Free Republic’s Key to Success
Is Monthly Donors
Donate monthly, and a sponsoring FReeper will contribute $10
Or give what you can
Save Lazamataz! He’s fading fast!
Posted on 04/29/2011 11:16:40 AM PDT by SeekAndFind
BS Alert! Soros is moving his lips again.
Yo George. You make other collaborators look like boy scouts.
Oh, boy!
With this article George Soros has left himself open.
This explains a great deal about the man.
A totally awesome video:
Fight of the Century: Keynes vs. Hayek Round Two
http://econstories.tv/2011/04/28/fight-of-the-century-music-video/
Kick this filth back into the gutter where his kind belong...or better yet, out of America for good.
Note to Soros: Rather than sharing your worthless opinions, would you please do all of us the favor of assuming room temperature?
Soros speaking at Cato? This is like Colonel Sanders addressing the chickens.
It is a formalized and mathematical theory, whose two main pillars are the efficient market hypothesis and the theory of rational expectations.”
Um, no. It is not that. It is fundamentally an epistemological theory that starts with the axiom that man is not God.
And Hayek is distinct in many ways from the Chicago School.
This is hilarious! Telling this to economists and public policy spialists at Cato!
The first few sentences reveal that Soros hasn’t a clue. Hayek was never part of the “Chicago School”. In fact, Hayek’s views on the business cycle, money, macroeconomics, etc. were very much at variance with the Chicago School.
Hayek also never, ever advocated any form of the efficient markets hypothesis. He favored markets, but had a completely different view on why they are beneficial.
Hayek never believed that the mathematical modeling that occupies economic journals today is terribly useful. This had to do with his views on epistemology and the foundations of economics.
I could go on in this vein, but to have that self-important blimp-of-a-man, Soros, prattle on like this in front of an audience that would recognize what he has to say as an illiterate rant is profoundly amusing. Soros must have gone to Fiddler On The Roof and come away thinking that the lyrics to “If I Were a Rich Man” apply to him (”If you’re rich they think you really know”).
Unfortunately, I doubt that the Catoites had the character to laugh at Curious George.
Abolsutely right. Hayek couldn’t even get an appointment to the econmics department at Chicago because of opposition by the faculty. The years that he taught there he was a member of the Committee on Social Thought.
Ping.
This is absolutely correct.
Where (among many others) Soros goes wrong is his inherent assumption that there is some group of superhumans we can put in charge of our economy who aren't subject to such frailty. 100 million people are less likely to be wrong, over time, than 100 people.
While the market is often wrong, it is more often right than any other mechanism we've ever come up with.
One of the things I find most fascinating is that market economics is the same idea in economics as evolution is in biology. Nobody with half a brain claims that either always reaches the "right" answer, just that it does so more often than any other mechanism.
It is also intriguing that those most likely to reject this mechanism in economics are the most attached to it in biology, while those who reject evolution in biology are often the most in favor of free markets.
Spooky dude speaks...
SOROS STFU.
ping
Yes, he is bananas if he thinks the Chicago school and Hayek dominate what gets taught in econ these days. I remember when I discovered Hayek and started seeking out his books. My university library had several on the shelf, but the last time they had been checked out was 15 years previous to me. So it was obvious that the professors weren’t assigning the students to read Hayek or even generating any interest in him. Meanwhile Keynes was dogeared. Soros thinking that Hayek dominates reminds me of the skewed way that liberals perceive conservative media, imagining it as a Goliath when it’s more of a David.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.