John Maynard Keynes said that “He (an economist) must be mathematician, historian, statesman, philosopher...” This statement means that to be a good economist, at least we should have four skills which are mathematics, history, politics, and wisdom. Mathematics understanding is very powerful in analyzing economic phenomena and explaining what is happening in a convincing way without losing the essence of the facts. Mathematical logic helps us in modeling such complex and complicated economic matters preciously.
Secondly, an upstanding economist should develop the mind of a historian analyzing economic situations. According to Wikipedia, a historian is someone who is concerned with the continuous, methodical narrative and research of past events. Therefore, an economist has to consider the series of economic fluctuations, examine the relationship among those facts, and extract the substance in a scientific way.
In addition, a smart economist is supposed to be like a politician in the sense of decision making and influencing people. There are many economics theories which have been developed. Nowadays, we have classical theory instead of Keynesian theory. We are also familiar with rational expectation theory and adaptive theory alternatively. Each of these theories, sometimes give different perspectives and solutions. As a politician, an economist must decide and give the best prescription among many alternatives. He has to select the most appropriate theory for his country and determine the ultimate formula to improve the quality of his people.
Finally, an economist must have wisdom as well. He should keenly understand underlying issues behind economic instability. His insight will drive him to choose or produce the optimum results with a minimum of time and energy. His insight will also comprehend what the right or wrong is. Moreover, his judgment will also consider virtue and integrity. To sum up, to be a good economist, not only a mastery of macroeconomics or microeconomics is needed but understanding those four knowledges will enhance the quality of an economist.
Senin, 22 November 2010
Senin, 14 Juni 2010
GOVERNMENT SYSTEMS
According to the article, there are two forms of democratic government system. One of them is parliamentary system. This system is cited by the concentration of government power on parliament. The prime ministry and its cabinet are part of the parliament member and they have to meet with assembly regularly.
On the other hand, lecturer talks about other form of democratic government system instead of parliamentary. It is presidential system. This system is common in United State. According to this system, there is clear separation among executive, judicative, and legislative power. It designs to make sure independency in doing their jobs. The chief of executive power is president who is not the member of parliament.
On the other hand, lecturer talks about other form of democratic government system instead of parliamentary. It is presidential system. This system is common in United State. According to this system, there is clear separation among executive, judicative, and legislative power. It designs to make sure independency in doing their jobs. The chief of executive power is president who is not the member of parliament.
New Commitment
After several months, perhaps years, I open my web and try to write something. It is still difficult for me to express my idea, to share my feeling, and to state my opinion through this media. Time and laziness are the most reason behind it. However, after consider several reasons, I do realize that this tool is very important for me especially to keep and improve my writing's skill. After I had passed iBT Test two months ago, I never study English anymore. I only read some articles in daily newspaper just before go to bed. I thought that with this activity, I can still keep my ability but it does not work because till now, I cannot create an academic paper in proper way. Besides, when begin to read, sleepiness attacks me without an early warning.
Thereby, by this media and at this time, I declare my commitment to write, to express, to share about my notions, my opinions, and my feelings through this web.
Thereby, by this media and at this time, I declare my commitment to write, to express, to share about my notions, my opinions, and my feelings through this web.
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