For more about me, please read this.
I was about to blog something about microeconomics (tag) but ended up emailing my undergrad economics professor instead. Meanwhile, I dug up a pile of shit and found this written in one of my economics coursepacks:
It was taken from the coursepack itself. The full version is this – “Remember, economics defines rationality in terms of whether an individual acts sensibly given his or her preferences, not whether the preferences themselves are sensible.”
How true. That’s positive economics.
Youth division of Parti Keadilan Rakyat declares Malaysian Prime Minister Abdullah Ahmad Badawi as the weakest of all five Malaysian leaders. Malaysiakini has a writeup on it. But, here’s how I see it:
Keadilan is going over its head. This one is a bluff – just like the party itself.
Malaysian blogosphere is refreshing. Despite having little knowledge on a subject, suddenly, everybody’s an expert. When Public Works Department produces flawed bridge, everybody’s an engineer. When there’s inflation, everybody’s an economist. Makes you wonder, doesn’t it?One important thing – opinion is not necessarily based on fact. Especially when it comes from false authorities.
Anyway, I heard there will be a protest over the recent price hike. These protesters must have a short attention span, given their inability to appreciate how prolonged subsidy is bad for Malaysia. Funny actually. People demand efficiency but when efficiency is introduced, some vehemently denounce that efficiency.
One frequent argument against price hike is this: public transportation in Malaysia needs serious upgrading before partial or complete removal of gas subsidy.
Well, question: where do you think the cash gonna come from? Answer: Resources from reduction of subsidy.
What? Surprised? Did you actually think money grow on trees? Do you actually think, we face unlimited resources? Wake up and smell the roses.
As you can see, I’m quite bored. (tag)
I wonder who launched the attack, if it was an attack…p/s – hurrah for Prof. Johnson. LOL! At Econ:
Professor George Johnson received the Teacher of the Year Award from the Undergraduate Program Committee which bestowed the honor “by acclaim and unanimously.” Johnson received his award from Professor Jim Adams, director of Undergraduate Studies, during a surprise presentation at the end of his final Econ 102 lecture during the Fall term.
Yup. He played golf in lecture.
pp/s – as a supplement to [731] Of the great flood of Pasir Kumpal, read Pelf’s The great flood entry. Great pics.
First ever self-produced strip: Earthly Strip! (tag)
This strip is dedicated to Malaysians that have selective reasoning whenever it comes to subsidy.p/s – whoa! Yahoo! has a new look!