The first class started and it was wonderful.  I could maybe have predicted how it would feel to sit in the class, but I could never have guessed that it would be so comfortable and exciting.  Everyone else was “on the same page” many of the silly questions I thought of, other people asked, although I think they were trying to show off.  The history of Macro started by reviewing all macro contributions, starting with Copernicus’ recognition of the effect of the increased money supply in Europe after the importation of south American specie.  We also covered 13 main topics in macro which will come up during our review of the subject this semester.  We have 5 - 30 page papers due before the next class, so yes, there is more reading in the PhD program than the masters program.  We were also told that we should read all of them at least twice, since we will be held responsible for representing the content in a short quiz for the next class.  Needless to say we have already formed study groups.  An interesting component of the class is that 5 blogs that we are responsible for reading each day.   These will also show up on the quizzes, we are supposed to be current on all the debates going on in Macroeconomics. 

The other students are wonderful, they are from all over the world and truly smart.  There is a great cohort willingness to support each other, we are all truly impressed with one another, and so far the competition seems to be secondary to the success of the group.  The second years have given advice about the classes, even if I think they are having a little fun scaring us, it is probably a good thing. 

The campus is great, it was so crowded yesterday.  I will report later on what the second class was like, this will be the one I am most anticipating since it is with Walter Williams.  I have heard such great stories about learning with him.  Well, one day down and I am loving it!

 

I would be interested to see later on during the term your point of view on "competition" between your classmates.

Good luck in your studies

right, but what I expected was the up-front showing off that I saw in my master's program. What I conclude is that only people that don't know anything try to impress others. I will certainly update on the progress of the competition.

Thomas,
it may be a bit out of context, but I was talking with someone that was volunteering for the Ottawa Jazz Festival. And he met this economist guy who was volunteering there.
Anyways, this economist guy was stealing the free Jazz Festival guides to sell them later on when none would be left...
It made me may think about you ;)

not sure I have enough information to determine how you are using the word stealing. If this was infringing on another person's property rights, seems like some legal recourse is due, however, if there were not enough to go around, a market clearing price would have been the best way to ration them.

Well those guides were given for free...
but that volunteer since he had access to the box with all the guides 'kept' a big part of it in order to sell them and make profit...
You may want to call it stealing or not stealing, but I find it morally wrong.
My point was just to show you that money is a morally wrong idea... and whoever that deals with it become immoral...

I don't see you support that Idea. Money is a medium of exchange. It is a highly functional numuraire to facilitate something like frictionless barter. Vaulue in use will always favor those who have a profit maximizing attitude. What I think you demonstrated is that your concept of "free" is a weak concept, really the brochures had a value which no amount of religious idea of "free" could avoid recognizing. Any item that is sold below the market price can be resold at that real market price, if he didn't do it, someone else could have.

I don't think you got my point.
This person, through his pursuit of money, did something morally wrong.
Instead of money, i should have said "profit" maybe you would get better my point.
He stole, and sold something that he was supposed to distribute for free.
But to you he just sold something that was not at the real market price.
You see following your point of view, it would be ok to keep the food that was supposed to go to homeless people and sell it, because initially the rice was not "free" and was on the market below its "real market price".


Still interested by your immoral point of views... :)

I think you are immoral as well, how do we determine which standard to use? Economics seeks to generalize on standards, but no one can change your a prori assumption that things SHOULD be free. I don't believe this, and I think that you don't either, otherwise you would see the contradiction.

Michael, I can't say what is or is not moral. And it is your right to consider me immoral if you see it that way. The last line was more of joke than an accusation.

The greatest minds have been trying to define ethics/moral for the past thousand of years, from Plato to Kant...

But usually when you act in a negative way upon the lives of others it is quite easy to define it as an immoral act.

To you, it seems that profit goes first then humans. Then of course it would make sense to steal and sell something that was supposed to be free (through the generosity of others).
It would make sense also to not volunteer, or to volunteer and then sell vital food that was supposed to go to somoene who really needed it.

What do you consider to be ethical ?

I find that characterization disingenuous. You assmume I care about profit. Economists desire a world with "zero economic profit." I really think you need to learn more about a field before you trash it.

Micheal, what do you care about then ?
What do you find is important in your life ?

PS: I wrote "it seems"...

I care about truth, justice, and the american way. I just look at it from an efficiency standpoint.
I am not upset, I simply see where you define things in a way where your conclusion is the only one possible. This seems problematic.

No worries...

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