Donnellynomics is a blog about those aspects of economics that interest me and I can still understand given that my training was so long ago. Although well-trained in Economath in the 70’s, rather than bring myself up to date, I will focus on the conceptual side of economics using, hopefully, logic and good sense.
Although there is always the tendency, I try not to launch my posts from other people’s work (although I have several times in these pages) and especially don’t like blog posts that simply nit-pick or find flaw with another’s post without bringing something to add to the debate. My aim in blogging is to solidify my thinking, look at all sides of a subject, and practice the art of crafting a good argument.
My economics education, which was a while ago at the venerable University of California at San Diego, allowed me to study under many astute professors including Dr. C. W. J. Granger (Nobel Laureate, Statistics & Forecasting), Dr. Richard Attiyeh (Macro) and Dr. Ramu Ramanathan (Econometrics). In my last year I had the pleasure of knowing Dr. Hal White (Econometrics) and thoroughly enjoyed his blowing Mangione on his Trumpet on the Quad (he had long hair then and even wore the hat). I thoroughly enjoyed the ever entertaining Dr. Judith Mann (Micro and watching her write on the chalkboard) and I was fortunate enough to be a teaching assistant to Dr. D. V. T. Bear (Macro) always wondering about his matching belt and watch-band fashion statement.
My original plan in entering UCSD’s Revelle College was to become a doctor. I had to adopt Plan B when, in one-quarter of my junior year, I contracted pneumonia and ended up with a C grade in Physical Chemistry, Organic Chemistry and Molecular Biology. I took those three classes in one 10-week quarter and being out sick for two weeks at the end of the quarter cost me dearly.
So I switched my minor, Economics, to another major and graduated with double majors in Biology and Economics. I did much better in Econ than I did in Biology. Bio seemed to be all memorization. I couldn’t derive anything; if I forgot something, it had to be in the memory banks and easily recallable. Failing those courses (with a “C”) is not as sad as one might think, I was sick of school and really didn’t mind skipping out on the lengthy Med School, Internship and Residency education. I was itching to get out in the world and see what was happening.
I went to UCLA briefly after UCSD to gain accounting knowledge and sat for, and passed the California CPA Exam a year later. I have spent most of my time in the business world ever since.
Lately, since the crash of 2008, I have renewed interest in Economics as the blogosphere has enabled me to stay current on economic issues by reading the work of brilliant economists (Brad Delong, Tyler Cowen, Arnold Kling, Dean Baker, Ed Dolan, Paul Krugman, Menzie Chin, Mark Thoma) via RSS feed daily. The Internet is wonderful!
So I hope you enjoy my writing and feel free to jump in with comments but mind your manners.