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This isn't exactly news... I think I may have commented on it before and there is a literature on Hayek's sympathies with Walrasianism and GE theory. Many in the Mises-Hayek dehomogenisation debate have emphasised this which is why Hayek did not share Mises' strong conclusion that economic calculation is impossible in principle (since a
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Sorry about the late reply. I was planning on going over my macroeconomics notes from last year some time soon, and thought I could give you a more informed repsonse but since that hasn't happened yet here goes nothing. :P I don't think rational expectations is completely bad per se, especially when you consider some of the adaptive expectations
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Might I ask what level of education you're at? The reason is, extrapolating from my own experience and that of others I've spoken to, much undergraduate and almost all graduate level macro is new classical and new keynesian macro, as far as business cycles/fluctuations go with the other half of the course being Ramsey growth theory using Optimal
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Yikes, that's funny. Right after this post I go back to the main page and the link's dissapeared! :P
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To the right of the events link on the main page bar I see a link saying edit. When I click it takes me to something it says is the Mises.org Content Management System. Was this supposed to happen? I have the power to upload pdfs it seems...
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I don't see the fact of rising oil prices as necessarily at all contradictory with money supply inflation as the root cause. Since oil is a non-specific commodity vitally complementary to many modern production processes, the effect of anticipated monetary inflation might well have an effect first on oil futures before through a chain of causation
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I usually can only take Alex Jones in small doses. That being said I don't think that interview was as bad as the fuss being made over it. I've seen him be far more cringe-worthy in the past.
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I'm a big fan of GRETL for many things. For more heavy duty stuff R is probably better like Andris suggested. Also I tend to prefer free stuff, but if you can get someone to pay for you, more power to you :D
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[quote]Gasp, the free market acts to relieve information asymmetries?[/quote] It is pleasant how market actions can make economic models, especially those regarding "market failure" redundant. There are bucketloads of these kinds of sites. Some like Mysupermarket manage to rake in a lot of cash charging firms subscription fees for data and
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For Human Action, I recommend having a notebook handy to jot down things you think about or want to note. I went through about 5, though I didn't finish the book quickly. Overall I think the learning experience was more fruitful that way though.