Hungary's international business daily

October 27, 2009, 16:19 CET

Soros to give $50 million to new economic think-tank in Hungary

Hungarian-born financier and philanthropist George Soros announced on Tuesday that he is to invest 50 million dollars over the next ten years in order to set up and operate a new economic think-tank in Hungary.

Addressing the Hungarian Academy of Sciences, Soros said the institution aimed to renew economic theory and function as a research and education centre.

The think-tank, the Institute of New Economic Thinking (INET), will be financed through the Soros-founded Central European University.

Soros said he would not personally get involved in research at INET, although his economic theory of "reflexivity" would be among the subjects studied there.

TAGS:   george soros

42 Comments

This old, discredited goat Soros has the bloody nerve to show his ugly face in Hungary, after all his previous nasty maddlings here? My-my, the times we are living...

what nasty meddling, what are you talking about?

The lectures he is giving are available on the FT website: http://www.ft.com/cms/668e074a-bf24-11de-a696-00144feab49a.html
Wish he'd shut up about reflexivity though!!! Doesn't even seem to understand Popper.
His theories seem to confuse behavioral economics with their models of rationality with those of endogenous/exogenous models of economic equilibrium.
Let's hope the research concentrates more on ideas of Fama or Thaler and on prospect theory or cognitive models of risk aversion etc.. (Kahneman and Tversky were a favourite for me in cognitive psychology lectures).
@Frankoferko and all the other names: Talking about OTP shares or something that is actually relevant. Successive governments here have refused to talk to him. Look at how well they have done in comparison.

@Frankenstein says " after all his previous nasty maddlings here? ". What? Here in Panama? You really have lost your touch with reality.

Vanloadofbollox. You have confused us all as per usual with your technical drivel about economic role models etc.
How about millions of Hungos working abroad, and millions more unable to make ends meet..viz-a-viz
keep up the payments on their homes, cars, and utility bills etc..???
Vando:Fuck the economic paradigms you quote in your efforts to impress, you academic arsehole.
Do something useful for once and find out what has happened to the billions of euros loaned to Hungary in recent years by the IMF/EU/USA.
Soros - philanthropist?? An insider-trader with a criminal record more like!
The last thing Hungary needs at the moment is for Soros to start meddling in the already murky waters of this corrupt country.
Creative accounting..hedge funds..bonds..etc etc
The swampland that stinks to high heaven.

@david: what is the connection of Mr. Soros to the Republuic of Panama, you dumb fuck?

@Frankoferko and all the other names (including QC): The article is about the setting up of a research institute on economic models, hence my response. These are all germane to the story, but as you state are beyond your comprehension.
Here, read up on prospect theory, that should start you in the right direction http://en.wikipedia.org/wiki/Prospect_theory

@QC, this is FrankFerko. Did you read Vándorló's last entry? He is actually accusing me of being you and you of being me!!!!!!


What a seriously fucked-up asshole this poor jerk must be. Well, with a name like "Vándorló," no surprises there, huh!?


QC, calling this lobotomized jerk an "academic arsehole" is paying him an undeserved compliment, IMO. In fact, this broken-down mine horse of a Vándorló is so stupid, he is accusing me of not understanding his laughable "economic theories."


When all I was pointing out to this incredibly confused asshole was that Mr. Soros' latest meddlings in Hungary have got nothing at all to do with Panama. As dumb fuck Vándorló had previously suggested in his entry.


Hey, QC, YOU handle him now, please. As I am going out to the loo for a few minutes for a Vándorló-related vomit-session.

there's alot of love here!!! but yes another crim
not worth arguing over

Right you are, haha! Soros is a crook, and Vándorló is an ass. 'Nuff said on them, too.

@Frankoferko: Apologies, I didn't check to see if
QC wasn't you since he is such a dick I just
presumed it was - wouldn't be the first time
you've had a conversation with yourself on these
forums.
@QC: Do you do anything else apart from whinge?
You do understand how capital works and that Soros
can do what he likes. He has also explicitly
stated repeatedly that he would not mess around
with the Hungarian economy given the state of the
people and its leadership.
More importantly, this is yet more jobs for a
research institute. As Soros's own theorising
shows there is a big difference between theory and
practice. He is able to have an amazing economic
record and started his process of 'passive
diversification' of currencies and stocks well in
advance of the crash. At the same time he spouts
nonsense about 'reflexivity', which cannot be
quantified or applied in any meaningful way. I
would just be glad of the jobs and the money
pumping into the economy indirectly.
What specifically are you objecting to QC? You
have admitted not understanding economics, so some
sociological process?

