Wednesday, December 31, 2008
Christmas Vacation - Part 2
The next day it was time to say goodbye to my family as Erin and I got back on the road. We decided to drive through northern Arizona to Moab before heading back to Denver. On our way we crossed through Navajo territory to see fossilized dinosaur prints and Monument Valley. It was all beautiful territory and I wish we would have had more time to spend there. However, our timing did allow us to get some gorgeous photos of the sunset. Everything, it seemed, was going great.
Then in Utah, as the night turned dark and desolate, just outside of Blanding we hit a deer laying in the road. The oncoming cars tried to warn us by flashing their brights, but by the time we saw the deer it was too late to swerve. So I gritted my teeth and drove over it. The worst part was the that its head was facing us and the eyes were shining in our headlights (even though we confirmed at the gas station a little down the road that it had been dead for a few hours). Fortunately it didn't do too much damage to the car, but it was tragic to view and left a horrendous smell.
The first order of business next morning in Moab was to wash the car. While that helped we still needed an air freshener to control the smell. Fortunately we had the glorious views of Arches National Park to distract us. The ice was too slippery and our time too short for us to experience much of the park, but it was nice to see it and plan a return trip.
Finally, after another long day of driving we made it back to Denver in time to have dinner with Erin's parents. We finally returned home exhausted, but content in a wonderful trip.
Tuesday, December 30, 2008
Christmas Vacation - Part 1
This last week has been a wonderful blur of Southwest American countryside, family, and great food. Erin and I left Colorado a week ago Sunday on a windy drive down to Santa Fe. It was so windy that we were stopped by a large tow truck blocking I-25 as it worked to overturn a semi which had been flipped over by the wind.
As we got into Santa Fe the snow was gently falling and provided an incredibly romantic backdrop for an evening in a private jacuzzi at Ten Thousand Waves, a traditional Japanese spa. We finished the evening with dinner at "The Shed," a local favorite with great fish tacos and grilled shrimp.
The next morning the romantic snow from the night before became a foot-and-a-half obstacle to continuing our trip. With some help from the hotel personnel we were able to make it to Tocate, another local favorite, for breakfast and finally onto the highway down to Albuquerque. While there was snow along the road as we drove there was none by the time we reached Albuquerque.
Our main reason for stopping at Albuquerque was the rattlesnake museum. While Erin normally shrieks at the sight of a snake when we walk outside she was thrilled to see all the snakes in the museum. We both got "certificates of bravery" for our successful completion of the museum tour.
Our next stop was the New Mexico Mining Museum in Grants, NM. While we were expecting an old, run-down, rustic mine we were greeted with a professional, high-tech view of modern mining. After a short elevator ride down to the mine we were free to walk around and listen to pre-recorded miners talk about the different equipment and practices in the mine. It was a nice respite from the blizzard-like driving conditions we encountered going over the continental divide.
After a long day we finally made it to my aunt and uncle's place in Prescott, AZ. We spent the next couple of days relaxing with my family with the traditional gift-giving and turkey dinner. Ice in the driveway and surrounding streets left little for us to do the day after Christmas other than a short walk around Willow lake at Prescott.
In the next post I'll write about the second part of our trip and the return home.
Monday, December 8, 2008
Winter Park Surprise
The first surprise on Friday was a fresh-baked apple pie, my favorite. After a warm slice in the afternoon we were on the road up to the mountains. Fortunately it had finished snowing on Thursday so the roads were clear. Just as it was getting dark, we found the bed and breakfast that Erin had reserved for the weekend, the Chateau at Winter Park.
There was something about the place that seemed a little creepy to us, but we had already made the reservations. While the owners were very friendly and helpful we had a horrible time getting to sleep with all sorts of noises (a train ran through behind the house), heating issues, and one of the most uncomfortable beds we had slept on. We were thus feeling a little unprepared for the large, slightly-overcooked breakfast the next day. We've concluded that bed and breakfasts just aren't for us.
