Post #: 3
RE: Economics 101 - 11/30/2008 11:49:58 PM   
variation30


Posts: 1190
Joined: 12/1/2007
From: Alabama
Status: offline
quote:

ORIGINAL: MadAxeman

Undoubtedly?
Who taught you this?


Undoubtedy.
An Austrian


_____________________________

all the good ones are collared or lesbians.

or old.

(in reply to MadAxeman)
Profile   Post #: 4
RE: Economics 101 - 11/30/2008 11:58:57 PM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
Status: offline

quote:

ORIGINAL: MadAxeman

Undoubtedly?
Who taught you this?


I'm guessing the voices.

(in reply to MadAxeman)
Profile   Post #: 5
RE: Economics 101 - 12/1/2008 12:00:35 AM   
variation30


Posts: 1190
Joined: 12/1/2007
From: Alabama
Status: offline
quote:

ORIGINAL: Musicmystery

I'm guessing the voices.


perhaps your criticisms would be more trenchant if they addressed Hazlitt's arguments...


_____________________________

all the good ones are collared or lesbians.

or old.

(in reply to Musicmystery)
Profile   Post #: 6
RE: Economics 101 - 12/1/2008 12:03:17 AM   
philosophy


Posts: 5284
Joined: 2/15/2004
Status: offline
quote:

ORIGINAL: variation30

quote:

ORIGINAL: Musicmystery

I'm guessing the voices.


perhaps your criticisms would be more trenchant if they addressed Hazlitt's arguments...



...but you're much funnier when you're all pissy and puffed up.

(in reply to variation30)
Profile   Post #: 7
RE: Economics 101 - 12/1/2008 12:22:15 AM   
variation30


Posts: 1190
Joined: 12/1/2007
From: Alabama
Status: offline
quote:

ORIGINAL: philosophy

...but you're much funnier when you're all pissy and puffed up.


is that what I am?


_____________________________

all the good ones are collared or lesbians.

or old.

(in reply to philosophy)
Profile   Post #: 8
RE: Economics 101 - 12/1/2008 12:25:02 AM   
philosophy


Posts: 5284
Joined: 2/15/2004
Status: offline
quote:

ORIGINAL: variation30

quote:

ORIGINAL: philosophy

...but you're much funnier when you're all pissy and puffed up.


is that what I am?



...not so far in this specific thread, but give it time.........at one point you always seem to end up that way. Usually when someone either a) provides you with a counter argument you can't easily disprove, or b) when someone suggests that society has value in and of itself.

(in reply to variation30)
Profile   Post #: 9
RE: Economics 101 - 12/1/2008 12:27:46 AM   
variation30


Posts: 1190
Joined: 12/1/2007
From: Alabama
Status: offline
quote:

ORIGINAL: philosophy

...not so far in this specific thread, but give it time.........at one point you always seem to end up that way. Usually when someone either a) provides you with a counter argument you can't easily disprove, or b) when someone suggests that society has value in and of itself.


at the most, I will roll my eyes. though if certain people post in quick succession, they could very well give me a migraine.


_____________________________

all the good ones are collared or lesbians.

or old.

(in reply to philosophy)
Profile   Post #: 10
RE: Economics 101 - 12/1/2008 12:39:33 AM   
philosophy


Posts: 5284
Joined: 2/15/2004
Status: offline
quote:

ORIGINAL: variation30

quote:

ORIGINAL: philosophy

...not so far in this specific thread, but give it time.........at one point you always seem to end up that way. Usually when someone either a) provides you with a counter argument you can't easily disprove, or b) when someone suggests that society has value in and of itself.


at the most, I will roll my eyes. though if certain people post in quick succession, they could very well give me a migraine.



...how quick?

(in reply to variation30)
Profile   Post #: 11
RE: Economics 101 - 12/1/2008 12:44:52 AM   
variation30


Posts: 1190
Joined: 12/1/2007
From: Alabama
Status: offline
quote:

ORIGINAL: philosophy

...how quick?


if I go into a thread on economics or monetary policy late and have to read several posts about how the stock market going down means our economy loses money or how prices are objective or how government has a proper role to do x or any sentence that uses the word 'society' as if it were an actual entitiy...that will do the trick.


_____________________________

all the good ones are collared or lesbians.

or old.

(in reply to philosophy)
Profile   Post #: 12
RE: Economics 101 - 12/1/2008 5:22:52 AM   
Irishknight


Posts: 2016
Joined: 9/30/2007
Status: offline
quote:

ORIGINAL: variation30

quote:

ORIGINAL: philosophy

...how quick?


if I go into a thread on economics or monetary policy late and have to read several posts about how the stock market going down means our economy loses money or how prices are objective or how government has a proper role to do x or any sentence that uses the word 'society' as if it were an actual entitiy...that will do the trick.


Don't worry, Phil.  I've got the requirements and I am working on a 1000 word essay to drive him to buy more migraine meds.  I have to do my part for the economy.

Lets see ... objective prices, government's proper role and society as an entity.   I am on it.     j/k

(in reply to variation30)
Profile   Post #: 13
RE: Economics 101 - 12/1/2008 6:14:38 AM   
rexrgisformidoni


Posts: 578
Joined: 9/20/2008
Status: offline
I'm just wondering why austrians are experts? Did I miss something somewhere along the line? I guess the only economic model I truly trust is the one in my wallet, the ole checkbook. Keep it in the black.

_____________________________

when all you have is a hammer, everything begins to look like nails

“I am the punishment of God...If you had not committed great sins, God would not have sent a punishment like me upon you.”

