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Originally Posted by Mikhail Simkin
The guy is described as an economics professor at a prestigious university. Any such person is a noted economist. This is how things work in real life.
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Ok, now I get it  . Just so you know, here is how the Wikipedia defines an economist.
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Economists work in many fields including academia, government and in the private sector, where they may also “...study data and statistics in order to spot trends in economic activity, economic confidence levels, and consumer attitudes. They assess this information using advanced methods in statistical analysis, mathematics, computer programming...and “... they make recommendations about ways to improve the efficiency of a system or take advantage of trends”. as they begin. [3].
It is more difficult to define the professional category of "economists" than to define regulated professions such as engineering, law or medicine. While a lawyer, for example, may be generally defined as a person possessing a law degree and state license to practice law, there is not a legally-required educational requirement or license for economists. In some job settings, the possession of a Bachelor's or Master's degree in economics is considered the minimum credential for being an economist. However, in some parts of the US government, a person can be considered an economist as long as they have four or more university courses in economics. As well, a person can gain the skills required to become a professional economist in other related disciplines, such as statistics or some types of applied mathematics, such as mathematical finance or game theory.
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Now maybe I'm way off base here, but to be a "Noted" economist, you would have to have published some profound papers that were studied and widely thought to be true (Acadamia), or you would have to have had a very successful career and done well by your company/clients in one of the many other job settings described.
Your boy is described in the article as:
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So I go to this lecture from some lifelong finance instructor at a prestigous university..... That guy had spent way to much time up in his ivory tower, a few hours in the real world would have served him much better
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and a guy who "still published his findings" after being shown they were clearly in error from the outset.
To wrap it up, just because the pinko professor of your finance class, whose only other job offer was that of bookkeeper at H&R Block, endorses Ron Paul's(Or anyone elses) ideas as economically sound does not mean they are. It also doesn't make the person an economist.
By the way, what does it say about the state of our education that we can have such "highly educated people", equally unemployable, "teaching" our children. To add insult to injury, we pay out the a** for that education.
Quote:
Originally Posted by Mikhail Simkin
I recall, when I was Soros Scholar at Oxford, I once was left without lunch because of Reagan. I came to the dining hall at normal lunch time but there were no places left. One had to come an hour in advance and wait in the line to get a place. Because Reagan came to our college for lunch. Retrospectively I learned that he was at the time an Alzheimer patient. This was the second time I was left without lunch. The first one was due to IRA bomb scare.
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Out of curiosity, what are the reading comprehension requirements to get into Oxford?
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