Still, the days activities more than made up for the difficult night as we made our way to the tubing hill. I had never been on an inner-tube on the snow and thought it a bit childish; reminding me of taking a saucer out to the snow when I was a kid. After the first slide down I was hooked. It was a lot of fun, and there was a tow rope that hooked to the tube to haul us back up the hill. On our bellies or our backs, together or separate, it certainly got our blood pumping and ready for our next event. I had been wanting to go snowmobiling since last winter, and Erin finally made it happen for us this weekend. We got a guided tour up to the Continental Divide in a group of about seven snowmobiles. While I drove and Erin hung on for dear life for most of the ride she got a chance at the top to take it for a spin herself. There seemed at times a bit of a disconnect between the serene, snow-covered trees and our roaring, two-stroke snowmobiles. But the ride through the hills and narrow, tree-lined trails (often up to 30mph) was very exhilarating. I can't wait to go out again.
After so much excitement it was time to relax. We had some margaritas in Winter Park and then drove out to Hot Sulphur Springs (the actual name of the town) to soak in some hot pools. The springs were a nice way to relax as we sat and soaked up the minerals under a clearing sky and shining moon. After a brief stop in "The Pub" in Winter Park (apparently where all the locals go on Saturday night) for dinner we went on back to brave another night at the B&B.
While we had tried some strategies for sleep we were again unsuccessful and were happy to leave the B&B the next morning with a light breakfast on our way out the door. Still, with a stop at Starbucks on our way back we were up for a hike in Red Rocks as the weather turned warm. After a nice long nap we finished the weekend by picking out a small Christmas tree and decorating it. So ended a wonderful weekend with my exceptional girlfriend. I can hardly wait until Christmas when we take a week-long road trip down to Prescott, AZ to explore and celebrate.
Monday, December 1, 2008
30th Birthday Pub Crawl
We started our adventure at Dave & Buster's on Colorado at 4pm. This gave us a chance to play some games and have some snacks while everybody gathered. After about two hours we moved on to our next stop, Hanson's on the corner of Louisiana and Pearl. Upstairs they have a smaller bar which we had all to ourselves. As more people arrived the night started to get into gear.
Our next stop was for dinner at the Blue Bonnet a short walk from the Alameda stop. They have some great Tex-Mex food and margaritas. I was also glad that they were able to accommodate our group of eight people even though we arrived an hour after the time for which I'd made our reservations. The only downside was that they had a policy against splitting up the check so we each had to mark on a copy of the check what we had ordered and hope the waitress added it up correctly. The difficulties were soon forgotten though as we were back on the light rail to our next stop.
Just outside the stop at 10th and Osage is a Denver landmark called The Buckhorn Exchange. It is the oldest restaurant in Denver and feels like your stepping back in time. As a pair of mustachioed gentleman played cowboy songs and sing-alongs in the upstairs bar the eyes of countless mounted animals looked on. By itself the place would have been an experience, but we had more places to get to so we went back to catch the next train.
While I had initially planned on catching a train to Union Station and walking to Fado, an irish pub, we grabbed a train heading to 16th street instead. Getting off, we took a long walk down 16th street to the Red Square, our favorite vodka bar. The Red Square specializes in vodka infused with different flavors including pepper, pickle, and my favorite, pineapple. After a round there someone mentioned Nallin's just a short walk away. We walked in and almost immediately walked out again as it was more of a country bar than an Irish pub (at least based on the music).
After several more blocks of walking we finally made it to Fado for Irish coffees. One could tell that the nights activities were getting to us when a breakdown in communication brought us about twice as many Irish coffees as we wanted. Still, they were delicious and I, being the birthday boy, had no qualms about drinking extras.
The rest of the night is a little hazy for me. Our friend Neil recently got a condo in the glass house not far from Fado, so we made our way over there. I think some of us were actually doing some crawling by this time. Up in Neil's condo, overlooking the city, we had our last drinks of the night. Around 2am someone called a cab and Erin and I made it home safely. She tells me that I stayed up chatting with her for another two hours though I can't remember any of it.
The next day we woke up late and spent the rest of the day recovering. It was quite a wild experience and I think everyone had a great time, especially me. However, I don't think we'll be doing anything like that anytime soon. I'm incredibly thankful for everyone that came out and that all made it through the night safely.
