Immensely. I was also a religious book.

That is a very nice looking book. I only had one other that looked like it, which I donated to a benefactor who greatly appreciated it. He and his family had given me a place to stay for a couple of weeks at considerable danger to him and his family. I am not sure he could read, but he gift was very well received.

I think this is going to be never ending all around the world. Drones are not nation/state kinds of weapons. Anybody can make an use them now. We will be seeing more and more of them soon.

Other prognostications at this post: #829266

Still only shades of red.

It seems to me that the simplifications needed to make the mathematical models work make the models less than useless for making economic decisions and policy. They reflect an unreality that the economists may recognize but are trapped by the model they are employing to understand the firm or the economy in general. I think this is the main reason Austrian Economic school is superior in predictions and actually making policy decisions.

What!?!?!?!?! Economists, assholes? Unheard of!!! I'm shocked, absolutely shocked! Someone has to pour cold water on everyone, after they take away the punchbowl, of course!

Still very biased by the lefty/Marxist/socialist/communist/murderers publishing magazines and newspapers nowadays that is used for training.

Hayek was invited to debate Keynes in the '30s. Many of the currently popular economic textbook authors took their training from direct Keynes followers and wrote their books from that point of view. They are the current textbooks.

Has the training been completed and on which materials?

A lot of different instances have shown Keynes to be incorrect in his reasoning. However, his theories are still being taught because the current authors studied Keynes when they were in school, and did their Ph.D.s based upon his theories. Hayek admits he made a big mistake when he did not take up the offer to debate Keynes. He may have changed Keynes' way of thinking. But then again, Keynes was a Fabian.

Can you give me one good reason I should reply to Grok?

The whole reason for this phenomenon is that Keynesianism has taken over most of academic economics. Keynesianism just bolsters the state and statism where interference and regulation is the only thing holding the economy together. Also, for them there is no individual actions, only aggregates. What unadulterated BS!!

Yes, but the mainstream economists don't usually view entrepreneurial effects as changing the economy in any really large manner. They are thinking in terms of integrated aggregates doing the actions, while is is really one entrepreneur at a time making the production decisions with respect to time and available resources for profit. They think government, which takes with one sticky-fingered hand and gives with the other while producing nothing, nothing at all.