Tuesday, October 28, 2008

A new term begins!

My microeconomics course is completed and I have just started macro and the history of economic thought. Both are of particular interest to me becuase they are very pragmatic to the discipline. I have been very impressed with the macro textbook, which was written by my professor. The text for the course dealing with economic thought is entertaining because it is so biased. It appears to give a good chronology of economic thinkers from Adam Smith forward. The fact that it seems to be authored by a socialist leaning elitist gives a free market liberal several opportunities to put his beliefs to the test. Surrounding yourself with those who disagree with you is wise because it helps refine and stregnthen your own convictions. It is in this light that I recommend Robert L. Heilbroner's The Worldly Philosophers. 

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QE3 Is Here!

Move over QE2, QE3 is here! The markets are euphoric for now.