The Micro of Macroeconomic
Macroeconomic was brought forwarded from the failure of microeconomics to explain about three main things: Unemployment, Inflation and Aggregate Growth.
While this discipline has been studied for almost a decade and many of economic decisions were made with its knowledge, Macroeconomic is reaching the stage of its irrelevance, just like microeconomics 70 years ago. I’m not saying that macro is not relevant, it’s indeed relevant. However with today much-evolved market, it is like we are perceiving the market with ’perfect economy’ notion of microeconomics, but this time with ’perfectly imperfect economy’ that can be rectified with fiscal and monetary policy.
I’m not in the place to present a new idea here but just want to share my concern about current economic view point. Now waiting for the next Keynes that will revolutionize the economy.
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Comments
Hi Irwan, are you studying in Stevens Institute of Technology? How’s life?
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Irwan reply on April 17th, 2008:
yes I am. Life’s good here. are you a prospect student? let me know so I can address your question better
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Wendy reply on April 17th, 2008:
I’m not a prospective student. Haha..
I’m an 1st year undergraduate in local varsity now.
If you want to know more about economics, I would recommend you read Paul Samuelson’s economics textbook 1948 edition.
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Hallu..
Thanks irwan for your knowledge in some area that i quite interested.
Bout this topic, can we share bout k-economy?
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Wow, i have the view too…Someone must come out with a new idea as the economy as evolved so much from the textbook. My degree is engineering and I’m studying MBA (means only shallow knowledge on economic),please correct me if I’m wrong.
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eh, nobody comment on this post. apelagi irwan,
http://hmmlo.blogspot.com/2008/04/magical-8.html
kau kene tag. wahahahhahaa
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