cactus flower wrote:

Quote :

economics has made efforts to become more and more scientific

- without noticeable success.

*splutter" Excuse me! Economics has become more scientific with the extraordinary success of finally illustrating the elusive concept of a Giffen good in real-life circumstances. I quote from David Smith's excellent website;

"Harford cites research showing that laboratory rats make a rational choice between quinine water, which they don’t like, and root beer, which they do. If the quinine water is cheaper than the root beer – they are allowed more of it for every press of the lever in the cage (and they are permitted only a limited number of presses) – they drink more of it to quench their thirst. The rats, in fact, also prove one of the most elusive theories in economics, the idea of the Giffen good, named after the British statistician and economist Robert Giffen."

Link.

Can't get that lin kto work. Is it an illuminati website?

Zhou_Enlai wrote:

Can't get that lin kto work. Is it an illuminati website?

Try this link: http://www.economicsuk.com/blog/

As to whether it is an Illuminati website, I don't know and I don't know how that's relevant.

That didn't work either. I have found more from other sites. I thought a Giffen good was when you bought more of something that was getting dearer. The Quinine water was cheaper and the rats 'bought' more? How is that a Giffen effect/good?

Ard-Taoiseach wrote:

Zhou_Enlai wrote:

Can't get that lin kto work. Is it an illuminati website?

Try this link: http://www.economicsuk.com/blog/

As to whether it is an Illuminati website, I don't know and I don't know how that's relevant.

Presumably the Illuminati are crap at web development..

EvotingMachine0197 wrote:

Ard-Taoiseach wrote:

Zhou_Enlai wrote:

Can't get that lin kto work. Is it an illuminati website?

Try this link: http://www.economicsuk.com/blog/
As to whether it is an Illuminati website, I don't know and I don't know how that's relevant.

Presumably the Illuminati are crap at web development..

Golden Rules:
- always drink Burgundy
- never explain a joke
- never waste an erection
- never ever chance a fart

cactus flower wrote:

Quote :

economics has made efforts to become more and more scientific

- without noticeable success.

Super Crunchers by Ian Ayres
Critical Review

We are in a historic moment of horse-versus-locomotive competition,” Ayres writes, “where intuitive and experiential expertise is losing out time and time again to number crunching.”