economics

From: Don Maslin <donm_at_cts.com>
Date: Mon Aug 20 22:59:03 2001

On Mon, 20 Aug 2001, Bill Pechter wrote:

> > On Mon, 20 Aug 2001, R.D.Davis wrote:
> > it's psychological factors that truly account for changes in the
> > economy. Disclaimer: I took Econ. I and II in college, and learned
> > one thing: much of it is a lot of make believe foolishness so that
> > economists, etc. can earn an income.
>
> Boy, my sentiments exactly. I think Political Science (my second major
> --History was first-- and a questionable "science") is more science than
> economics -- since two economists can look at the exact same info and
> come up with opposite remedies based on their own preconceived sociopolitical
> ideology.

It is said that the economists have predicted 15 of the last four
recessions that we have had. No wonder they call it the `dismal
science'!
                                                 - don

> Much of the macroeconomics stuff I see has to do with the mob psychology
> and the herd mentality of wall street investors...
>
>
> Bill
> --
> Bill Gates is a Persian cat and a monocle away from being a
> villain in a James Bond movie -- Dennis Miller
> bpechter_at_shell.monmouth.com|pechter_at_pechter.dyndns.org
>
Received on Mon Aug 20 2001 - 22:59:03 BST