Thanksgiving in Buena Vista
The next day we woke to beautiful views of the surrounding collegiate mountains. Though Erin and I hadn't slept well due to the heating in our room not working we were ready to get the day started. After some geocaching, we drove over to Erin's brother-in-law's (Kevin) family's lodge nearby. There we were greeted by the Butler family as we struggled to remember everyone's name. The rest of the day was a mix of great food, wonderful conversations, walks in the country to see bighorn sheep, all types of games, and even a guitar recital that me and Kevin's dad put on. It was all very fun though sometimes a bit overwhelming with all the people.
On Friday morning we had a chance to do a little more geocaching and hiking with some of the younger members of the Butler family. It was fun watching them get excited about finding the little treasures. That night, back in Denver, we went to watch "Four Christmases" with our friends, Brian and Cassie, who had just gotten back from Mexico. It was a very funny movie that I would definitely recommend.
Saturday, November 22, 2008
End of Fall Quarter and One Year Anniversary
With the finishing of these papers and a presentation in my other class with my team on Wednesday I have to say it wasn't exactly the way I wished to celebrate my birthday. It just happens that my birthday often occurs during finals. It was the same last year. Fortunately, after our presentation my team and some more friends came out to enjoy some tequila to celebrate. While I wasn't feeling my age that night, I certainly felt it the next day.
The fun continued Friday night as Erin and I celebrated a year of being together. I had in mind a surprise for her. As soon as she got up to my place we went out to our first dance lesson. We had talked about learning to dance earlier and I found a studio nearby with a good introductory rate. The lesson was a very interesting experience as we learned the basic steps of the Tango, Salsa, and Rumba. It was very fun as the two of us worked with our very out-going instructor privately for about 40 minutes. We have a group lesson the week after Thanksgiving to continue our instruction.
After dancing we went to Nono's Cafe towards Littleton where we had our first post-speed-dating date. The food has always been good there and the staff of this mom-and-pop place are really friendly. It was nice to come back and reminisce about how we met and how our first dates went.
The rest of this weekend has been a relaxing, sleeping-in, kind of lazy weekend that Erin and I tend to enjoy. Soon enough there will be holidays to go to and then classes to study for, so its nice to lay back and enjoy this time while we have it.
Evolution of Capitalism
The Flexibility of Capitalism
Often, those time lines must be greatly altered as a country faces a crisis and is forced to deal with the current situation. Each country will face crisis differently and develop different forms of economy in response. As Gourevitch writes, “Economic crisis leads to policy debate and political controversy; out of conflict, policies emerge.”iv When the economy is sailing along and people are relatively happy there is little motivation to alter public policy. With crisis comes the need to examine what has gone wrong and how to avoid similar problems in the future. It is also an opportunity for market segments that feel ill-represented by the current norm to angle for a better compromise and a normative framework that better represents their interests. For any crisis there are a variety of options available to governments for dealing with it. For one to be implemented above another requires political backing and the power that comes with it. As each country has its own array of political segments, each with varying amount of power, they will come to different resolutions for how to handle a crisis. In addition, the policy choices that a country makes in the past has ramifications for the options available to it in the future. If demand management or protectionism worked well for the country in the past there will be a strong urge to use those procedures in future crises.
Sunday, November 16, 2008
Thinking about thinking
Can everyone be an Einstein?
A Gift or Hard Graft?
Are Our Brains Becoming "Googlized?"
Interesting reading if you have time.
Monday, November 10, 2008
Last ride of the season...and cookies!
Friday night was a relaxing movie night with Erin down in Castle Rock while Saturday was an exciting night out in Denver with my Army friends, Brian, Neil, and Jon. While the night before made it difficult to get up the next day, I was back in action after noon to take the motorcycle out for one last ride before storing it away for the winter. After a very cold ride up to Morrison for lunch with Erin we stored the cycle away hopefully ready for action next Spring.
Back home Erin and I found ourselves cooking chocolate chip cookies from a recipe she had gotten from one of her students. The first batch didn't turn out all that great, but by the last sheet went into the oven I think we had it down (and subsequently lost our appetite for cookie dough and cookies).
This week is the last week of the Fall quarter for me so I've got papers to read, papers to write, and a presentation to prepare for finals next week. I'm also continuing to develop my web development business by learning about AdSense and how to use it effectively in a site.
