homo oeconomicus investigates: Thomas Sargent.

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My digital clock shows twenty minutes past eight.
Since I abandoned this silly 
analogue clock, my life, again, 
turned a little more rational.

I am a little tipsy, if not 
quite drunk; 
perhaps not really unusual 
for a detective; yet insufferable 
for a business crime detective called homo oeconomicus, 
unless the drunkenness is absolutely predictable.

I am currently involved in a self-test 
with a precisely quadrangular whiskey bottle 
with precisely quadrangular glasses, connected by a
logarithmic scale. I thought it was practical and close to reality, 
but, as – due to the drums in my head – I just discover 
it was a rather dilettant attempt and perhaps treason 
against a purely rational doctrin.

My next experiment should be with an 
alcohol-efficiency-device with a wonderful algorithm 
that even takes the evaporation at the storage place into consideration -
along with long-term weather recording of the micro climate.
Future drunkenness should, therefore, be exactly calculable.
To 1% remaining drunkenness within a precisely determined 
time. With a precision level significance of 5% of
the Kolmogorov-Smirnov test.
But here is my new experience, which gives 
me quite a bit of hope.

New York City University.


As usual, I do not interview the latest winner of the Nobel Prize 
directly. As before, disturbances in the area of personal sentiment  
cannot be correctly predicted and will inevitably cause berathtaking 
errors. These will range in the nano-sphere.

But for me, what his colleagues tell about him is,
well, how can I best describe my enthusiasm, well, I would say 
a hundred, yes, precisely a hundred on my personal scale, 
without the slightest Heisenberg fuzziness.

They say.
Thomas Sargent assumes a consumer who can 
very well predict the future.

For example, he knows that, if a government borrrows more 
today in order to stimulate the economy through 
additional spending, taxes will rise, because
the deficit must be financed. That means that concepts such 
as a boom program will be in vain. His logical consequence 
without compromise is: in the long run, politics is powerless.

In my book, Thomas Sargent is the best economist  
of the late modern area and already a classic of the more ancient  
old times. Of rational economy. His approach, for which he absolutely 
deserved being awarded the  “Prize of the Swedish National Bank to Honour 
Special Economic Achievements Reminiscent of Alfred Nobel” (some 1000% 
envious natural scientists still refuse to allow us rational scientists 
the Nobel Prize), says that the players will 
always behave in an economically rational way and that the markets 
regulate themselves perfectly.

That is exactly what I wanted to hear.

So now I will indulge in order to achieve my favourite state of drunkenness 
along with a remaining drunkenness … but stop, they have not yet invented the alcohol-efficiency-device, have they?

How am I now going to get precisely my
favourite drunkenness?

(Translated by EG)

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