@Vándorló, apologies accepted. We are all dicks -- but let's face it, you take the cake in that department, friend.


Now, if I may suggest you to do the following. When you see the handle "FrankoFerko," contact that poster directly, instead of QC. Similarly, when you see the handle "QC," contact QC and not FrankoFerko.


Confusing, ain't it? BTW, I usualy do NOT have "conversations with myself." Why, is that what you call it when your right hand feverishly "talks" to your pee-pee as you sit on the toilet in your WC?


Vándorló, Mr,. Soros does nothing but "messes around" with various nations' economies and antional interests. That is what he does for a living since the late 1950s, friend. You should read one of the biographies written on him, perhaps?


"More jobs for yet another research institute" is one thing that Hungary definitely does NOT need. Just you wait how this will turn out -- just like his "university" out in Budafok. Another complete dud. What will Mr. Sortos start-up next for the ungrateful Hungos, I wonder. A Soros Ministry? Or "Department of Soros Affairs?"

Lastly, one does not have to understand economics or sociology or differentical calculus to call a spade a spade and a crook a crook. Mr. Soros is persona non-grata in at least two countries. He had been convicted of a serious crime in France. And he is liked in no country, including his adopted homeland, the United States. In fact, he is really a rather miserable bastard, come to think of it.

@frankoferfi:
Your last statement looks like it concerns yourself - it really fits you:
Quote: In fact, he is really a rather miserable bastard, come to think of it.

@wolfi, Heviz's illicit sex trade guru. You are so veddy observant, cutie-pie suckie-lickie boy.


"Quote: In fact, he is really a rather miserable bastard, come to think of it."


QUOTE BACK: "In fact, he is really a rather miserable bastard, come to think of it."


BTW, we were talking about Mr. George Soros, International Pariah, you dummy-suckie. Not about YOU, fool! Why, do you really thing RealDeal.hu and in fact the whole wide world revolves around kicsike szegeny wolfika!?


Tsk, tsk, wolfikam.... you are spending way to much time in the urine-filled "therapeutical" waters of overpriced Heviz. It must have poured in through your ears and flooded your brain, no doubt. What's left of it, anyhow.

Until now I have learnt from all of you that George Soros was an "old, discredited goat", that he was supposed to have a "criminal record", that he was a "crook", an "international pariah". But all of you seemed so angry that you started again to write those kind of things I see every day on the walls near Keleti railway station. Do you need a special site in ENglish for your compulsion? Why are all of you so angry?
Maybe there are other people who entered this site for the first time and simply want information and not necessarily your opinion, especially if they seem to be only varations on the four-letter word theme..
I am one of those people. I simply do not know who is this gentleman, George Soros. Is he the same as the one described in the article below? Please, accept my excuses, I was not able to find a source as respectable as Politics.hu...

http://www.timesonline.co.uk/tol/comment/columnists/anatole_kaletsky/article6892820.ece

I am sure, the text above is not so clearsighted, has not the brilliant political and economic vision shared by many of the contributors to this site. After you read this modest article published by an obscure British newspaper (again, the comparison with your site automatically comes to my mind), please enlighten me: who is this Soros? But try to give me certified facts, not opinions, and not indignations, even if you consider them just (oh, and you are so brilliant in your intelligent answers!).

@Bluebeard Man: before you sink to your knees and get ready to give fellatio to your esteemed idol, Mr. George Soros, learn a thing or two about him, man. Start with his unauthorized biography. Don't read the Soros Foundation's PR bio sketch on him, please.


Listen buddy, you want information, read the article above that we are all commenting about. And if you have nothing to contribnute by way of a blog entry, stop wasting our time by your bitching about what everyone else should write or say, okay? After all, none of us tell you what the fu*k you should write here, right?


Freedom of the press and right to free speech? Have you ever heard of these lofty concepts, Bluebeard?


And if you indeed do not even know who Mr. George Soros is, why don't you start by looking up on him in Wikipedia, man? Gee-sus....


http://en.wikipedia.org/wiki/George_Soros


There is a really loooooong entry on him here, as you can perhaps also see, with 55 references at the end. Get it, at long last, Bluebeard?

@kékszakállú: This is a shallow article and as I stated this gives too much credit to Soros for ideas which have been prevalent in behavioural economists for decades. That they are not part of the mainstream mathematical economic models is more than clear. 'Reflexivity' is plain nonsense, but the research centre is more than needed if it helps to highlight 'work by others such as Fama or Thaler and on prospect theory or cognitive models of risk aversion etc.. (Kahneman and Tversky were a favorite for me in cognitive psychology lectures)".