Wednesday, November 5, 2008
Dynamic Software Download
- Collect information from the clients that used and downloaded the company's software. This information would be stored to segment customers for future marketing and store their email address for segment-specific newsletters.
- Provide a dynamic system to ensure that customers we're downloading the latest software without the developers needing to change the web page every time they created a new version.
- Show and provide for download only the software versions that were specific to the user's selected system.
- Bundle numerous software packages together for ease of downloading.
Once the user had logged in they're able to choose their operating system, select which software packages they wish to download. Choose the type of compression utility to bundle up the software and download it. They can also choose at this time to sign up for newsletters that are specific to their operating system.
There's a lot of behind-the-scenes action going on in this application with a database keeping track of the software naming scheme and a mix of PHP and Javascript to show everything in a clean fashion. I really enjoyed putting this program together and look forward to doing something similar in the future.
Monday, November 3, 2008
Halloween...in Hell!
That meant I was on my own for much of Saturday when I took my bicycle out for a ride around Cherry Creek Reservoir. The weather out here has been so nice that it's difficult not to take advantage of it. That night Erin and I got dressed up again and made our way over to a house party. We got to meet some really nice people along with friends of Erin's and mine.
Sunday was a relaxing day with a long walk in the nice weather and a concert at Swallowhill Hall. This is a music group that gets together to play mostly folk music. It turned out to be a fun evening.
Now it's back to working, looking for more programming work, and studying. Another two and a half weeks and the quarter will be over. It goes by so fast.
Friday, October 31, 2008
Pet Superfood Store
As a fan of pets and organic food, I was excited to develop a store for Organic Pet Superfood (www.petsuperfood.com). What's more, working with small and start-up businesses has always been rewarding for me as they bring the most excitement and enthusiasm to a project.
I'm also a big fan of open-source software. It provides a level of customization and independence that you don't normally find in propietary software. This project was the first opportunity that I had to use one of the newest open-source eCommerce software packages out there called Magento.
Although the learning curve for getting the store to have the same look and layout as the rest of the site was somewhat steep, setting up and using the store administration was very easy and intuitive. I'm looking forward to making more stores using this engine.
Factory Wings
This project was a collaboration with a design company that the client was using to design their new store look. The designers didn't have much experience with ProStores and the way it used templates and store-specific tags. That's where I came in.
The designers and I started by discussing what was possible on each side and how far we could push the technology. They then produced three compositions for the client. Once they had decided on the comp they liked best I began translating the Photoshop images into XHTML and ProStores code.
This has proved to be a good strategy of specialization as there are designers who have far more experience in creating visually effective designs than me while I'm able to leverage my years of experience in programming and eCommerce to guide the client. While there was some delay on the design side the client was very happy with the whole experience.
Harbour House Crabs
After having done several ProStores eCommerce projects a client asked to have their old store upgraded so that it could be hosted on newer servers and gain the benefits of the latest software edition. The problem was that when their former developers had tried to upgrade it in the past the store broke. I was called in to find the best way to move the store into the new version.
After finding the code that was causing the store to fail when upgraded I set out a plan to fix that code, upgrade the store, and move it onto the newer server. After the client agreed to the estimate, I delegated the project tasks to my small team of very-capable developers and we got started.
While the project lasted a little longer and incurred an additional cost than estimated due to some features that the client requested to be included we finished well before the busy holiday period for a satisified client.
Thursday, October 30, 2008
Neuroevolution
For the past few years I've been struck by the desire to create a program that can learn. A few years back my interest was sparked when I realized that learning is just another word for adaptation and that if the forces of evolution can work on adaptations the same should be true for learning.
To that effect I've been creating a program in Java that creates a variety of genes which describe the structure and attributes of neural networks. The program goes on to test those neural networks against a problem and breeds new genes based on the most successful neural networks. After many generations of this the neural networks become closer and closer to solving the problem. This is known as neuroevolution.
I set up a blog a while back to discuss my progress on the program at Neurovolve.com.
Current Studies
I'm currently in my seconde year of studying at Daniels for my International Masters in Business Administration. I've gotten to meet a lot of great people and feel that I've learned and grown quite a bit during my time here. All the same, I'm looking forward to graduating in June 2009.
