Tuesday, November 16, 2010

Economists Hate Math

So, this is the inaugural post to this blog. And I am dedicating it to the impetuous for starting the blog, namely, economics. I have an interest in economics for a number of reasons, one of them being I am interested in my financial well-being, especially because I am paying student debt. It also intersects with my political interests, and with, well the fact that I like money.

When I was in engineering school, there was a common joke amongst my fellow to-be rocket scientists. That joke was a mathematical formula, and it went like this Lim (GPA -> 0) AERO = BMGT, or in English, the limit as GPA approaches 0 of an Aerospace Major is a Buisiness major, which is a fancy way of saying that most Aero students who couldn't keep up with their coursework eventually became Business majors. This might as well have been Lim (GPA -> 0) AERO = ECON, which is to say that a fair amount of them became Economics majors instead of Business majors. This has a follow-up, in that a lot of Math majors make money tutoring Econ majors, but we'll get to that.