THE BORE

General => The Superdeep Borehole => Topic started by: Forgotten Ancient on June 22, 2009, 01:45:33 PM

Title: Oh great
Post by: Forgotten Ancient on June 22, 2009, 01:45:33 PM: Summer I ends with tomorrow's final which means Summer II begins on Thursday!

With only 3 courses left until graduation, I've been intensely focused on kicking ass en route to a degree. Things were going smoothly until I discovered my Summer II course, Strategic Business Solutions ( :yuck) is requiring me to read this:

(http://ecx.images-amazon.com/images/I/41JX8FMGNZL.jpg)

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F. A. Hayek is considered a pioneer in monetary theory, the preeminent proponent of the libertarian philosophy, and the ideological mentor of the Reagan and Thatcher "revolutions."

:-\
Title: Re: Oh great
Post by: Brehvolution on June 22, 2009, 01:49:36 PM: It's only Socialism when the Democrats do it.
Title: Re: Oh great
Post by: Madrun Badrun on June 22, 2009, 02:02:54 PM: summer school. :'( :'( :'(
Title: Re: Oh great
Post by: Madrun Badrun on June 22, 2009, 02:11:45 PM: I actually enjoy this one but I feel entirely dead because of the workload. Summer term II might be worse too :'( :'( :'(
Title: Re: Oh great
Post by: Kestastrophe on June 22, 2009, 02:18:06 PM: Whoever thought it was a good idea to have Econometrics offered in a 7 week summer course should be slapped :'(

Anyways, about Hayek. He believed that it was impossible for a single entity to have all of the knowledge that the individual specialists possessed and are communicated through prices (i.e. efficient market). He concedes that information, even possessed by the individuals, is often contradictory and incomplete, but that prices remain a "best guess" of the intrinsic value.
Title: Re: Oh great
Post by: Powerslave on June 22, 2009, 03:29:05 PM: Oh, great.
Title: Re: Oh great
Post by: Mandark on June 22, 2009, 03:49:00 PM: Tacit knowledge! Distributed information! Price signals! Markets!
Title: Re: Oh great
Post by: Kestastrophe on July 01, 2009, 11:39:51 AM: What's the prof's name? I have been impressed with how liberal and/or open-minded many of the professors are here, but I've only had economics. I was expecting a department of Friedman-followers, but was pleasantly surprised
Title: Re: Oh great
Post by: Kestastrophe on July 01, 2009, 12:02:26 PM: Quote from: Forgotten Ancient on July 01, 2009, 11:59:04 AM
Quote from: Kestastrophe on July 01, 2009, 11:39:51 AM
*words*
that explains alot. Great school, but that is really the origin of the infallible market axiom starting with Friedman back in the 60s.
Title: Re: Oh great
Post by: Brehvolution on July 01, 2009, 12:17:30 PM: Call him ignorant for the lulz and make sure he knows that just because you disagree doesn't mean you are wrong. Interrupt him talking just like he does it to you.
Title: Re: Oh great
Post by: Veidt on July 01, 2009, 12:54:14 PM: Actually. It looks like your professor and I would make great friends. I believe Global Warming to be a hoax too!

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I also see unicorns at night, they tell me things. :(
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Title: Re: Oh great
Post by: recursivelyenumerable on July 01, 2009, 03:50:55 PM: Quote from: Alan Haworth
Such considerations add further support to the conclusion that there are two Hayeks. One, the modest and imaginative social theorist, has the following piece of good advice to offer: "The market is a delicate mechanism with an important function. It doesn't always work, and sometimes you do have to adjust and modify its working, but always take care and try to be sure what you're doing when you try" (I paraphrase). [...] The other Hayek is Hayek the libertarian; Hayek the paranoid and splenetic reactionary; the Hayek who fulminates against his pet hates -- "the counter-culture", "permissive education", "dropouts", "parasites" and so on -- like any dyspeptic ten-a-penny rednecked blimp. This Hayek is unconnected with the former, and should be ignored.

your professor sounds unbelievably horrid. Is there a liberal David Horowitz you can report him to?
Title: Re: Oh great
Post by: recursivelyenumerable on July 01, 2009, 03:59:24 PM: http://isaacbacon.com/images/4750StrategyClassSylsummer2009.pdf ?

The course actually sounds interesting tbh.
Title: Re: Oh great
Post by: lordmaji on July 01, 2009, 11:09:47 PM: Quote from: Forgotten Ancient on June 22, 2009, 02:06:45 PM
You kidding ? Summer courses are by far my favorite. :hyper

I agree. Summer classes are waayyyy better. You might have to study a bit harder, and cram a bit more in a short time. But it's over quick.

I'm going back for sure this fall.
Title: Re: Oh great
Post by: ManaByte on July 02, 2009, 03:12:12 AM: All my summer classes are online and suuuuper easy.
Title: Re: Oh great
Post by: Powerslave on July 02, 2009, 12:02:07 PM: Quote from: Forgotten Ancient on July 01, 2009, 11:17:40 AM

/post that nobody but FA cares about :lol

You're right, no one cared about it.

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Not even me.
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I'm not kidding.
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It's not like usual, where I say something cold-blooded and then it finally turns out I was being sarcastic again.
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It just isn't one of those posts.
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Just isn't.
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Period.
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Wow I guess I hurt your feelings now eh?
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Too bad.
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Wait, I said 'period', so why do I still keep writing. I thought period meant the end of it!?
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Who cares, I can do whatever I want and you bitches are gonna suck it up.
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You bored of clicking these?
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I bet you're thinking right now "Oh what an idiot, he got the idea of doing this from that Pringles internet banner".
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Guess what, your wrong.
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Yes, 'your'.
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lol I was just kidding with this post :lol
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Actually I'm dead serious, no one cares about any of that, FA.
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Title: Re: Oh great
Post by: archie4208 on July 02, 2009, 12:03:34 PM: I clicked every one of those spoilers.
Title: Re: Oh great
Post by: Powerslave on July 02, 2009, 07:25:04 PM: Dead serious.
Title: Re: Oh great
Post by: Bildi on July 02, 2009, 08:07:28 PM: Quote from: Powerslave on July 02, 2009, 12:02:07 PM
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Guess what, your wrong.
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>:(

Quote from: Powerslave on July 02, 2009, 12:02:07 PM
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Yes, 'your'.
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:lol
Title: Re: Oh great
Post by: lordmaji on July 04, 2009, 12:59:00 AM: :lol :lol

awesome