While I've been involved with the Association for International Management (AIM) since arriving at Daniels, this year I took the increased responsibility of becoming president for this student group. While it has been stressful at times it has also been a very rewarding experience. What I love most is being able to connect people with others that can help and guide them.
Wednesday, October 29, 2008
Development Services
I've developed web solutions and provided technical support for clients for several years. I've worked with partners and clients all over the US and as far away as India and Taiwan. The projects have given me the opportunity to learn a large assortment of skills (both technical and business-related) and provide a wide range of services to organizations. My passion is using technology to help groups become more organized, coordinate their activities, and streamline operations. I've done this in the most open, honest, and professional manner possible.
For me this means:
- Responding to emails in a timely manner
- Being available for communication at agreed-upon times
- Working within defined budget constraints of a project
- Explaining how changes in a project can increase or decrease the costs before performing them
- Completing projects by their deadlines or communicating well-beforehand if a project deadline needs to be pushed back and why
- Working with clients to provide the best solution to meet their needs
The following is a list of applications and languages that I am highly skilled at:
- PHP Programming w/ MySQL Database Design and Interaction
- HTML/CSS/JavaScript Web Page Development on Apache Web Servers
- Drupal CMS
- Linux System Administration
- Java Programming (especially SWT and JFace)
Additionally I am familiar with a wide variety of software applications that a project might require.
- E-Commerce
- Website Development
- Content Management System (CMS) Setup
- Web Applications
- Desktop Applications
- Search Engine Optimization (SEO)
- Website Analytics
Partners
Redmann Mahoney, LLC (RM) offers public relations and marketing services to environmentally friendly businesses of all sizes.
Interactive media with a kick. Fire it up.
Change
The reason for this was my decision last Friday to quit my internship that I had been going to for the past three months. When I had first started I was excited to see how a large company worked and was impressed by the facilities. However, I've come to realize that I prefer a smaller organization and even more prefer working for myself.
This site is then an opportunity to display the work that I've done in the past in an effort to promote my services both here in Denver and online. Recently I've partnered with a local environment-friendly consulting company called RedmannMahoney. I provide their clients with web development, eCommerce setup, domain management, and even international marketing advice. I hope to expand this business in the coming months.
For the time being though I was excited to be leaving the cubicle world on Friday for a more flexible work schedule. That night, Erin and I went to a Pioneer's hockey game with our friends Brian and Casey. We've come to the conclusion that we really enjoy hockey and even enjoy college hockey over NHL. There's just so much going on and the players are always so into the game.
On Sunday we continued the Autumn fun with a pumpkin carving party. Erin and I learned that we both like to carve pumpkins, so we wanted to try something creatively ambitious. With the election coming up we decided to carve Barack Obama's face into the side of the pumpkin. Erin found a design online and two painstaking hours later we had our Barack-O-Lantern. I like to think it was worth it.
Anyways, yesterday and today found me back to work on a mid-term for my International Political Economy class.
Next up for this week: A reporter for the school eDigest wants to write a student profile about me. I'm helping organize a Q&A about international business in the field of sports management with a member of the US Olympic Committee. Erin and I are celebrating Halloween!
International Political Economy Mid-Term
Liberalism
With the current credit crisis that is sweeping our country and the world, the current global economy can seem to be an incomprehensibly complex system. However, by looking at the theoretical and ideological underpinnings of this system we can start to understand it, and the current crisis, much better. While it can be shown that much of our understanding of political economy today is dominated by Liberalism, that was not always the case. A look at how this theoretical understanding came to dominance will further help illuminate our current situation. Finally we'll see that while there are a variety of views on liberalism, those that embed liberalism within the oversight of government and it's surrounding society provide more convincing solutions for crises like the one we're currently facing.
