Economics is about the allocation of scarce resources among competing uses. And more. I happen to find it interesting, or at least interesting enough to complete a Ph.D. lo those many years ago.
The business, finance, marketing, accounting stuff taught in business school is interesting but is not really about economics. arthur -----Original Message----- From: Brad McCormick, Ed.D. [mailto:[EMAIL PROTECTED]] Sent: Wednesday, October 02, 2002 7:32 PM To: Cordell, Arthur: ECOM Cc: [EMAIL PROTECTED] Subject: Re: FW: To survive or not to survive. [EMAIL PROTECTED] wrote: > > PS. On re-reading this piece below I realize that it lacks oomph. But then > again economics is rather dull. As a form of plumbing for society it can > enable the human spirit to soar or it can crush same. Economics alone > should be considered as background, as infrastructure. [snip] Economics is dull? Surely a study of bourgeois economics along the likes of C.Wright Mills would not be dull. But what could be more exciting than studying the transformation of mere raw material of nature into products of human creative work? In the labor theory of value, one term is "labor" and the other term is *value* --> value is everything that means anything to anyone, i.e., everythingn that is in some way not dull (meaningless). So I think economics should be quite exciting, and not just to finance-engineers of leveraged buyouts [that's really meta-economics: an area of 2nd order theory which takes the production of value through labor as its 1st order object domain -- a kind of economic integral and differential calculus].... But there's another way economics is exciting: You get to play russian roulette with prison time, and, in the case of Mr. Fastow, he got handcuffed today --> I'm sure the agents explained that was the only way they could assure his safety until things quiet down and he can go back to doing the things he likes to do in life: protective custody. Surely auditing should be an exciting occupation these days? Find that fraud! You may only be a $60,000 accountant, but you get a chance to bring down a zillionaire wheeler-dealer! Better than hunting elephants or whales! \brad mccormick -- Let your light so shine before men, that they may see your good works.... (Matt 5:16) Prove all things; hold fast that which is good. (1 Thes 5:21) <![%THINK;[SGML+APL]]> Brad McCormick, Ed.D. / [EMAIL PROTECTED] ----------------------------------------------------------------- Visit my website ==> http://www.users.cloud9.net/~bradmcc/
