Big Announcement from my Small Blog

While this news is not on the realm of yesterday's good news, it is important in my small world. As many of you know, I am currently finishing up my masters at the Barcelona GSE. Luckily, this experience did not scare me too much, so I have decided to keep going with my formal economic training.

The past few months have been a long process. There are many events in my life I would love to do again (play college football, see LOTR in theaters, eat at Chipotle), but applying to PhD programs is not one of them. It involves hours and hours of essay writing, mindless application details, checking on recommendations, and mostly just being uncertain and stressed about the future. On top, the applications fees can put a dent in one's pocketbook. It was fun in its own sadistic way, but I am glad to be done with it. I know Brynn is too.

After much delibration, I have decided to attend the University of Minnesota this fall. It's an exciting program that has been expanding in recent years. While Minnesota is best known for its historic macro program, it has an excellent industrial organization team (connected with the business school and the Minneapolis Fed), which is my current area of interest. While there are other programs that I would love to attend, Minnesota is certainly the best for my career and personal goals. It will be the hardest academic challenge of my life.

I'm sure I will be the only one in my cohort that reads Rothbard and Buchanan for fun in my spare time. That's okay. I don't really like being around totally like-minded people. I mean, I live in Spain where I am not the norm in any way. Still, Minnesota will push me to become the best economist I can be.

The blog will still be up and running, so I will still be learning from my favorite economists online and you few followers will still know what is going on in my career.

Wish my fiancé and me luck!

Mas-Colell Chapter 1: Preference and Choice

As mentioned in a earlier post, I am working through Mas-Colell, Whinston, and Green's Microeconomic Theory1 (often shortened to Mas-Colell or MWG) as my introduction to modern Samuelsonian microeconomics. To help with the learning and teaching, I've decided to post a summary and analysis of each section. Jonathan Catalan did this with Keynes' General Theory and it was enjoyable. I hope to imitate that concept. Unfortunately, Mas-Colell is a textbook, compared to a treatise. This will bring about challenges, which I hope I can overcome.

While most casual readers might not be interested in a walkthrough of a textbook, hopefully some students will. I hope to give an introduction to those who are interested in graduate economics without the difficulty of the actual book. Also, I believe if I cannot write down my thoughts, they probably are not clear. Put differently, sloppy writing means sloppy thinking and I want to avoid sloppy thinking through practice, practice, practice. So I need to get it "on paper." While it might be dangerous to one's esteem to put ideas online after first reading, to steal the subtitle from Gene Callahan's blog- “Silence will save me from being wrong (and foolish), but it will also deprive me of the possibility of being right.” -- Igor Stravinsky.

Everyone is welcome (encouraged) to tell me where I am wrong. That is what comments are for and what makes blogging so enjoyable.

Note: I will attempt to avoid any commentary until the end or in the comments. That is where I hope to make comparisons with other authors. The most important step is to first understand what the authors are saying. Only then can I decide where the author is right and make counterarguments.

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