Saturday, March 04, 2006
[743] Of economics, preference and rationality
I was about to blog something about microeconomics but ended up emailing my undergrad economics professor instead. Meanwhile, I dug up a pile of shit and found this written in one of my economics coursepacks:

Mohd Hafiz Noor Shams. Some rights reserved


It was taken from the coursepack itself. The full version is this - "Remember, economics defines rationality in terms of whether an individual acts sensibly given his or her preferences, not whether the preferences themselves are sensible."

How true. That's positive economics.
23:59 EST | (3) Comments

Thank you for sparing us from your drawings.... i think your prof's handwriting is more pleasing to the eye ANYTIME!!!

By Mr Duh, at 05 March, 2006 09:22  


that's my handwriting. LOL!

By __earth, at 06 March, 2006 21:53  


ah yes... i recognise that horrible hand writing... i waste so much time trying to figure out wat nonsense you were trying to write on your assignment. MUAHAHAHAH

By Mr Duh, at 07 March, 2006 09:16  


                   
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