Professor Guerrero's Blog

mguerrero@google.com

Co-author of East of Tiffany's, 13 short stories of a Latino immigrant's success in USA; a journey from West Harlem to Sutton Place and Park Avenue. Check out the reviews in Amazon.com and in Barnes and Noble.

on KINDLE on NOOK

My best sellers are my translations of La Dame aux Camelias and Madam Bovary

Professor Guerrero's Blog: Economics: The Dismal Science Professor Guerrero's Blog: Book Reviews, Human Interest Articles, Accounting Lessons, and Writing Techniques

Book Reviews  

Books

Sentence Openers Book: FREE Lessons

Jane Austen  

Boethius: Consolation of Philosophy

How to Become a Writer  

Personal Finance  

Self Help, Wealth, & Learning

Greeks Romans Trojans  

Feminism  

Great Gatsby: Is Nick Gay?

All my books are now in NOOK

Ideas About the Novel is a prophetic book that all writers must own.

Ideas About the Novel by Ortega y Gasset - my translation $0.99


Next to Cervantes, Benito Perez Galdos is the most beloved Spanish writer of all times.

Torquemada at the Stake by Perez Galdos- my translation $0.99

Lazarillo of Tormes - my translation $0.99
Read it in contemporary English -- No Thous, Thees, or King James' Bible language. Transliterated into easy language for enjoyable reading pleasure. Because The Lazarillo of Tormes pointed a new direction, European and American literature benefited with titles that today are considered classics: Cervantes’ Rinconete and Cortadillo; Daniel Defoe’s Moll Flanders, Henry Fielding’s Tom Jones and Joseph Andrews; Tobias Smollett’s Roderick Random, and Peregrine Pickle; Voltaire’s Candide; Charles Dickens’ David Copperfield. And many others to include American works ranging from Mark Twain to Saul Bellow.

Dehumanization of Art by Ortega y Gasset - my translation $0.99
The Dehumanization of Art— is now a constant in music, literature, aesthetics, and philosophy, having come to mean that in post-modern times human-shaped mimesis (representation of the human) is irrelevant to art. According to Ortega, the arts don't have to tell a human story; art should deal with its own forms—and not with the human form.

Sentence Openers
How writers open their sentences makes prose agile, interesting, and athletic. This e-book teaches how to break the pattern Subject-verb-object--and discard openings that begin with nouns, articles, and pronouns.

East of Tiffany's - bestseller $5
With the city as its backdrop "East of Tiffany's" is filled with earnest tales of love, loss, faith, success and morality. While business terminology is interwoven throughout these short stories, it's not business lessons that I take away with me, but life lessons. The circumstances and the characters' profound humanity are relatable despite their zip code . "Luke, Postmodern Man" offers a new vista into faith, suffering, and love of neighbor. Way after you read this book you'll find yourself thinking about the various characters throughout the series of stories and will find solace in their unwavering faith. The narrators' ability to reflect on their hardships with such serenity is inspiring.



My writing was as flat as a sidewalk. And then I downloaded ...

Mary Duffy's Toolbox for Writers
After I purchased Mary's e-book I started to get 'A's in my essays and term papers! Every page is filled with great writing tips, training lessons, and wonderful useful writing skills! Not only do I write essays for college, but also short stories!
--IVONNIE Indrawan
College student
Sentence Openers on KINDLE

Sentence Openers on NOOK













All my books are now in KINDLE


Ideas About the Novel by Ortega y Gasset - my translation $0.99
Torquemada at the Stake by Perez Galdos- my translation $0.99
Lazarillo of Tormes - my translation $0.99
Dehumanization of Art by Ortega y Gasset - my translation $0.99
Sentence Openers
East of Tiffany's - bestseller $5


The most beloved short story from Spanish literature
All my books are in NOOK $0.99 or in Amazon KINDLE $0.99








All my books are now in NOOK

Ideas About the Novel is a prophetic book that all writers must own.
Ideas About the Novel by Ortega y Gasset - my translation $0.99

Next to Cervantes, Benito Perez Galdos is the most beloved Spanish writer of all times.

