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Author Topic: Jesus f***ing monetary Christ!  (Read 6153 times)

Aqizzar

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Re: Jesus f***ing monetary Christ!
« Reply #60 on: January 15, 2010, 03:39:20 pm »

There's also the easily observed as bullcrap notion of rational self-interest.  There would be no such thing as luxury goods if people actually behaved the way classical economics works.
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Neruz

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Re: Jesus f***ing monetary Christ!
« Reply #61 on: January 15, 2010, 04:32:28 pm »

There's also the easily observed as bullcrap notion of rational self-interest.  There would be no such thing as luxury goods if people actually behaved the way classical economics works.

The fact that modern economic theory is based around rational, logical and intelligent machines rather than around people doesn't help, no.

Shinziril

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Re: Jesus f***ing monetary Christ!
« Reply #62 on: January 15, 2010, 08:56:55 pm »

Well, we've got people working on "behavioral economics," which seems like it'll account for some of the wierd/stupid things "rational self-interest" doesn't. 

Luxury goods do work somewhat, at least, since rational self-interest includes "utility maximization" (I.E., happiness/satisfaction maximization) and if you have the resources to buy goods that give you more satisfaction, you obviously should.  But I digress.   

*wanders off again*
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eerr

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Re: Jesus f***ing monetary Christ!
« Reply #63 on: January 16, 2010, 03:33:55 pm »

Well the majority of modern economics are founded on heavily flawed assumptions (that have been conclusively proven flawed and wrong no less), so most economists are by definition dumb.
Economics is not based on heavily flawed stuff.
It's based on generalizations, and also a highly critical math portion.

Quote me an example.

Modern economic theory is based on the flawed foundations of General Equilibrium, which assumes, amongst other things, infinite supply and demand so as to achieve the perfect balance (hence why it's called General Equilibrium).

If you want to read more, here is a supurb book on the subject. You can find most of the book on google ebooks for free.
Is it considered a flaw to approximate the area of a circle with a square?
« Last Edit: January 16, 2010, 03:36:03 pm by eerr »
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Dwarf

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Re: Jesus f***ing monetary Christ!
« Reply #64 on: January 16, 2010, 05:07:09 pm »

Well the majority of modern economics are founded on heavily flawed assumptions (that have been conclusively proven flawed and wrong no less), so most economists are by definition dumb.
Economics is not based on heavily flawed stuff.
It's based on generalizations, and also a highly critical math portion.

Quote me an example.

Modern economic theory is based on the flawed foundations of General Equilibrium, which assumes, amongst other things, infinite supply and demand so as to achieve the perfect balance (hence why it's called General Equilibrium).

If you want to read more, here is a supurb book on the subject. You can find most of the book on google ebooks for free.
Is it considered a flaw to approximate the area of a circle with a square?

I would. It's really a damn primitive way to approximate the area of a circle.
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eerr

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Re: Jesus f***ing monetary Christ!
« Reply #65 on: January 16, 2010, 06:06:07 pm »

Well the majority of modern economics are founded on heavily flawed assumptions (that have been conclusively proven flawed and wrong no less), so most economists are by definition dumb.
Economics is not based on heavily flawed stuff.
It's based on generalizations, and also a highly critical math portion.

Quote me an example.

Modern economic theory is based on the flawed foundations of General Equilibrium, which assumes, amongst other things, infinite supply and demand so as to achieve the perfect balance (hence why it's called General Equilibrium).

If you want to read more, here is a supurb book on the subject. You can find most of the book on google ebooks for free.
Is it considered a flaw to approximate the area of a circle with a square?

I would. It's really a damn primitive way to approximate the area of a circle.
What about a hexagon?
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Dwarf

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Re: Jesus f***ing monetary Christ!
« Reply #66 on: January 16, 2010, 06:14:07 pm »

That's already better, but you might also use r*r*3.
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zchris13

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Re: Jesus f***ing monetary Christ!
« Reply #67 on: January 16, 2010, 07:22:32 pm »

I like octagons to approximate area.
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Neruz

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Re: Jesus f***ing monetary Christ!
« Reply #68 on: January 16, 2010, 07:40:55 pm »

Getting the area of a circle is not hard :\

zchris13

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Re: Jesus f***ing monetary Christ!
« Reply #69 on: January 16, 2010, 07:57:49 pm »

Where do you think they GOT that equation, hmmm??
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Neruz

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Re: Jesus f***ing monetary Christ!
« Reply #70 on: January 16, 2010, 08:00:47 pm »

Uh, basic math? Pi is the ratio of the circumference to the diameter of a circle. Once you have that, it's not a difficult leap to realise that multiplying Pi by the squared radius of the circle will give you it's area, or multiplying Pi by the diameter of the circle will give you it's circumference.

JoshuaFH

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Re: Jesus f***ing monetary Christ!
« Reply #71 on: January 16, 2010, 08:01:36 pm »

Where'd pi come from anyway?
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Jreengus

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Re: Jesus f***ing monetary Christ!
« Reply #72 on: January 16, 2010, 08:03:37 pm »

Pi is the ratio of the circumference to the diameter of a circle.
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Aqizzar

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Re: Jesus f***ing monetary Christ!
« Reply #73 on: January 16, 2010, 08:04:05 pm »

Greece.  Or Egypt.  Honestly, if a bunch of bored guys sitting around the ancient world could work it out on their hands, it can't be that complicated.
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Please amplify your relaxed states.
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Jreengus

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Re: Jesus f***ing monetary Christ!
« Reply #74 on: January 16, 2010, 08:06:29 pm »

Egypt aproximated Pi as about 22/9 IIRC. It was a bit tricky to be accurate until the decimal place was invented and you had a good way of displaying irrational numbers.
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Oh yeah baby, you know you like it.  Now stop crying and get in my lungs.
Boil your penis. I'm convinced that's how it happened.
My HoM.
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