Austrian Economics Forum: sgrizzard -

I'm not trying to spam the site, but I know how hard it is to find a job as an Austrian economist, so I thought it would be helpful to mention this one.

We are looking for a recent MA graduate, or someone who is moving towards an MA (not graduated yet, but taking classes). The work is very interesting (not number crunching for a government entity or government contractor) and creative.

Email your resumé to me (scott@asiaecon.org), and I will forward it to our HR.

I have attached one of the Craigslist adverts for the position below.

PS: we are also have internships for students, just FYI.

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This opportunity is in Los Angeles, we would appreciate this announcement to be forwarded to appropriate individuals.

>*Economic Research/ Financial Mkt *Content INTERN / Asst for E-commerce global financial *publication
International Business / Financial Journalism and Global Media / International Relations

>*International Web-based financial publication/ Business Economic / E-Commerce Group Seeks dynamic / energetic candidates to join our team in the Financial News Media Research / Management. *Economic Web-Based Community /*International Economic projects implemented through the internet.*Enjoyable Intellectual work-Asst./Support in Economic Research Environment. *THIS IS AN ENTRY LEVEL POSITION.

We are a rapidly growing International Web-Based Economic Community and Publication with BIG ideas. We have a talented group of people that comprise our prestigious educational and financial research group -- from Bachelor’s to PhD’s. This is interesting, creative, sophisticated and challenging work environment.

Strong computer and internet skills are *Required*. No computer training will be provided. We are a web based technology user.

I am teaching a principles course using Callahan's Economics for Real People. Tonight I am teaching the material from Chapter 3, "As Time Goes By", which is time preference, investment and savings in a Crosoe economy with multiple periods. At the end of the lecture, it is my intention to introduce basic growth theory (the Solow model with steady state, and then moving TFP for steady growth). However, I am doing it for the one-person economy.

I have made the following changes to Solow's model:
1) Crosoe's savings rate is endogenous, and depends on his preferences - it won't be constant.
2) Capital is real things, and cannot be aggregated unless it is coordinated.
a) If a piece of capital that helps in the production of an intermediate good is destroyed, the production process is disrupted and some additional capital becomes useless until the lost machine is replaced.
If a higher-order good that is used in the production process involving a piece of capital becomes unavailable, the capital sits idle and cannot be aggregated in.

What do y'all think?

Do these changes make the theory better? or right?

Recently, I heard a student who was taking classes at both Hillsborough Community College and the University of South Florida complain that the tuition at HCC had gone up, so she had to take a course at HCC she was planning on taking at USF. I asked her why, and she said that with the tuition increase at HCC, she could no longer afford USF classes.

It hit me: that makes classes at HCC a Giffen good for her: she increased her consumption of HCC classes in response to a rise in price of HCC classes.

What do you think?

I think I have a Journal Article.

Just a little side thing to help you procrastinate: What's your favorite movie(s) and why?
Let's find out what Austrian Economists like.

For me, I have four favorites (in order)

The Empire Strikes Back - I'm an intellegent American male born in the late 70's

The Russia House - What can I say, I'm a romantic and I like the idea of someone choosing love of a woman over love of his country. Besides that, it has great actors, a great soundtrack, and is based on a great story.

Other Peoples' Money - A fantastic movie with lots of economic relevency and some great comic monolouges. See this movie, and then read the play.


Bull Durham - How can you not love a movie that begins, "I believe in the Church of Baseball", and has the main character's opening line as, "I'm the 'player to be named later'"?

I was talking to one of my professors about a week ago, and he explained to me that, while he had many problems with mainstream econ and Walras, he distrusted Austrian economics because it had not micro core verifiable by "rigourous mathematics". This has me wondering, do we even have a core (math or no) that corrisponds to Walras?

The only stuff I have been able to find is in Man, Economy, and State where Rothbard talks about preference scales.

Does anyone have anything?