Economists Dissing Economics

24 Aug

These are funny, yet touching on a concerns I’ve had for a few years now as a PhD student, especially since I’m not as mathematically inclined, and have a general preference for conceptual understanding over mathematical shenanigans..

Unlearning Economics

For whatever reason, I found myself compiling a list of 20 or so quotes, mostly from well known economists, criticising mainstream economics. What’s most interesting is that although the quotes come from a wide range of economists, with different political views and from different times, they seem to have a lot in common.

The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists.

― Joan Robinson

Economics is extremely useful as a form of employment for economists.

― John Kenneth Galbraith

The only function of economic forecasting is to make astrology look respectable.

― John Kenneth Galbraith

…the discipline of economics has yet to get over its childish passion for mathematics and for purely theoretical and often highly ideological speculation, at the expense of historical research and collaboration with the other social sciences.

― Thomas Piketty

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Extrovert v. Introvert: Why We Aren’t Enemies (or Even Opponents)

17 Jan

Awesome post!!


9 Sep

A very catchy read on the love-love-love relationship we all have with our beans and the French press.

So So Busy…

8 Apr

I feel this is something I would have written about at some point in the future if I were truly committed to blogging, maybe not as efffectively but on the same premise… Its something that has bugged me so much over the past couple of years, though I may have now joined “the busy revolution” since I couldn’t beat em’, my stance on this topic is well voiced by Kreider

The Long drive home..

17 Jan

So I know I’ve been out for a few weeks, months maybe, but a lot has happened between my last post and now. the dilemma I face is whether to wrap it all up into one long blog of dish out the stories in bits and pieces. You’ll discover what option I vied for (or not) by the end of this blog.

First of all, 2012 was an awesome year, I was living like a well paid bachelor, so what better way to end the year than with your loved ones.Me and my two other brother In Capetown decided to drive down to Swaziland for the holidays as opposed to flying. A lot of things were happening right about the same time I was to leave for Swaziland, I had to move out of my old apartment, and keep my belonging at a friends, finish up a church project and get ready for my 1900 km road trip to swaziland. This meant that up until 2am the night before we hit the road, we were cleaning up the apartment and packing up all my other belongings in the house. this was necessary in order to get my full security deposit back. 

I was doing so well, church project was successful, car was serviced in preparation for the trip, moved all my belonging to my friends place the night before, and we were set to hit the road by 5 am the next morning. We woke up on time, and I just checked the water level in the car before we on the road to Swaziland. Good conversations ensued and all was in order, going 150 km into the trip whenl I noticed the temperature indicator on the dash board had my engine overheating. Only then did it occur to me that I needed to put the radiator cap back on after checking the water level, this was a necessary procedure. By the time I had this epiphany of course, it was a tad bit too late, radiator water had splashed all over the engine, and all that was coming out was white hot steam. “insert expletives right about here” repeat these expletives for about 2 mins.

I’m not one to stereotype, but the last thing I want is to be stranded on a South African highway, I’ve heard way to many stories of possible repercussions of such. long story short, my engine gasket was warped (not cracked) thankfully, and it could be fixed within a couple of days… “insert expletives” Couple of What?? in frikin Afrikaner county or dorpie as its Imagecalled here. I didn’t have much of a choice, so we starred calling up B&B’s to find a place to rest for the night, even walked up to the doors of some seemingly empty B&B’s only to be told they were fully booked or the “the boss was on vacation”. needless to say it was 3 black brother looking to spend the night in B&B’s in an Afrikaner dorpie. lets just say South Africa still has ways to go as far as racial discrimination is concerned.

come 6 pm the three of us, three fully grown men, got comfy inside my car to spend the night, in frikin Afrikaner county, I slept with one eye open ready to make a run for it should some crazy people decide I would make for good ritual sacrifice, yes! I get paranoid sometimes. Needless to say, that didn’t quite happen and I wasn’t sacrificed, two days in some lonely town where the city library was the size of my bedroom, but with a church bigger than the biggest church in Milwaukee (these are the type of life occurrences that baffle me the most).

We hit the road again three days into the road trip and well, and lots of $$$ later, got Swaziland in good shape.

Moral of the story? stay away from car engines Tosin! Don’t even check the daggin water level!!

The Bargain Champion

13 Sep

I’m no professional photographer of any sorts, and I’ve only managed to make use of half the capabilities of my Nikon D3000 DSLR, the undeniable truth is, I love (a little more than some, and a tad bit less than others) photography and some of the quarks that come with it. The purchase of my Nikon was a winner (among my circle of friends) as far as bargains/steals are concerned, I got it from a friend visiting from Canada (yes!! the country does exist) for about a third of the price .. R1200 instead of R4000. and at that moment in time, I laid claim to the throne of bargain hunters, and became the bargain champion (in my own world)

Anywho, I joined a photography club in Capetown that sends out newsletters on accessories deals in the area, and I usually forward these  to my brother, who is also a lover of photography (bigger lover than I am). Today, after receiving the Newsletter email from me, he said “Tosin I have a big Confession to made, this is a real big confession, .. *awkward silence* ….I’m selling my DSLR”. WOW!! I didn’t see that coming, I expected him to confess about being the one who stole my cookie about 10years ago or something, you know something really dramatic like that. This came as a massive surprise, because it was through him I developed my love photography as well, and this was like Batman telling Robin he’s really not into the Imagewhole vigilante thing anymore. He then went on say “I just got me a new camera, the Sony alpha a77”. I screamed in silence, since I was in the office and couldn’t scream loudly, my office mate heard me anyways… I know !!! right??, I’m pretty sure most people are like ooookay, but really, let me put this in perspective, its like a 7 series BMW in the world of cars, a Macbook pro in the world of computers, BOSE Speakers in the world of sound, Table Mountain in the world of nature.. ahem *clears throat*, you get the drift.  So this was like a big deal, and the best part of the whole thing was he got the camera for less than a third of the market price. This is comparable to buying macbook pro for $250 or buying gas at a $1/gallon or buying a loaf of bread in CapeTown for R2. It ridiiculous!! and I was mad!!

Now don’t get me wrong, I was ecstatic for my brothers “steal” but that could only mean one thing, I’m not longer “the bargain champion”. Well as you may have guessed, I’ve been all over the worldwide web looking for a bargain that will trump my brother’s “steal”, my dissertation is on hold for now, I shall come back to resume research, but first I must the ultimate bargain, and reclaim my throne

Until then, Congratulations big brother, you are the bargain champion.


Sleepless Nights

30 Aug

In my quest and almost always futile ploys to attain my most efficient level of productivity, I’ve been playing around with my working hours, and over the past week, I’ve gone through every possible “work shift” and i’m now back at square one. working 10am to about 8pm. It goes to say, whoever invented ‘day and night’, knew exactly what he/she was doing, and I should just align my work shift right along with it.

In the course of my search for my optimal level of productivity, I’ve managed to completely disorient my body clock, such that ‘checking in early” means going to bed at 2am in the morning, and breakfast now happens at 2pm. ahh, such is the life of doctoral scholar.


peace n love