Context, CRC, context.

Post #7,389 by addison 8/31/01 9:43:06 PM Reply	Context, CRC, context. Elasticity just is a neutral measurement, not something normative that's "better" at one end of the scale and "worse" at the other. We're talking about markets, and economic modelling.Classically, the "free market" has infinite buyers, sellers, 0 elasticity, and perfect knowledge. A true "free market" really doesn't exist. (which has 0 elasticity, everything's interchangeable). But the closer you are to the "free" market, the better. (Or, why is it not better?) The more elastic things are, the more interchangable, the closer to said "simple model". The less elastic, the less interchangeable, the less you're able to negotiate, and the more you're tied to monopolies. I do wish you wouldn't pontificate with such absolute self-confidence on economics -- it really doesn't seem to be justified. When BP tells me shut up, I'll hush. In the meantime, I'll keep on being self-confident. :) Unless you'd like to cite differing theories, that is. Addison
Post #7,513 by CRConrad 9/2/01 7:09:18 PM Reply	What, you think BeeP is the only economist in here??? Addison writes: [Quoting me:] I do wish you wouldn't pontificate with such absolute self-confidence on economics -- it really doesn't seem to be justified. When BP tells me shut up, I'll hush. In the meantime, I'll keep on being self-confident. :) So what's he got that's so much better, in your opinion, than my B.Sc in Econ and BA -- with specialization in econometrics -- from Uppsala University, 1992? A Master's, perhaps? I wasn't too far off from that myself either, what with the extra courses I took, beyond the requirements for a Bachelor's, if that's any help... (What economics exam did you take, BeeP, and where and when?) Why should you doubt my word on shit like this in the first place, Addison, considering it's exactly this kind of shit that I've studied full-time (before you say it: from mostly American textbooks, so I'm not indoctrinated in some weird special kind of pseudo-Soviet Swedish Economics...) for far too many years -- which, AFAICT, you haven't? Oh, and either I'm reading you wrong, or your "0 elasticity, everything's interchangeable" and "The more elastic things are, the more interchangable ... The less elastic, the less interchangeable" seem to imply you think elasticity is somehow synonymous with interchangeability. That's a new one to me... Any input, BeeP? (ObPrescientLRPD: "(It's only a model...) SHHHH!") Christian R. Conrad The Man Who Knows Fucking Everything (Yes, When It Comes To Economics, He Really Fucking DOES Know!)
Post #7,523 by addison 9/2/01 10:45:15 PM Reply	No idea how many there are in here. But I'll say that your initial forays certainly didn't seem to indicate that level of education. Whether that's a mark on the learning, or the individual I won't comment on. :) Why should you doubt my word on shit like this in the first place, Addison, considering it's exactly this kind of shit that I've studied full-time Because I made a statement that should have been very easily understood by someone with econ background, and you jump and ridicule it, and say something that I consider to be at odds with that education you boast? Even with that knowledge now, I'd have to go back and edit and say "you should certainly know better". If you've had that much econ, then you know what I'm talking about. So to make the comment you did, that's at the time all I've got to measure your knowledge by. I'm not indoctrinated in some weird special kind of pseudo-Soviet Swedish Economics...) for far too many years -- which, AFAICT, you haven't? You're right. I've never studied any pseudo-Soviet Swedish Economics. Oh, and either I'm reading you wrong, or your "0 elasticity, everything's interchangeable" and "The more elastic things are, the more interchangable ... The less elastic, the less interchangeable" seem to imply you think elasticity is somehow synonymous with interchangeability. D'oh. You're right. There are seperate conditions, and they are in some cases related/linked, (which is what I was thinking about). They should be considered seperately, sorry about that. Mea Culpa. Addison
Post #7,531 by bepatient 9/2/01 11:34:12 PM Reply	Econometrics...cool I hated that ;) Even though it was probably one of the more interesting aspect of economics ...it was also not easy....until the teacher finally broke down and let us solve a model or 2 using an actual computer (the bastard)....we spend nearly 6 weeks solving a model by hand that we ran through the computer in about an hour.... the teachers explanation...(and unfortunately he was right)..."Now you understand the output...don't you?" Want a word that still makes me break into a cold sweat...multicollinearity. Your's is a BS also...most schools only offer BA in Econ anymore...seems like the new crop of kids don't feel that differential equations should be required study... Several exams...42 hours of economics.(that would be 14 college classes)....and an academic award. So figure at least a midterm and final in each...would be 28 exams...and say 2 more in at least half...so ...conservative estimate...42 exams. I still have the term papers (30 pages or more, each)...there were 6 of those. Add to that the other basic biz courses...Accounting, Marketing, Management, Finance...plus the basic psych, sociology, French, German (don't quiz me there...ich everything forgotten ;))(but I still have the book) Then grad school... No biggie. Econ was fun...the speciality really is antitrust. Main paper in graduate school was a full comparison of US and EU antitrust. And the current job requires yearly updates in antitrust...got to stay current so's to not get my employer into any trouble. You were born...and so you're free...so Happy Birthday! _{Laurie Anderson} [link\|mailto:bepatient@aol.com\|BePatient]

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