Sohan Posted December 29, 2006 Posted December 29, 2006 Personally, I prefer the Keynesian macroeconomic approach, with its assumption of an economic model which was qualitatively different from microeconomic models, yet one that maintains its relationship to the underlying microeconomic behaviors. I realize that flaws exist, such as Keynes' assumption that marginal labor productivity decreases with expanding employment (an assumption that is incompatible with Okun's Law---which describes the relationship between the change in the rate of unemployment and the difference between actual and potential real GDP), but it can't be denied that Keynes' support for interventionist government policy (the use of fiscal and monetary measures to minimize adverse effects of economic downturns and booms) has made a profound impact on the stability of the global economy. What do you think?With respect,Sohan "If I cannot become one of extraordinary accomplishment, I will not walk the earth." Zen Master Nakahara Nantenbo"A man who has attained mastery of an art reveals it in his every action." Samuarai maxim"Knowing others is wisdom; knowing yourself is Enlightenment." Lao-Tzu
bushido_man96 Posted December 30, 2006 Posted December 30, 2006 Well, I can't really answer this one very well...a little over my head.In junior college, I took micro- and macroeconomics classes, and I did enjoy them. However, I enjoyed the macro class more, as it seemed like it wasn't as attached to formulas and such.You got some deep stuff going here, Sohan! https://www.haysgym.comhttp://www.sunyis.com/https://www.aikidoofnorthwestkansas.com
Sohan Posted December 30, 2006 Author Posted December 30, 2006 Well, I can't really answer this one very well...a little over my head.In junior college, I took micro- and macroeconomics classes, and I did enjoy them. However, I enjoyed the macro class more, as it seemed like it wasn't as attached to formulas and such.You got some deep stuff going here, Sohan! With respect,Sohan "If I cannot become one of extraordinary accomplishment, I will not walk the earth." Zen Master Nakahara Nantenbo"A man who has attained mastery of an art reveals it in his every action." Samuarai maxim"Knowing others is wisdom; knowing yourself is Enlightenment." Lao-Tzu
Havoc88 Posted December 30, 2006 Posted December 30, 2006 I go with the keynesian macroeconomic approach also. The classic view is way to far away from the reality, based on rationality and stuf. I do enjoy learning both though, since you can only truly understand keynesian when you also know his precessors.Microeconomics is more my thing though. Just love game theory! Tom Train harder!Currently: 7th kyu, yellow belt
Elky Posted December 30, 2006 Posted December 30, 2006 Personally, I prefer the Keynesian macroeconomic approach, with its assumption of an economic model which was qualitatively different from microeconomic models, yet one that maintains its relationship to the underlying microeconomic behaviors. I realize that flaws exist, such as Keynes' assumption that marginal labor productivity decreases with expanding employment (an assumption that is incompatible with Okun's Law---which describes the relationship between the change in the rate of unemployment and the difference between actual and potential real GDP), but it can't be denied that Keynes' support for interventionist government policy (the use of fiscal and monetary measures to minimize adverse effects of economic downturns and booms) has made a profound impact on the stability of the global economy. What do you think?With respect,SohanWhat the Sam Hill are you talking about?!?!?
username8517 Posted December 30, 2006 Posted December 30, 2006 Unfortunatley I don't think I can respond to the poll as I don't think I've retained a single thing from any of the economics classes I took in college.
Sohan Posted December 30, 2006 Author Posted December 30, 2006 What the Sam Hill are you talking about?!?!? Just making conversation.... With respect,Sohan "If I cannot become one of extraordinary accomplishment, I will not walk the earth." Zen Master Nakahara Nantenbo"A man who has attained mastery of an art reveals it in his every action." Samuarai maxim"Knowing others is wisdom; knowing yourself is Enlightenment." Lao-Tzu
Havoc88 Posted January 8, 2007 Posted January 8, 2007 Sohan, I see you are interested in economics. Did you study it? Maby you can recommend me some books or something?Thanks in advance!Tom Train harder!Currently: 7th kyu, yellow belt
Sohan Posted January 8, 2007 Author Posted January 8, 2007 Sohan, I see you are interested in economics. Did you study it? Maby you can recommend me some books or something?Thanks in advance!TomGot my MBA back in 2001, but it was in marketing. I've regretted since not pursuing accounting or finance, since it appears that's where the jobs are today. Jobs in econ are not easy to find unless you work for the government.Books? Depends on your current educational level. I think you said you're 18, so I assume you haven't had too much business coursework in school yet. If you are ambitious, you could start with Adam Smith's Wealth of Nations, or John Maynard Keynes' General Theory of Employment, Interest, and Money, though if you have no economics background at all, Economics for Dummies is a surprisingly good introduction. It was written by Sean Flynn, who is a professor at Vassar. The cool thing about Professor Flynn is that he is an expert in Aikido, as well as economics!With respect,Sohan "If I cannot become one of extraordinary accomplishment, I will not walk the earth." Zen Master Nakahara Nantenbo"A man who has attained mastery of an art reveals it in his every action." Samuarai maxim"Knowing others is wisdom; knowing yourself is Enlightenment." Lao-Tzu
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