Tuesday, December 18, 2007

FUCK PAUL KRUGMAN

As an economist, I kinda like Paul Krugman...I read his blog, I've enjoyed a few of his books, and despite being somewhat leftist for my tastes has opinions I respect and often agree with. However, his text book is fucking terrible. I'm trying to study for my International Trade final, and maybe I'm just retarded but it's kinda hard to pick-up on math when rather than numerical examples - or even ready formulas - all I'm given is a few graphs (none of which are explained on the same page, which leads to really annoying constant, distracting page-flipping) and hypotheticals that really don't explain how to solve any actual problem. This would be fine if my test was just on concepts, cause conceptually I know exactly how all these tariffs are supposed to behave and could knock that shit out - but no, we're expected to solve and model situations with rather specific numbers attached to them and to hell if I know how to do that.

Here's an example: from a practice problem we've been given, we're supposed to calculate the effect of a .5 tariff on home/foreign prices, and the change in trade. There is no example of how to do this in the book. Instead, we get a graph and this "The increase in the price in Home, from Pw to Pt, is less than the amount of the tariff..." well fuck me, there goes my idea of just adding .5 to Pw and recalculating the volume of trade with that, and with no example of how to find Pt anywhere in this rather hefty tome how the fuck do you propose I do this, Paul Krugman? Magic? Go fuck yourself.

For those of you saying "Sean, I'm sure if you had payed attention in lecture the teacher did an example blah blah blah" go die in a fire. The lectures consist of Bulut reading the slides - provided by the publisher - that are essentially just a summary of each chapter. No real math is given, which really hasn't been terribly detrimental until now. Even if there weren't real examples, usable formulas have at least been given in the past. But in regards to tariffs? I'm pretty sure this is some pinko-commie bullshit Krugman is pulling so no one new will be able to stand up and say "tariffs are bad, and here's the math to prove it!" to the inevitable douchebags in public office that don't understand economics because no one in government ever understands economics (or history, for that matter. WTB semi-strenuous civil service exams) so Krugman can write more books about how fucked up our foreign and domestic policies are. God damn neo-Keynesian and his God damn example-less book.

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