Torquemada at the Stake by Perez Galdos- my translation $0.99

Lazarillo of Tormes - my translation $0.99
Read it in contemporary English -- No Thous, Thees, or King James' Bible language.

Dehumanization of Art by Ortega y Gasset - my translation $0.99
The Dehumanization of Art— is now a constant in music, literature, aesthetics, and philosophy, having come to mean that in post-modern times human-shaped mimesis (representation of the human) is irrelevant to art.

Sentence Openers
How writers open their sentences makes prose agile, interesting, and athletic.

East of Tiffany's - bestseller $5
With the city as its backdrop "East of Tiffany's" is filled with earnest tales of love, loss, faith, success and morality.



My writing was as flat as a sidewalk. And then I downloaded ...

Mary Duffy's Toolbox for Writers
After I purchased Mary's e-book I started to get 'A's in my essays and term papers!
--Ivonnie Indrawan
College student
Sentence Openers on KINDLE

Sentence Openers on NOOK





Available in KINDLE $0.99


Available in KINDLE $0.99

Wednesday, October 13, 2010

Economics: The Dismal Science

Alan Greenspan, former chairman of the Board o...Image via WikipediaI Want to Make Money: Shoud I Study Business or Economics?
Scientists estimate that within 14 years there will be a solar eclipse. Not only that but they predict that it will occur at 10:25 am; that it will last 8 minutes and that will be seen only in the Western Hemisphere.
Economists predict that next week's inflation will be 2%, and most likely they will be wrong.
It isn't that scientists do their job well and economists badly-not at all. The problem lies in the nature of the data that each specialist works with. The data economists use are always doubtful and filled with subjective opinions. By now the public is used to the dismal corrections and adjustments that take place the following quarter.

That economics is a 'dismal science,' we are sure, yet the sobriquet does more ill than good, for. Economics isn't a science at all but a pseudo-science.

Economists are asked to give a vision of what will be, for example, the economic dynamism of the next quarter. Very difficult task if one takes into account that by the time the information is gathered and processed it already lags; it never approximates reality.

To simplify this argument, think about your business. Can you, today, predict exactly the level of sales for this quarter? That is an impossible. Especially if we assume that sales in addition to factors related to the type of product, brand, advertising, etc, will be influenced by inflation, overall economic growth, investment, etc. Despite all this, a shrewd business person makes money.
But if a business person cannot predict sales with some degree of accuracy, how can the economist give realistic projection of what will happen in the country?

To further complicate things, economists must deal with the self-fulfilling prophecy of the economy. If someone says that the shares of a company will go up in value by 25% within a month, it is likely that the increase will happen in a day rather than in 30 days because everyone will want to buy shares and benefit. The same phenomenon occurs with the inflation data, the exchange rate, GDP, etc. If we say that there will be inflation within a month, people will rush to stock up now in order to avoid the high prices, and that triggers inflation. If we say that the specter of another financial crisis is imminent, people stop investing and the economy will fall even more. And that is what is happening in the current recessionary environment-a vicious cycle fueled by fear.

How do we extricate ourselves from this quagmire? It can be done with solid understanding of economic theory and economic and models that instill confidence, with good statistical tools, with toughness. The starting point out of the malaise is credible data, data that is free of political manipulation. While Alan Greenspan -for many years- sailed the seas of economic uncertainty with great panache, Bernanke's grip at the wheel seems weak and erratic.

Summary: Who makes money consistently?
While the unemployed suffer, the hedge fund managers thrive and get richer by the minute. Why is this so? Simply because they have terrific crystal balls -business models as opposed to econometric models- and quick decision making that the Federal government lacks. The only way to make money on a sure basis is by investing in a good hedge fund, a fund that is protected with indexed options, futures contracts, and the like.

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Professor Guerrero's Blog

Co-author of East of Tiffany's, 13 short stories that will warm your heart - See 101 reviews in Amazon.com and 37 in Barnes and Noble.

on KINDLE on NOOK

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