http://carmopolis.umwblogs.org as experienced by the artist formally known as Sierra Fri, 02 May 2008 14:14:35 +0000 http://backend.userland.com/rss092 en I have a HUGE issue with the comparison of macro and micro economics to macro and micro biology. The purpose of a metaphor is to explain something complex in terms of something simple so that your readers can associate the concepts. Metaphors should simplify the paper, not convolute it. While ... http://carmopolis.umwblogs.org/2008/05/02/hoover-is-macroeconomics-real/ I don't know why, but for some reason I've been really sensitive to when writers are using passive voice. This article was FULL of it, making it sound very obscured. Second, I think that some of the assumptions that these writers make are the result of being surrounded by like-minded ... http://carmopolis.umwblogs.org/2008/05/01/kydland-and-prescott/ http://carmopolis.umwblogs.org/2008/04/15/24/ Blinder, Alan S. 1994. "On sticky prices: academic theories meet the real world." In Monetary Policy, ed. N. Gregory Mankiw, 117-154.  Chicago, IL: University of Chicago Press. Blinder is a bit of a smartass. I don't mean that as an insult in the slightest, but rather it made his article interesting ... http://carmopolis.umwblogs.org/2008/04/06/stiglitz-and-pigletts-rhyme-and-its-not-a-coincidence/ I'll probably revise this later. I'm saying that now because I don't really want you to remember it. Let's face it: I've said that exact same thing for nearly every post I've done. So there it is. Out of the way, and sure to be remembered because of this unnecessary ... http://carmopolis.umwblogs.org/2008/04/01/new-keynesian/     The first several pages of this article are fragmented summaries of prior RBC research. The only parts I could recognize as being Stockman's thoughts were lists he made of similarities and virtues of RBC theory. He was also more interested in reporting the actual numbers found by different research ... http://carmopolis.umwblogs.org/2008/03/23/monetary-rbc/ My parents want me to focus on my studies and therefore give me money to pay for groceries, rent, and medical stuff. My mom has, rather forcibly at times, expressed interest in paying for my gas, but I have refused. Therefore, gas is the only necessity that I really pay ... http://carmopolis.umwblogs.org/2008/03/22/rbc-theory-in-my-life/  This article is a reasonably causal yet skeptical assessment of real business cycles. Mankiw briefly describes varying degrees to which real business cycle advocates take their theory, beginning with those who use it as an indicator for the infallibility of hardcore classical economics. These economists believe that nominal variables are ... http://carmopolis.umwblogs.org/2008/02/29/real-business-cycles/ Traditional classical thought assumed that price and wage flexibility were such that the economy always managed to move toward the market clearing level. This assumption was questioned by Keynes who argued that firms adjusted quantities because of price and wage stickiness, which decreased the likelihood of full employment. In reality, ... http://carmopolis.umwblogs.org/2008/02/20/new-classical/ As Greenlaw said in class today, it is difficult to disentangle Reagan's economics from his politics. I have thus far read two of his speeches: one from 1964 when he's advocating presidential candidate Goldwater, one from 1983 when he was addressing the Heritage Foundation.  I also skimmed through an address ... http://carmopolis.umwblogs.org/2008/02/18/reaganomics/