chessonomics
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Isn't is quite paradoxical that you can Ace your undergrad econ courses and get C's in your mathematics minor and still not be admitted into a good econ grad program... This isn't a case for me, but rather my acquaintance.
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Hi All, Where might a 3.4 overall GPA and a 3.8 major GPA get me for Masters programs or PhD programs? I am an undergraduate economics major currently. Might I be admitted into 50-75 ranked programs for a masters program? better? worse? Thanks for your help in advance Cheers!
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Hi, Yankeefan I have posted my math background above. I will utilize the search option - thanks!
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I will have completed: Calc 1-3, Linear Algebra, Differential Equations, Transition to Adv Math, and Real Analysis (also, basic probability and stat courses).
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Hi, All What are your thoughts about obtaining a Masters in Mathematics before applying to Economics PhD programs or even Economics Masters programs? Cheers!
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@Humanomics: I will answer your questions after this week. Sorry for the delay - I have finals to study for right now. Look for my post in this upcoming weekend! Cheers!
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No, I haven't. I will look for it in the library. @Humanomics: I'm not saying we do without the price system. We still barter; we never got rid of bartering. I am saying that we will have a new transaction system soon. Take my words as sci-fi if you please, however, we are undergoing the beginning of a new shift of order. I am not saying this our of bad-will, spite, etc. Oh, and btw, I study economics and mathematics. I don't appreciate you saying that I do not know anything about economics. I haven't been rude to you.
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I would suggest you watch some lectures by Fresco. He has a proposal. Would you agree that our language as a world is somewhat primitive? I think so. I believe our language is outdated. Let's apply this same reasoning to an economic system. I think our economic system is somewhat primitive. You do not need to agree with me, however, many people are coming to this realization.
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Exactly. Why can't we focus on the "hard" benefits and costs, rather than a value system. Of course the monetary system is a value system. Who are you kidding?
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Yes! A common value system much different than the value system under a monetary system. It seems as if no one wants to explore such avenue..Why is that?
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"benefits" and "costs" are value terms. Our value system (way in which we place value to things that are not intrinsically valuable) would change. Wouldn't you like to live in a world that is mostly automatic, whereby you would have the time and energy to do the things you enjoy and make you happy?
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Notice how "benefits" and "costs" are value terms. Under a shared resource based world economy, our value's would change. Crime would diminish. Automation that takes jobs would be seen as a good thing. The only reason why people get frustrated at automation is because it pushes them down the "rich" hierarchy (race to the top, "I'm better than you"). Suppose you lived in a world were you lived longer, automation took over 99% percent of jobs, and resources would be shared internationally. Wouldn't you have the time and energy to be doing things in which you enjoyed and made you happy? Why prohibit such a movement?
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You have accurately understood my post. My point is that eventually we will reach a time when automation takes over, and we are left with only human creativity. I cannot understand why people think money needs to play a central role in the world if all "unpleasant labor" (for a lack of words) is automated. For example, if a machine can outperform me, I am glad! That is because then I do not need to do the "unpleasant laboring". Even when we think of analyzing soil conditions across our nation to better prepare for droughts and bad weather condition, we can "inter-net" these location and create an algorithm to maintain crops and alike. (not sure if I'm getting my point across....I'm studying for final exams right now)
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Hey Humanomics, You didn't really address my main concern. You talked about bartering, and how long it has existed. Also, how are there no qualitative difference in our economic system today than there were thousands of years ago. Please elaborate! Fresco's argument highlights that we are approaching a time when every job can be automated. If this were the case, and social happiness is an important aspect of economic productivity, wouldn't it be better to get off of a monetary system? The incentives under a monetary system are that of resource hoarding - what purpose does this have in an automated world? I do not like your ending snippy remark. I am not a Christian who believes in "fairy tales", as you have put it. Moreover, the world is abundant of resources to the extent to how much resources it has. Meaning, not everyone has access to the resources our earth holds. Fresco was being optimistic, hoping everyone would have more access to the resources they need to be happy and produce more "widgets" on earth.
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Jacque Fresco has famously said: "Earth is abundant with plentiful resources. Our practice of rationing resources through monetary control is no longer relevant and is counter-productive to our survival... ...Today we have access to highly advanced technologies. But our social and economic system has not kept up with our technological capabilities that could easily create a world of abundance, free of servitude and debt... ...Whatever happens in the world is real, what one thinks should have happened is projection. We suffer more from our fictitious illusion and expectations of reality." I'm not sure of to what extent any of you have heard of Jacque Fresco, but I believe him to be man of incredible genius when it comes to social and cultural design. Do you believe the world is at the beginning of a new paradigm shift, evolving out of a monetary system (similar to how we evolved out of the bartering system)? Of course, I am not suggesting that people do not still barter today. However, I am asking economists to evaluate Jacque Fresco's claims, because I do believe there is a common sentiment shared accross the world concerning our current macroeconomic/international system. Isn't the study of economics concerned with maximizing social happiness in the most productive way possible? Cheers!