And I very much doubt we will be wanting to move away from mathematical models as the article suggests: "It is not surprising that the whole scaffolding of theorems, models and computer simulations came crashing down, along with the towers of bad debt and bad policy it supported."

You might want to look up Prospect Theory too, along with Confirmation Bias, Communal Reinforcement, Illusion of Knowledge, Disposition Effect, Overreaction and Underreaction...

I would guess the author of the article (Anatole Kaletsky) and yourself know nothing of the psychological modeling of decision making and hence think Soros's research is something new. This is not new, it simply is not the prevalent paradigm.

Maybe with the new reseach institute it will be.

@kékszakállú: You do not have to read Frankofaszo (or whatever he calls himself now), he seems to hate everybody here, especially the foreigner living in Hungary - but nhe seems to hate himself the most...

There is some useful information in these forums, just try to ignore all the racist Jobbik and other fascist statements and follow the links given by the sane people here like vandorlo, viking, olga and bacsi...

@Vándorló, I do believe you lost our highly esteemed Mr. Bluebeard somewhere halfway through your very first sentence. Remember, he is just now learning from Wiki who this most mysterious creature, Mr. George Soros really is. Yip, yip, hurrah!


@wolfi, your best buddy Bluebeard is still reading up on who Comrade Soros is, get it? BTW, are you now instructing other bloggers here as to whose blog entries they should or should not read? Man, you really are a meddling ass*hole, you know that, swamp creature buddy? Since you claim that you love Germany so much, move on back to Buchenwald, friend, and leave us the heck alone. The Buchenwald lifestyle will suit you much better than the urine-heavy waters of Heviz, trust me on that, you old pensioner old fool.

Frankoferko. If indeed you are a blogger then go away and write your blog.A blog is written by an individual and not by many people that are simply writing on a comment board about news stories.Maybe it is you that should look up Wikipedia to get a better understanding of where you are. At the moment you are very confused about what is going down.This is not a blog. Also, no self respecting blogger would use an alias, never mind a truck load of them.Blogger? Rotflmao

@Anal Forum Man, whatever you had just said has defintiely got nothing to do with Mr. George Soros or his latest useless "institute" in Hungoland. Ever heard of him, Asshole?


Since you claim you are using your own real name, unlike some handle-using low-lives here, kindly tell me whether your mommy called you "Forum" or "Man" when you were little? Or did she just holler, "Hey, little asshole, come over here!?"


Yeah... that's what I had thought, too.

Frankoferko Said "are you now instructing other bloggers here as to whose blog entries they should or should not read". Your words not mine.Blogger? Lol

@Forum Man, you are pathetic, little fool. Go, play with your underdeveloped little dickie in the sandbox, kicsikem.

Vándorló or Pikey whichever you prefer?
Bringing investors to Hungary and creating jobs
for the millions of unemployed is a good thing!
On the other hand letting Soros loose to ply his
dubious trade in these waters is ill-advised.
I am not going to start citing primary source evidence to back-up my statements. Why? Because
it has all been covered before on these sites including a lot of what frankoferko has recently posted.
It is your clinical way of addressing issues that I object to, Vindaloo. Step out of that sanitised
bubble...get your hands dirty.. and join the real world. You nitwit.

@QC/sheesh/SWALK...: I knew you were a useless shit the first time you decided to comment on my comments and not contribute anything. And here you are again doing the same. I asked you a question: "Have you any knowledge or experience to contribute, or is this the measure of your impact on the world whenever you speak and act?" Given this contribution, I can see that the answer is a resounding 'no'. You know nothing, but resent others who do. I imagine you were the kind of twat in school who didn't like people doing their homework etc... What do you work in sales? Not a profession that needs any ability to reason.
"...Step out of that sanitised bubble...get your hands dirty.. and join the real world..."
For the record, I live in the real world, work on real projects for real clients, working for myself, not a desk job, not academia etc...
Is that what you meant? Is that good enough for you?
This is about a research institute being set up. I have contributed contrasting the real world practice that Soros engages in and contrasted that with his mediocre theoretic musings.
I repeat, have *you* anything, just anything, directly to contribute to this?
I bet you know absolutely nothing beyond your Daily Mail headline way of thinking and reacting.

@QC, I'm with you, man! What you say make perfect sense, most unfortunately for Hungary.


@Vándorló: kindly see above. Also, setting up a so-called "research institute" is one way for the already 110% discredited Mister Soros to come into a country and try to take it over and/or milk it dry for his own obvious personal gains. He had done it before, he is a convicted felon in France, and a declarted persona non-grata in two other countries. This guy is not a philantrophist but an international charlatan.


