American Economists win Nobel

Discussion in 'Politics' started by aaronman, Oct 10, 2011.

  1. #1 aaronman, Oct 10, 2011
    Americans Thomas Sargent and Christopher Sims win economics Nobel - The Washington Post


    Interesting...
     
  2. #2 Sovereign Psyche, Oct 10, 2011
    The first abstract thing I noticed and hated about Keynesian economics is that it is based on deception of the common man.
     
  3. #3 aaronman, Oct 10, 2011
    It also treats man as a statistic.

    These two seem to have figured out the common-sense idea that individual action is more complex than empirical models would suggest, but then they come up with their own models to predict human action... smh. Central planning will always fail.
     
  4. #4 Lay Low, Oct 10, 2011
    Now I know of two more people who not to listen to regarding economics.
     
  5. #5 Irishchoctaw, Oct 10, 2011
    Nobel prizes are a fucking racket.
     
  6. #6 Lay Low, Oct 17, 2011
    [ame=http://www.youtube.com/watch?v=mFdnA5UNmVw&feature=feedu]How to silence a Nobel Prize economist: Ask about the economy. - YouTube[/ame]

    I knew these economists would be fairly clueless, but they take it to another level.
     
  7. #7 leanpocket, Oct 17, 2011
    Meh, Nobel Prizes have lost a lot of respect in my eyes.

    Obama has Nobel Peace Prize, but look at what hes doing. Orly?
    American economy is bad, American wins Nobel Prize for economics. Orly?
     

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