Re: Studying Economics

2001-11-02 Thread Alex Tabarrok
"Gray, Lynn" wrote: > > But in terms of getting into a high ranking grad school isn't going to the > right undergraduate institution important? > > Lynn You can get into a top graduate school from any decent undergraduate program in the country so long as your grades are superb and yo

RE: Studying Economics

2001-11-02 Thread fabio guillermo rojas
Not as much as you think. Of course, if you go to a completely unchallenging school your chance for a top grad school will drop. But grad school committees have pretty good information on their hands when it comes to econ: math grades, math GRE, econ subject GRE. They also have letters of rec. Wi

RE: Studying Economics

2001-11-02 Thread Gray, Lynn
But in terms of getting into a high ranking grad school isn't going to the right undergraduate institution important? Lynn -Original Message- From: Alex Tabarrok [mailto:[EMAIL PROTECTED]] Sent: Friday, November 02, 2001 11:16 AM To: [EMAIL PROTECTED] Subject:Re: Studyi

Re: Studying Economics

2001-11-02 Thread fabio guillermo rojas
let me add another note: it's important to choose an undergraduate college where you will do well and you like the atmosphere. Once you have a publication or two, nobody will care that you got a C in graduate econometrics at MIT, but your undergraduate GPA is used for all sorts of things. So cho

Re: Studying Economics

2001-11-02 Thread Alex Tabarrok
It's much less important where you get your undergraduate education than where you get your graduate education. Any "good" school will do and this includes many smaller colleges. It is extremely unlikely that the extra expenses of Harvard are worthwhile unless you are going into business and

Re: Austrian school and universalist economics

2001-11-02 Thread Technotranscendence
On Friday, November 02, 2001 8:57 AM Fred Foldvary [EMAIL PROTECTED] wrote: > Austrian economics is not specifically capital-based, as there is > much more to it, and has more fundamental features, but as a > distinction from other schools of thought, indeed Austrian > capital-goods theory has not

Re: Tax with positive growth effect

2001-11-02 Thread Gustavo Lacerda \(mediaone\)
- Original Message - From: "Fred Foldvary" <[EMAIL PROTECTED]> To: <[EMAIL PROTECTED]> Sent: Friday, November 02, 2001 9:25 AM Subject: Re: Tax with positive growth effect > > Whereas if there were no tax (i.e. if it was voluntary), individual > businesses would be reluctant to use their

RE: Austrian school and universalist economics

2001-11-02 Thread Pinczewski-Lee, Joe (LRC)
Well Physics has been attempting a comparable feat in Unified Field Theory, linking Quantum Mechanics and Einsteinian Macro-Level Physics for years, so good luck Economists! -Original Message- From: Fred Foldvary [mailto:[EMAIL PROTECTED]] Sent: Friday, November 02, 2001 8:58 AM To: [EMAI

Re: Tax with positive growth effect

2001-11-02 Thread Fred Foldvary
> Whereas if there were no tax (i.e. if it was voluntary), individual businesses would be reluctant to use their money that way, even if they knew that everybody would be better off if everybody invested their share into the collective fund > (prisoner's paradox). > Gustavo Does the prisoners' p

Re: Tax with positive growth effect

2001-11-02 Thread Fred Foldvary
>> cost of replacing the building, subtracts depreciation, and that >> amount is subtracted from the prevailing market prices in that >> neighborhood to estimate the land value. > I agree, but you are talking about is price of land, not its value; > that is market price!!!The difference makes the

Re: Tax with positive growth effect

2001-11-02 Thread Fred Foldvary
--- [EMAIL PROTECTED] wrote: > For a very brief period of time several places in South Carolina > tried to tax idle land. The accessor would try to figure out what the most valuable improvement to the land would be and then asses based on that. It was a horrible failure. > What did happen is tha

Re: Tax with positive growth effect

2001-11-02 Thread Fred Foldvary
> > No, the whole rationale for taxing land value is that it does not > > matter what the site owner does with the land. >What you are proposing is a kind of capital tax. I do not have >anything against it, but your face the economic consequences of >taxing "capital". No, because land is not c

Austrian school and universalist economics

2001-11-02 Thread Fred Foldvary
> Roger Garrison has made a very good cause for the Austrian > school to remain a separate school. He classifies schools as being > labour-based (Keynesian), money-based (Monetarists) and capital- > based (Austrian). > Pierre le Roux Austrian economics is not specifically capital-based, as ther

Re: Elasticities and international trade

2001-11-02 Thread Alexander Guerrero
One interesting thing is that many collegues do not make differences between tradables and nontradables. which in small countries you coud use a rule of 6:4 in termes of prices. So it is very difficult to estimate elasticities accordingly with Marshall-Lerner conventions, since the price you are u