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« Are You Not Entertained?! | Main | Greenspan’s Mistake »


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I for one love the metaphors, but have to admit that I require clarification sometimes. What was I off the mark on here?

To recap I thought the policy makers were Caesar and economists the gladiators. The free market economists (Russell Crowe) were set up to loose but when our theories come out correct (when the under dog wins) the crisis hits as we say it would - Caesar is angry rather than entertained.

Clue me in Pete. The teacher student relationship doesn't arbitrarily end at graduation.

Right before the clip starts Russell Crowe just chopped a man's head off with two swords. The gore of that scene to me represents the current financial crisis. Crowe then turns to the audience and says aren't you entertained by this gore. It was in fact your creation and we told you it was coming. Let the complete wreckage of human lives sink in.

Our 'enjoyment' of this carnage is the problem. It is sick, but the inevitable consequence of the perversion of economic research, teaching, and policy making. Or as Buchanan and Wagner put it "intellectual error" of significant proportions.

The grostesque spectackle of the carnage is the inevitable consequence of the alliance between statism and scientism.

Note to self: watch gladiator again and stop feelgin enjoyment while watching the dow fall throughout the day.

Thanks Pete!!

Note to self: always remember that the student eventually becomes the teacher.

The movie references never grow old.
In fact just last semester Boettke pointed to:
The Way We Were, Red Dawn, Reds, Grapes of Wrath (with his favorite line "We the People Pa, we keep on coming")
Never saw Ice Pirates, but heard him briefly discuss it on Russ Roberts podcast interview.

My favorite movie example while teaching intro is from "Pretty Woman." If you recall the negotiations over the price for Julia Roberts' services for the week, she first asks for $4000, Richard Gere counters with $2000 and they settle at $3000.

Gere says "I would have paid $4000" and she says "I would have taken $2000."

Ladies and gentlemen: consumer and producer surplus.

I love that scene from "Wittgenstein." Glad to see he is perceived as our epistemological ally. Roderick Long has pushed this vigorously. I often ask out loud, "What would Wittgenstein say."

Me too. Three cheers for Wittgenstein, whom I have used in my work. See “Organization and Language Games,” with Richard Langlois, Journal of Management and Governance, 2001, 5(3-4): 287-305.

Danny D is going to be at the Southerns?

Movies are okay, but here in the trenches I've used a lot of Seinfeld. That's gotten stale, however. A result of younger students each year.

Bueller? Ferris Bueller?

The Great what? The Great Depression. One time Ben Stein was on a commercial, and he had indifference curve analysis behind him on a chalkboard. I couldn't believe my eyes!

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