Genghis Khan

(in reply to Irishknight)
Profile   Post #: 14
RE: Economics 101 - 12/1/2008 6:23:27 AM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline
Hey Var,  I skimmed the 2 readings.  I am glad someone thinks beyond the soundbite.  Keep it up!  this is how we fix the world.  I understand a whole bunch of EU stuff came online for free. When I looked the site was down.

the world we think we know is not the world.  it is a false glance of a portion of it.

basically the banks did a massive ponzi scheme, so here we are.   if there is any type of rescue, the cost will be unbelievable.  these guys do not work for free.

indeed the world dancing for the global bankers.  and those who dont are villains.    snub the bankers by not giving them your money, then you become chevas, iran or no korea.  isnt that convenient?

these bankers are now trying to collapse the US. they might actually pull it off- which wil render the US latin america, who knows we could see an exxudus to the south.

the hunt brothers cornered the silver market so that Texas could seceed.   TX unlike any other state is based on treaty.   of course the banks wont have this. so they stopping the hunt bros.

give them your money or else!!   in latin america a $15 water bill can put a lien and loose the family their house!!!    this is what will come to America if it is not stopped.

We all better hope and pray that key people can stop these guys!   We think we have it bad- but you aint seen anything yet!

Check out Lyndon Larouche.   You can grasp his positions.  as long as the banks are in power, nothing else is relevent.

(in reply to Irishknight)
Profile   Post #: 15
RE: Economics 101 - 12/1/2008 6:40:44 AM   
variation30


Posts: 1190
Joined: 12/1/2007
From: Alabama
Status: offline
quote:

ORIGINAL: rexrgisformidoni

I'm just wondering why austrians are experts? Did I miss something somewhere along the line? I guess the only economic model I truly trust is the one in my wallet, the ole checkbook. Keep it in the black.


being the only school to accurately predict the time and cause of the great depression and the only school to predict the detrimental effects of government programs that would extend the great depression all the way up to being the only school who accurately predicted the effect the Smithsonian Agreement would have on the price of gold (sorry keynesians and friedmanites, wrong again) and so on, I would suggest that they are the only school worth paying attention to.

if you disagree, I'd suggest you argue with Hazlitt's list of fallacies or Mises' writing.


_____________________________

all the good ones are collared or lesbians.

or old.

(in reply to rexrgisformidoni)
Profile   Post #: 16
RE: Economics 101 - 12/1/2008 6:44:47 AM   
rexrgisformidoni


Posts: 578
Joined: 9/20/2008
Status: offline
I neither agree or disagree. Like I said the only theory I believe is the one in my checking account. Of course it has far reaching effects, but I don't feel like getting into it, I have a paper to write. 

_____________________________

when all you have is a hammer, everything begins to look like nails

“I am the punishment of God...If you had not committed great sins, God would not have sent a punishment like me upon you.”

Genghis Khan

(in reply to variation30)
Profile   Post #: 17
RE: Economics 101 - 12/1/2008 7:23:11 AM   
variation30


Posts: 1190
Joined: 12/1/2007
From: Alabama
Status: offline
quote:

ORIGINAL: rexrgisformidoni

I neither agree or disagree. Like I said the only theory I believe is the one in my checking account. Of course it has far reaching effects, but I don't feel like getting into it, I have a paper to write. 


strictly speaking, you're going to have to either agree or disagree...

but on a more pragmatic note, the theory of your checking account is held by national monetary policy...so if I were you, I'd look into economics to know when the theory of your checking account should become the theory of your 10oz pamp suiss bars.


_____________________________

all the good ones are collared or lesbians.

or old.

(in reply to rexrgisformidoni)
Profile   Post #: 18
RE: Economics 101 - 12/1/2008 7:35:43 AM   
Hippiekinkster


Posts: 5512
Joined: 11/20/2007
From: Liechtenstein
Status: offline
quote:

ORIGINAL: rexrgisformidoni

I'm just wondering why austrians are experts? Did I miss something somewhere along the line? I guess the only economic model I truly trust is the one in my wallet, the ole checkbook. Keep it in the black.
Well, it's because the Austrians base their voodoo on "Axioms" rather than empirical evidence.
http://en.wikipedia.org/wiki/Axiom

_____________________________

"We are convinced that freedom w/o Socialism is privilege and injustice, and that Socialism w/o freedom is slavery and brutality." Bakunin

“Nothing we do, however virtuous, can be accomplished alone; therefore we are saved by love.” Reinhold Ne

(in reply to rexrgisformidoni)
Profile   Post #: 19
RE: Economics 101 - 12/1/2008 7:56:41 AM   
rexrgisformidoni


Posts: 578
Joined: 9/20/2008
Status: offline
Strictly speaking, I don't have to agree or disagree with anything. And national monetary policy is something to be honest I could care less about. Like I said, I'm in the black, so my policy/theory is sound as far as I am concerned. I think the same policy/theory could be applied to the government, keep a balanced "checkbook", don't run a deficit, and handle the big priorities first. Anyhow, I'll check back in a bit, probably after my eyes cross from reading Supreme Court cases. 

_____________________________

when all you have is a hammer, everything begins to look like nails

“I am the punishment of God...If you had not committed great sins, God would not have sent a punishment like me upon you.”

Genghis Khan

(in reply to variation30)
Profile   Post #: 20
Page:   [1] 2 3   next >   >>
All Forums >> [Casual Banter] >> Off the Grid >> Economics 101 Page: [1] 2 3   next >   >>
Jump to:





New Messages No New Messages
Hot Topic w/ New Messages Hot Topic w/o New Messages
Locked w/ New Messages Locked w/o New Messages
 Post New Thread
 Reply to Message
 Post New Poll
 Submit Vote
 Delete My Own Post
 Delete My Own Thread
 Rate Posts




Collarchat.com © 2025
Terms of Service Privacy Policy Spam Policy

0.141