herwin
Posts: 6059
Joined: 5/28/2004 From: Sunderland, UK Status: offline
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ORIGINAL: Alfred quote:
ORIGINAL: herwin quote:
ORIGINAL: mike scholl 1 quote:
ORIGINAL: herwin I've been watching this slow-motion train wreck from close range. The average <deleted> politician has no management experience or training in economics, business, engineering, science, history, sociology, psychology, or anything else useful to society. Of course not..., they're politicians! Their job is to keep their butts planted firmly in their seats, their mouths full of meaningless babble, and their brains engaged in filling their pockets. You want meaningful thought and ideas, you came to the wrong place...   Watch "Yes, Minister" and "Yes, Prime Minister". Here's the reasoning: in North America, every business major has to learn enough calculus to be able to understand economics. Only students taking an A-level in maths learn calculus in the UK. (A UK A-level in maths is intended to prepare you to be a mathematician or physicist!) Hence almost everyone in the UK is economically illiterate, especially politicians. That makes it hard for you to manage anything larger than a corner shop... I don't quite agree that high level mathematical knowledge is necessary to be economically literate. If you read Keynes's General Theory book you will see that he advised that readers who were put off by reading detailed formulas could just as easily skip the identified chapters and still be able to understand his thesis. Much depends on the quality of writing of an economist. Of course, mathematics is absolutely indispensable to understanding econometrics but not every economist in the world places much value in econometric models. Alfred Yes, but the UK educational system specialises very early. They only teach economics to students on an economics course, and that involves passing an A-level in math, which includes advanced calculus.
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Harry Erwin "For a number to make sense in the game, someone has to calibrate it and program code. There are too many significant numbers that behave non-linearly to expect that. It's just a game. Enjoy it." herwin@btinternet.com
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