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Visiting a friend's house last night, their seven year old asked what I did. I told her I was a guy who studied the economy.

She asked me:

What does the economy do?

In your opinion, what does the economy do? Answers either by email or in the comments.

2 Responses to “What is the point of the economy?”

  1. Paul O'Toole

    I think an ecomony should be a mechanism open to all participants to collaboratively provide for the well-being of society by ethical and equitable means.

  Tag: EC4333

posts
April 9th, 2009

What is the point of the economy?

Visiting a friend's house last night, their seven year old asked what I did. I told her I was a […]

March 18th, 2009

AIG Outrage

Prof. James Hamilton digests the pure rage AIG's decision to pay its executives 165 million dollars in bonuses, some of […]

October 6th, 2008

EC4333 Lecture 5: Optimal Currency Areas

Introduction In this lecture, I'll show you several of the costs of joining an EMU, after recapping on the benefits. […]

August 3rd, 2008

De Grauwe on DSGE Models

De Grauwe gets raw on Central Banks and their reliance on DSGE modeling: One of the surprising developments in macroeconomics […]

May 25th, 2008

Cool EC4333 Visualisations

May 18th, 2008

Course Reviews Spring 2008

Another semester draws to a close. Here's what I learned from my little experiments in teaching this semester: 1. [EC6012] […]

April 29th, 2008

Downloading Podcasts

How to Download the lecture podcasts from Stephen Kinsella on Vimeo.

April 28th, 2008

Site Stats this term

This term (Jan 28-April 27), this website has been visited by 25, 847 unique views, generating 39, 012 pageviews. Most […]

April 7th, 2008

CIFREM Doctoral Programme

The CIFREM Doctoral programme at the University of Trento in Northern Italy is accepting applications for funded PhD positions for […]

February 25th, 2008

Some Good Advice

It is impossible for the reader to understand the significance of a theorem or follow a proof if he does not know the exact meaning of terms.

...Once the reasons for the validity of the theorem are seen, once its proof is understood, once the inevitability and logical necessity of the relationship are comprehended, the theorem becomes like an old friend not easily forgotten, quick to be recognized if met again.

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