One thing that the current credit crisis has done is exposed the ideological and theoretical underpinnings of the current global economic system. Recently the former Federal Reserve Chairman, Alan Greenspan, admitted to Congress that his ideology had pushed him to make flawed decisions. This is the ideology of Liberalism; of free markets, free trade, and spontaneous order of Adam Smith's pioneering works. It is an ideology based on the idea that less government is better and that markets, when left to their own, will create an efficient coordination of economic activities. Milton Friedman is one of the latter proponents of this ideology as he often described economic freedom as “an indispensable means toward the achievement of political freedom.”2 Alan Greenspan followed this ideology by letting the derivatives market remain remarkably unregulated and with little oversight from the government. It was under this same ideology that the sub-prime mortgage market was allowed to flourish without protection from malicious lenders or suspect mortgage bundling practices. The ideology of Liberalism maintains that a lack of government regulation was necessary to maintain an efficient market and sufficient to self-correct any irrational activity.
What makes this ideology so compelling is the theoretical structure on which it is based. This theory dictates the relentless use of the assumptions of “maximizing behavior, market equilibrium, and stable preferences”.3 These assumptions provide us with theorems which explain that a rise in prices will cause a decrease in demand and an increase in supply until an equilibrium is reached. In fact, this science of economics has been able to build a remarkably elegant and detailed theoretical framework based on these assumptions and theorems. Such is the appeal of the theories behind liberalism that “the degree of consensus on many issues among economists ... is little short of amazing.”4
These ideological and theoretical underpinnings of liberalism as the current economic model of choice are so strong in fact, that they are largely taken for granted. Even as Greenspan talked to many lawmakers about the current crisis, many Republicans tried to blame the mortgage meltdown on the unchecked growth of Fannie Mae and Freddie Mac and their government backing.1 For these lawmakers, the problem isn't too little government regulation, but too much government involvement in the market. This can be explained by the power of capital which has been theorized to create a historical bloc that is politically organized around a set of hegemonic ides that reinforce the basic tenets of capitalism.6 This means that these lawmakers are part of a government that is supported by a well-functioning market. The more efficient and productive this market is, the better support it can provide the government. This shows the symbiotic relationship between the state and the market as each has developed over time. Thus for some it becomes difficult to even think of questioning the current capitalist economy without questioning the government.
Looking at how this symbiosis between government and the dominance of liberalism has developed over time will help explain the actions that governments are now taking to address the current economic crisis. While Liberalism was most notably expounded in 1776 by Adam Smith it has since then faced challenges by several competing theories including Marxism and Realism. However, the theories of liberalism and the capitalist system they generated have proved to be very adaptive in the face of challenges. During the Industrial Revolution in England the ideals of liberalism were taken to their extremes leaving laborers incredibly downtrodden and miserable. But rather than rise up and overthrow the system as Marx predicted, the system adapted to become more accommodating to them with health and safety regulations. During the Great Depression of the 1930's in the United States the system again faced a crisis. Again liberalism adapted to provide relief for laborers in the form of the New Deal.
This adaptation in the face of social concerns took on an international aspect after World War II as America emerged the victor. It was at this time that agreements between Britain and the United States set the “terms for the reestablishment of an open world economy.”7 It was at this time that America was able impose the same form of liberalism that it had come to after the New Deal onto the global economy. The growth of capitalism based on the theories of liberalism were then only fettered by the emergence of communism in the USSR and related countries. When the Soviet Union fell it was further proof for many of the theories of free markets and free trade. Of course, by that time capitalism had shown itself to be able to adapt to a variety of countries and regions as Germany and Japan, for example, showed increasing growth.
In this historical context, it can be seen that the dominance of liberalism in our understanding of global economy has largely resulted because of the dominance of the states which have supported its existence and propagation. As these states became more powerful, either through culture, resources, geography, or policy, they work to instill their economic ideology and policy in states that come under their sphere of influence. This can be seen in the global economy with the concept of policy credibility which is “central to the broader task of elevating the market as the principal means of directing economic affairs.”8 This idea of policy credibility, which seeks to separate the state from the management of its money supply, though is not empirically supported. However, because it is the norm for the current dominant countries, it is pushed on to emerging economies as the solution for a better economy and state.
