Wednesday, February 28, 2007

The Beginning of a Bear Market?


Dow Jones Index collapses over 200 points in less than 2 minutes. Holy crap! According to The NYTimes, "An estimated $600 billion loss in market value on Tuesday erased all of 2007's gains." I'm just really worried about magnitude of the contagion it will create.

http://www.nytimes.com/2007/02/28/business/01stoxcnd.html?hp

Monday, February 26, 2007

Beth Orton



British Rock is incomparable (setgelgeenii huvid ch, hugjmiin huvid ch). Hail Beth Orton! "Perhaps she is the most underrated singer/songwriter of our time."

Thursday, February 22, 2007

The Future of Economics Isn’t So Dismal

The Future of Economics Isn’t So Dismal by David Leonhardt

Who are the young (untenured) economists doing work that is both highly respected among experts and relevant to the rest of us? Who, in other words, is the future of economics?

Ulrike Malmendier
Stefano DellaVigna
Roland Fryer
Jesse Rothstein
Jesse Shapiro
Emily Oster
Amy Finkelstein
Benjamin Olken
Raj Chetty
Justin Wolfers
Xavier Gabiax
Matthew Gentzkow
Dean Karlan

Friday, February 16, 2007

Mongolian Development Economics Blog

Hugjliin ediin zasgiin talaar yariltsatsgaagay - http://hugjil.blogspot.com/

Wednesday, February 14, 2007

Robert Lucas on Growth, Poverty and Business Cycles

Bob Lucas, Nobel Laureate and professor of economics at the University of Chicago talks about wealth and poverty, what affects living standards around the world and over time, the causes of business cycles and the role of the money in our economy. Along the way, he talks about Jane Jacobs, immigration, and Milton Friedman's influence on his career.
http://www.econtalk.org/archives/2007/02/lucas_on_growth.html

"Once you start thinking about them, it's hard to think about anything else" - Bob Lucas

Saturday, February 10, 2007

Greeting

Guten Tag und Vielen Dank to all my German readers :)

Wednesday, February 07, 2007

Urianhai ba Kant: Means and Ends

"Буддын гvн ухаанд "Буяны хууль" гэдгээр бvх vйлд ханддаг. Энэ хуулиар бусдад тус болоод, тус болж байгаагаа єєрєє мэдэхгvй байх ёстой. Одоогийн хэлээр бол "vнэлэхгvй" байх ёстой. "Ма-ма", "ла-ма" эд нар чинь ерєєсєє vнээ гэсэн vг гэж байгаа юм ш дээ. Yнээ гэдэг vрээ болоод энэ хvн тєрєлхтнийг сvvгээрээ угжиж, цатгаж, цайлж байгаа. Yнээ єєрєє vvнийг мэдэхгvй. Тэгэхээр хамгийн буянтай амьтан байгаа байхгvй юу. Єнєєдєр тэрбум тєгрєг бусдад єгєєд тэрийгээ мартаж чадахгvй байгаа бол тэр буян биш. Яагаад гэвэл араас нь хармын сэтгэл дагаад, хариу нэхээд явдаг. Хариу нэхээгvй, хармын сэтгэл цээжинд нь vvсээгvй тийм єглєгийг буян гэж vздэг." - Урианхай


"So act as to treat humanity, whether in thine own person or in that of any other, in every case as an end, never as means only." - Kant