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To: Ilaine who wrote (7995)8/30/2001 11:00:30 AM
From: elmatador  Respond to of 74559
 
Rational expectations was really hard to swallow:

When I learnt that rational expectations is:

"The assumption that the behaviour of economic agents is based on an understanding of the economy, and a forecast of future events,..." I almost fall from my chair.

Even my five and half year old daughter wouldn't base any decision on such an assumption!



To: Ilaine who wrote (7995)8/31/2001 5:22:37 AM
From: Maurice Winn  Read Replies (1) | Respond to of 74559
 
CB, Lawyers are people who can justify anything in tortuous gibberish.

<Economists are people who can justify political policies in technical language.>

Engineers are people who can achieve things in objective language.

Mqurice

PS: How about that cool pun 'tortuous' [in case it slips past inattentive readers].http://www.dictionary.com/cgi-bin/dict.pl?term=tortuous
gibberish here: dictionary.com


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