The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. – F.A. Hayek
Posted in Flotsam and Jetsam on Nov 16th, 2009
Not for this guy!
According to the co-worker, Ronnie Kaplan, the terms of this “low four figure” bet are simple: Scharoff “must eat sausage pizza for every meal during the month of October. The pizza must contain crust, sausage and cheese. All toppings, with the exception of lettuce on Taco Pizzas — yes, he loves them [...]
Posted in Flotsam and Jetsam on Nov 15th, 2009
Rate Your Students. Maybe this is only funny for my professor friends.
Posted in Flotsam and Jetsam on Nov 14th, 2009
Global Giving.
Posted in Flotsam and Jetsam on Nov 7th, 2009
… would they be eligible for stimulus money too? Somehow I don’t think so.
HT: Ronnie P.
Posted in Flotsam and Jetsam on Nov 3rd, 2009
“Scientists discover beginnings of new ocean.” Read more here. Here is a cool picture.
Posted in Flotsam and Jetsam on Oct 22nd, 2009
HT from one of my students, Chad H.
In class, Rizzo asked us to compare the amount of deaths due to the accident at Chernobyl and the amount of deaths inflicted by Communist rule in the USSR. He then asked why there is such a difference in the way we react to each.
The amount of deaths [...]
Posted in Flotsam and Jetsam on Oct 15th, 2009
My alma mater is proud to produce socialists. (more here) I must be their biggest regret. Perhaps a bigger pox for them is that I was admitted (in my view) only because I played football. Were it not for that preference, I would not have gotten in. And athlete preferences at places like Amherst totally [...]
Posted in Flotsam and Jetsam on Oct 8th, 2009
Posted in Flotsam and Jetsam on Oct 5th, 2009
Our registrar has a 1000 character limit on our economics course description for the catalog. I edited what our department had to read something like:
Individuals act with purpose. In a world where there is not enough “stuff” to go around, individuals face tradeoffs. We model how individuals make economic choices: how much to work, when [...]
Posted in Flotsam and Jetsam on Sep 30th, 2009
But don’t be fooled by randomness. Click down to the two short (25 second) audio clips.
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)