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Comments on: Principles for talking to macroeconomists http://www.tvhe.co.nz/2012/06/06/principles-for-talking-to-macroeconomists/ The Visible Hand in Economics Fri, 08 Jun 2012 21:10:24 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Andrew R http://www.tvhe.co.nz/2012/06/06/principles-for-talking-to-macroeconomists/#comment-38227 Fri, 08 Jun 2012 21:10:24 +0000 http://www.tvhe.co.nz/?p=7027#comment-38227 I thought the market was fully able to predict the future — and thus can calculate all future income into a discounted price for any asset?  
There are some things it is possible to say are happening now/going to happen with certainty, for example climate change, peak oil — the uncertainty is what to do/what we will do about these.  That I suggest is the context for Russell Norman et al comments about the direction we should go.
 

]]> By: Horace he Grump http://www.tvhe.co.nz/2012/06/06/principles-for-talking-to-macroeconomists/#comment-38184 Wed, 06 Jun 2012 08:21:37 +0000 http://www.tvhe.co.nz/?p=7027#comment-38184 Someone should be punching Bernard Hickey/Russell Norman/David Cunliffe in the face until the agree with the contents of this article on Stuff and promise never to act like a bunch of ducks again.

Especially Russell Norman who now seems to think that he can predict the future! 

]]> By: Paul Walker http://www.tvhe.co.nz/2012/06/06/principles-for-talking-to-macroeconomists/#comment-38183 Wed, 06 Jun 2012 07:36:55 +0000 http://www.tvhe.co.nz/?p=7027#comment-38183 I thought there was only one principle for talking to macroeconomists: Don’t!
But then, I’m a microeconomist so maybe biased (but consistent).

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