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Thursday, April 12, 2007

history

11:29 PM
what every economics student do is to do a course on economic history. what every university should teach is a course on economic history.

i mean, it just sounds stupid if you go around saying 'keynes is stupid' or 'what the hell were the classicals thinking?' or 'down with moneytarists!'. don't you realise that every theory has a story?

and in that story, it would have made sense. you'll realise why they once thought the way they did, and why the current perspective is right and how it could be proven wrong in the future.

it would give us a more wholesome understanding of the subject. it's more comprehensive than throwing theories at us.



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