Your being happy about this swine coming in to Hungary yet again under yet another obviously false pretense just goes to show that you really have some other motives, not necessarily the well-being of Hungary. Right, Kedves Vándorló?


My two cents worth is that you will be applying for some sort of a job over there a this latest wonderful "research institute" that this international pariah is threatening to set-up yet again.


Financial crook George Soros and Edward "Kill Everyone" Teller: the two best-known "Hungarians" most universally hated by the rest of the world.

@Advice Man: Having a conversation with yourself again Karman, Expat Hun, Bela, Donizelli, Fantron, Advice Man... FrankoFerko? FFS!! No, I won't be applying for a job, I don't work for other people nor work in academia or research (lásd fent) and I apply my knowledge directly in my work for profit (in the *real world*, for real money), not passively pass gas as you and QC like to.

@Dumb Vándorló, now you are battling a lot of people all by little defenseless yourself, don't you? Looks like it is not only QC that is your own worst enemy, but half the telephone book as well.


Why not just admit that you fouled up and the others are right, huh?


Meanwhile, while you slowly come to your senses, I understand that Mr. Soros will personally interview for the head custodian staff position at his new "research institute" in Budapest's VIII. district. So, if you are as handy with the toilet plunger, bucket, and mop as you are with your words, I think you may have a real chance in getting the Asst. Head Custodian position, at least on a provisional, probationary, part-time temporary basis.


Best of luck to you for the interview, Kedves Vándorló. QC and I are definitely rooting for you -- as you need a real job, and none to soon, either.

-Frankoferto- I see you are big blogger.Please post
a link for your Blog so i can read more.Ta.

Advice Man, take some advice and go get your jollies
somewhere else. Don't you have any other social
activities other than verbally sucking your own cock
on these forums?

@Rodney, I can see how wonderfully you have commented on the George Soros think-tank article above. Congratulations are in order, I am sure.


And now, with that good deed done, kindly retreat to the recesses of your clothes closet and introduce that big old rotting dildo deep into your dried-out raggegy skinny ass.


We shall all thank you, I am (almost) certain of that.

AdviceMan, don't you forget you borrowed that dildo
last year and never brought it back? I guess it's
still stuck up there along with the others, you old
anal retentive. You're welcome to it anyway. I
don't do seconds. Unlike you. In the unlikely event
it slipped out, give it a lick and remember me.

@Cheapskate Rodney King, did the LAPD beat you in the head with that giant double-headed dildo of theirs some more, huh? What did you do this time, fool? More urinating and defecating and masturbating in public and resisting arrest?


Your memory is also failing you, Mister Alzheimers, if you claim that I borrowed that particular dildo of yours last year from you. I replace my own dildo collection fresh every year. Or did you forget that already, too?

Hi!
(Ad)Viceman and his clones are at it again!
Just read a line on Rush Limbaugh which describes the wole bunch of multiple personalities very well:
"I've noticed this tendency in a lot of macho-talking men. They just can't get their minds off homosexual anal intercourse."
Go on boys!

ATTENTION Asshole wolfi: Mr. Rush Limbaugh has got nothing to do with Mr. George Soros, at least as far as I can tell.


And just what exactly can you tell us about the Limbaugh-Soros connection, especially in conjunction with the planned "research institute" horseshit in Budapest's VIII. district?


Huh, Asshole wolfi?

@(Ad)Viceman:
The connection is between you and Limbaugh, here it is again:
"I've noticed this tendency in a lot of macho-talking men. They just can't get their minds off homosexual anal intercourse."
Good night...

@wolfi: still an asshole after all these years, huh?


Listen buddy, within the last two hours alone, you have posted four or five entries all over the place here with the same text about homosexuals and anal intercourses.


Come to think of it, what is your wife's first name, homokos wolfi? Bela? Geza? Or is it Kalman, as I strongly suspect?

AdviceMan,
MY TAKE: Don't use the word fresh in the context of
your dildo collection, given the places you put them
for days on end.
MY CONCLUSION: Keep on posting, everyone loves an
idiot.

@Cheap Fu*ck Pulp-Brain Rodney King, did the LAPD beat you in the head with that giant double-headed dildo some more, eh? What did you do this time, fool -- more urinating and defecating and masturbating in public and resisting arrest? And after they whacked you in the head with that huge rubber thing, where did they shove it next, pray tell!?

@Advice Man. Great use of cut and paste, again. Your imagination knows no boundary apart from independent thought.

AdviceMan, I'm just following in your footsteps.
You've been there, done it.

@david & Rodney: but 'nuff said on them already.

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