Balanced

studying for my exam tomorrow on the history of economic thought.

what i've learned so far: (really boring stuff starts here, not worth reading...)

We study the history of thought because:
1. of a pedagogical reason
2. it is a source of new ideas (ironically yes, there are things in the past that may surprise us)
3.it gives us insights about the ways of the human mind
4. it refers back to the perplexity of economics as a science.

Economics vs. the Natural Sciences:
1. Falsifiability
2. Replication
3. Complexity
(i don't really know what these things are, i just remember prof de dios' attempt to vividly bring to life the sigmoid function... well i think they're worth remembering...)

Views on Mercantilism:
Schmoller: Mercantilism is a policy of economic unity
Cunningham: Mercantilism is the striving for economic power
Hecksher: Mercantilism refers to the strengthening of the power of states
Keynes: Mercantilists aimed for the relative advantage of their nations

According to Hechsher, Mercanitilism is different avant to the universal static ideal of the Middle Ages and a little stunted from equalling the laissez-faire. haha, whatver.

Feudalism (is exemplified by the feoff system)
Jean-Baptiste Colbert, a French Head General and Prime Minister, devised policies for a feudal France:
1. There should be a unification of policies over large areas. He did this through the Cinque Grosses Fermes.
2. There should be large-scale infrastructures like the Canal du Midi.
3. A French merchant marines and nave should be formed.
4. There should be awards for monopolistic privileges.

PW von Horneck's nine points for Mercantilism:
1. Land should be used for agriculture, mining, and manufacturing.
2. Raw materials should be used for domestic manufacturing.
3. Encourage big working population.
4. Discourage the export of gold
5. Discourage the import of goods
6. Only allow the import of raw materials.
7. Use barter for exchange instead of metals.
8. Export surplus manufactures.
9. Do not import goods sufficiently supplied domestically.

*secular means no biases

David Hume's Price-specie Flow Mechanism:
-The Balance of Trades will increase as a result of the shift of the IS Curve, but it will return to it's original point.

Keynes' Reconstruction:
-The Balance of Trades will increase as a result of the shift of the IS Curve, but the LM Curve will shift correspondingly, to remain at the same r with a higher Y.

boring stuff ends here...

ugh. i hope i remember this tomorrow morning. everything that's academic in me seems to be falling out of place, i don't think im as bright as the high school me anymore.

gained a little pride though; i balanced my accounting assignment. yeeha! accountancy is not really my field. it's one of those darn subjects i got the lowest grades when i was in high school. it came along with philippine literature, technology and home economics, practical electricity, ughf... these subjects make me sick.

but nevertheless, today was the first day i ever balanced a journal. that's worth cherishing.

studied at starbucks nga pala. konti n lng, makukuha ko na ung organizer. (haha, 12 more stickers to go...) i like studying at starbucks. i think mari's still there doing her psych experiment's related lit...

haay. blog's getting boring. i really cant find anything that's so interesting in me. maybe if i start talking of my past flings, id get the blog started. get me out of this alternate universe first.

to tuuut, i thinkit's alright to get pissed off by somebody. its normal. it assures you that you're still human. besides it's healthy. i guess.

i envy kring. she's always happy nowadays. maybe because of *******.

yes, it's because of *******. i just checked out her blog.

i hope lynnie's somber right now.

the seniors are such losas. their constant apprearance did nothing to tarnish my view of the losers that they are. poor people didn't experience anything during undergrad years, that's why they doin it now. it's crunch time! pet yesterday, kiss today, fuck tomorrow. get pregnant a week later. unfortunately kept the condom guy used, showed it to him to prove preggyness. parents discovered nasty condom later. got grounded. with a baby. tried pills. failed. tried abortion. lacerated inner walls of vagina. had a deppressed fit. claims life was destroyed by guy who served as pre-graduation fling.

every disastrous thing can happen before this semester ends.

i pray for the souls of the destroyed...

-reverse optimism-