The economics Nobel goes to: Eugene Fama, Lars Hansen and Robert Shiller

[ogc163]

Important yes but influential... Friedman by literally half the distance to the goal automatic first down in terms of influence. Samuelson is a great non partisan truly academic and scientific economist that brings credibility to what a lot of times seems like utter psuedo-science (Sorry Peter Schiff stans).


He's pretending to be a Pats fan right now so I'm gonna let him cook. This nikka disappeared for like a week and every thread is about economics politics and philosophy instead of gays, "cac agenda, masculinity and Islam

Dude was definitely a partisan,not as bad as Galbraith but still partisan in his reviews and theoretical foundations. He brought credibility but I don't know about going past psuedo-science, as the article I linked pointed out he is responsible for a lot of the mathematization in econ that his peers and even many today feel is counterproductive aspect of modern economics. He is more influential in academia than friedman, mainly because Friedman's monetary theories were seen as crazy at the time( late 50's- late 70's), you have to remember Friedman was pushing 60 and had been teaching for almost four decades before he actually started to gain mass influence.

 

[Domingo Halliburton]

Damn great stuff dog... I'm gonna really sit down and digest this shyt... I know how options work but I don't know WHY they work... that's what baffles me... like what is the options pricing model and how that is calculated... I'm gonna digest all this shyt when I get some rest... HL seems like its in prime form right now

look up the black scholes model or binomial pricing model. binomial is pretty straight forward but the black scholes shyt look like:

not that it's hard you just got to know what the symbols stand for.

 

[The Real]

I'm a bit hesitant to ask this question in fear of sounding like a retard. But we humans created the stock market. Don't you find it odd that we don't know how it works? For years we've formulated working theories like it's some sort of pandora's box. I always thought stock prices were determined by a complex mathematical equation with variables influenced by real world events.

Macro is because the speed at which we as humans increase both the magnitude and the complexity of society and the economy far outstrips our ability to develop the means to control or even accurately perceive it. We still need more computing power to be able to even accurately model this stuff.