With the adaptability of liberalism and it's close relationship with the society and state with which it exists there is a strong argument that liberalism should be embedded within the social structure. Giving the market free reign can lead to an economic correction that is both painful and often sudden. We have seen that in the last few weeks in our current crisis. The understanding of the dangers of a purely capitalist society have been with us before, even recently, as George Soros has written, “the spread of market values into all areas of life is endangering our open and democratic society.”9 When a society is given a clear and understandable choice, they will always choose a stable and fair economic system. Equally offensive is the other side of the spectrum where the economy is completely subsumed by the state. Such systems, like those in the Soviet Union, cannot be as efficient as market-driven economies and will eventually fail or change.
That answer is embedded liberalism where liberalism is tempered by the society in which it develops. Since different countries and regions have different societies and different politics this is going to look different from country to country. While some may bemoan the inefficiency of so many different versions the overall effect is good. For even in our current global crisis there are several countries that will only be slightly affected. China, Brazil, and the UAE are just a few examples of countries that will continue to grow despite the current credit problems.10
What's more, even in the US, the amount that liberalism is embedded will change over time. As cultures and states become more or less risk-averse, their economies are likely to become less or more embedded, respectively. That is, now that we have experienced such a large shock to our system America will likely remain more risk-averse for a while. This will mean more government oversight and regulation to insure that any market corrections are small and manageable. A look at history though shows America to be a culture of risk-takers meaning that the pendulum will not likely remain on the deeply-embedded side for long.
While the current credit crisis in the United States is an immensely troubling concern, it has laid bare the the ideological and theoretical principles that have supported the current thinking on the global economy. This is giving economists, policy makers, and the public an unprecedented opportunity to recognize these underpinnings and question their usefulness. It will likely show that the current dominance of Liberalism on our theoretical understanding of the system is the result of historical events that favored America. It will also likely lead to a movement towards more of an embedded liberalism in which government and society have more oversight into the actions of the market. Thus even though the current crisis is troubling, we can look back at the amazing versatility and adaptability of liberalism in our past and be confident that it will continue to be a solid theoretical and ideological framework for understanding our future.
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1. Andrews, Edmund L., “Greenspan Concedes Error on Regulation”, The New York Times, October 23, 2008, http://www.nytimes.com/2008/10/24/business/economy/24panel.html?ex=1240459200&en=3fafc8aefc36a9b7&ei=5087&excamp=GGBUgreenspantestimony&WT.srch=1&WT.mc_ev=click&WT.mc_id=BI-S-E-GG-NA-S-greenspan_testimony
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4. Blinder, Alan S.
Blinder, Alan S. Hard Heads, Soft Hearts,
(New York: Addison-Wesley Publishing Company, Inc., 1987), �Murphy's
Law of Economic Policy,� p. 2.-->
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7. Ikenberry, John G., International Organization, (The MIT Press, Winter, 1992) “A World Economy Restored: Expert Consensus and the Anglo-American Postwar Settlement,” p. 289
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Saturday, October 11, 2008
Ice and Fire
As part of being president for the Association for International Management (AIM) at Daniels I'm working on our Buddy Program this year. It's a program where we group incoming international students with local and second-year students to help them adjust to life here. Past participants have commented how helpful the program has been. So on Friday morning we kicked-off the program with a breakfast where the new international students got to meet their local "buddies." The breakfast went well with participants quickly becoming comfortable and talking amongst themselves; making plans for their groups to get together.
After a slow day at work I was happy to get together with Erin at the Rio in Lone Tree for some nachos and margaritas. It's starting to seem like we're addicted to Mexican food and margaritas in particular. We then did something that we had been talking about doing since Outlaw Day a few weeks back, smoke cigars. So after dinner we went next door to The Robusto Room which is a joined cigar bar and alcohol bar (only place I know in CO to smoke and drink inside). The small cigars we got were good and mild, but they left both of us a little light-headed. We finished the evening watching "Burn After Reading" at the movie theater across from the bar. It was really funny and eclectic with some darkly comedic moments.
With the weather turning mostly cold and wet these past two days, we've spent the rest of the weekend mostly inside. One of my business partner's (and Erin's friend) Cameron and I have finished up the latest eCommerce site we've been working on. It's an organic pet food store which you can see here: Organic Pet Superfood. It was certainly more enjoyable putting together than my 9-5 job with much more flexible hours. I hope we're able to do more work like this in the future. I guess we'll see this week.