Two Things My Students Can't Grasp

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1) That households might be net savers.
Today they had to graph the simple model of the classical loanable funds market for the fourth time on a test, and they still can't believe that changes in households' preferences change the supply curve. I decided that is because it is inconceivable to them that households are ever anything other than massively in debt.

2) How to use a desktop stapler.
Ninety percent of my students hold the durned thing up in the air and then fight for about ten seconds to get the staple through eight pages. I showed one of them how easy it was when you left the desktop stapler on the desk and his eyes popped wide open.

Comments

  1. Bob Murphy1:32 PM

    On (1), are your students assuming the government is running a budget surplus? Because Modern Monetary Theory says households can't save on net...

    ReplyDelete
  2. ivanfoofoo2:39 PM

    Does it? I've read some things about MMT and I don't recall of ever reading that!

    Have you ever written something about MMT? I'd like to read your opinion about it, as it seems that Post-Keynesianism, chartalism and MMT are gaining influence.

    ReplyDelete

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