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  • Permalink for 'Giffen Goods and Prison Break yaay!!!!!' Giffen Goods and Prison Break yaay!!!!!
    Posted: September 17th, 2007, 5:50pm EDT



    There are things guaranteed to effortlessly give me a nervous breakdown. One of them is the inability to find information when I need it.

    I traveled over the weekend……for peace, rest and relaxation, sand, sex, massage, cocktails and lots of laughter at my secret place which as you guessed, I’m not telling. **sighs** And I’m going back again in a month…its soooo addictive!!!…..I tried snorkeling again, this is the nth time, and even with someone holding my hand, I still hyperventilate at how ewwwww underwater is. Me I like pools, with cement floors. And I have these visions of jaws and green thingumajigs taking over my body, or those multicolored fish , mutants with arms and stuuuufffff, YUCK, will, erm, start speaking to me like “go tell my cousin Martin I forgive him”. Aiii, now who will spend the rest of her life looking for a Martin? “Martin unajua ule samaki anaishi huko kwa maji?” Alaaa!

    Well, I brought a book to read. …Ideally, I should have brought something fun, then again who is to say what fun is, to read, but, I, KM, brought an Economics book. Why I am reading an economics book? I don’t know why. I get these flashes of "I'm not sure if I can call it brilliance, but its most definitely an inquenchable thirst for general knowledge" where I feel I have no clue about a topic, or something will piqué my interest and I’ll pick up a book just to ‘know’.
    Plus, I’ll be lying….me, I love reading. The economics book, is not punishment.
    Like you know how sometimes you will see a documentary about rock formations and you really want to read about rocks and rivers and yes, despite the fact that you dropped Geography in 2nd form, primarily because you did not have notes on Rivers, only like 2 * 120page books of notes……you find a book on rocks formations and rivers and read it till you drop.
    Or you have a discussion on religion and you want to read more about it, or art, or music, or a certain animal, or my personal favorite….medicine. I read about illnesses, symptoms, how to treat them…..I really really wish I was a pediatrician. I love that. I love reading about random stuff like that. Its such fun!

    ***shivers with excitement** Are you with me? Are you feeling me? Don’t you ever get that feeling like, you are running out of time and you haven’t read all the books in the universe?
    Oh, and I got this huge asss book on law cases. Its soooo interesting. I had a uhhhhh, a Legal aspects of "insert profession" classes, and the cases were fiun, so I got this book with stories and stories of law precedents.....Oh, Bliss. We all know "Wambui Otieno vs Umira Kager clan", Balfour Vs Balfour", "Carlill Vs Carbolic smoke ball company" but good lord, this is like the real ish, "Eccles Vs Bryant" Non- es -factum, caveat emptor, Res sua...coool! dude man! I shoulda been a lawyer!

    So, we are chilling right, I’m reading my big ass Econ book full of knowledge, which will all go to my head, double cool, then boom, right there, in my face is the word….wait for it “Giffen good”. Shoooot! 2 things crossed my mind “Dear lord, I will cry because I can’t quite remember what this word is!!”. Who the hell just throws in the word ‘giffen’ in there without a glossary, a footnote, an explanation, anything…nothing!!!!Daaamn!!

    I have a photographic memory. I remember my first economics text book. I remember how the first pages looked like, I remember my Economics Lecturer writing “the snob effect” on the board, before Kevin, (Kevin where are you? stand up and say hi to the people please…..) the guy in the second row shot me a glance a la “the KM effect”, which is totally not fair because, I’m a not a lot of things, but …okay, wth, lets move on……. To the lecturer... his handwriting, I remember words like “veblen” and giffen” were in italics….and I remember damn well what Veblen goods were because at that time a ‘mercedes’ according to my lecturer was a veblen good. Well, each to their own. I also remember “ostentatious goods” was another word for veblen goods.
    I loved economics then…..only for the next 10 pages until everything shot to shit, and the pleasure of demand and supply was replaced by crazy ass looking graphs and functions….ughhhhh! One minute I was happy, at opportunity cost (that was on page 2 of the book) dd curves, ss curves, elasticity, equilibrium,and right after we got into utility, Marginal Propensities..to save, to consume.
    Then there came, too much for my fun-loving brain..... something called IS/LM Models……Hell! I switched off. I was down for all that exciting stuff, and you have to agree, basic Economics is a lot of fun!!! Soon after, I was not attending classes, I was selling juice and going clubbing, and all I knew is Macroecon sucks ass! Infalation…the leading culprit in suckage….**shivers**.

    Unfortunately, and my heart was breaking at this, I could not remember what the hell a giffen good was. What made it a giffen good…… I know, bread was a giffen good, but there was something I was looking for , an explanation that I could not remember and I was dying inside.

    So I started panicking, needing a dictionary, needing to google it, Oh god I was in hell. So I ask the chap…..”how do you define a giffen good?” He looked at me, said he does not know, he is not an economist... Oh god I'm marrying an idiot!
    And tricked me into digressing into something else with him, again, after saying “how come you get to study and I’m not allowed to?” Well maybe you should study Mr. dunno what a giffen good is!!!
    I am not studying, I’m reading a book!

    The general agreement with the chap is that no one should bring lap tops, gadgets etc to the R&R because, its 2 days, for two days, the world can wait, and I hate it when sometimes in the middle of a break he will wait until I’m asleep then start working!!! While me I want him to stay in bed we cuddle, catch strokes and he beats me storos and we order room service, and I jump jump on the bed, and then we shag, we sleep, we go walk, have masssages, we go eat, maaannn!!! Usually, he drugs me (makes me drink too much) pretends to listen as I prattle on, I sleep, he starts working. So, no gadgets. I could therefore not google it!!! Later, I tried going online on phone…no luck.

    I called asking for a dictionary…..mwehheh “A what Miss KM?” “An English Dictionary”. Why don’t they keep dictionaries with the towels, which I did not have the strength to steal this time. I have too many towels now. Nice huuge, soft spanking cuddly white and maroon ones, some with bold logos.
    Them and their little babies. I steal them in sets, 2 big ones and two hand towels. Mwehehhee, you'd think I feel any remorse......Instead, I’m thinking of starting to steal other things now…..like the feather pillows…..***luuuusshhhh*** What the heck, kick kleptomaniacy up a notch. Maybe, and I'm just mulling this over, not decideed yet.....Maybe. I'll see about the logistics. Yaani its soo bad, and the chap is in on it, cos when we are leaving he goes "are you taking the towels?" Then I'll go like, "ah, no, these ones are not new".

    Shoot! Thats how Matheri et friends converse, seriously, like the other day I got this weird caller going "leta zile bunduki kawangware twende job" (Brings the guns!!) I promise to you, he said that!!!
    Sheesh, who even uses the word 'Bunduki' now? Shouldn't thugs have like a cool cryptic word like "Mtoo' or "cargo" for that?! Its like saying Vagina.....Punani, hello?! Vagina is soooo.. "body organ" not source of pleasure!
    I was so spooked! especially, because they (the thugs) will trace me so I dont sell 'em out, or when it shoots to shit, Safaricom might trace the call to me, and then I was worried that someone was going to maybe be robbed!! yikes!

    So, me, and my “O god what is a giffen good now?!”I was traumatized! I went clubbing later, and I was still, get that, thinking about it. Daaammmmnnnn, giffen good!!!
    So, I got home last evening, and went straight to google. Ohhhh the wealth of information there is. …..So, finally;

    “Definition: A Giffen Good is a good that experiences increased demand for when the price rises and decreased demand for when the price falls”.

    I mean, duuude, I was here and I was clicking and clicking on those links and reading about all that random stuff. It fels sooo damn good! And the thing I was trying to remember, how bread is a Giffen good, because it violates the basic laws of demand and supply……As Mr. Giffen has pointed out, a rise in the price of bread makes so large a drain on the resources of the poorer labouring families and raises so much the marginal utility of money to them, that they are forced to curtail their consumption of meat and the more expensive farinaceous foods: and, bread being still the cheapest food which they can get and will take, they consume more, and not less of it”

    ***breathes a sigh of relief*** Ah! There it is!Just like Mr ‘dunnowhatwashisnameheflunkedmeanyway said it.

    Theeen, si season 3 of prison break! I watched the preview last night...what the hell is with that SONA place? I don't think I'll keep up with such violence me.
    Dude, I hated Bellick but, woiyeeeeee. .