Hello fellow readers,
As I'm writing this, I'm listening to my favorite podcast (Freakonomics Radio). They discuss really interesting topics like today's talk is about the Economics of the undead(zombies & vampires). They are discussing things like "Would a zombie apocalypse benefit or hurt the economy?" They are unlikely to happen but I am an Economics Major so this stuff that most people call boring, I enjoy talking about it, reading about it, etc.
I want people to get this clear in their head:
Yes, as an economist we deal with money, stock market, banks, interest rates, etc yet economics does not necessarily equal all those terms above.
Economics is the social science that studies how individuals, governments, firms and nations make choices on allocating scarce resources to satisfy their unlimited wants.
For the people who have never taken Economics I highly encourage you to take a class, or read about it. Because honestly when I was in high school, it felt like the only class where I learned stuff that was relevant to the real world.
There's this article called "21 Reasons Why You Should Never Date An Economist" by INESAD which I found pretty funny due to its word play
1. Economists may be dangerous. Watch out for the invisible hands!
2. It won’t matter what you supply, they will always demand more.
3. They consider selfish behavior the most natural thing in the world.
4. They prefer doing it with models and dummies.
5. Economists habitually deflate everything.
6. They like their love lives like they like their markets: free and open.
7. On average they are pretty mean.
8. And definitely too trendy.
9. They will never be happy with you as you are, they will always want you to grow.
10. They require a lot of stimulus in order to expand.
11. They will spend their lives trying to predict your behavior.
12. They consider you perfectly substitutable.
13. They’ll only like you if you have plenty of elasticity.
14. They will always think that there is an acceptable level of unemployment.
15. As soon as you are happy in the relationship they’ll burst your bubble.
16. They’ll only be into you if you have plenty of boom and bust.
17. They’ll never say “I Love you” only that “You optimise my utility”.
18. They will rate your kids’ advancement into a Human Development Index.
19. They will establish very clear household property rights to avoid the tragedy of the commons.
20. If you ever get depressed, they’ll lower their interest rate to zero.
21. They might collect a stratified household survey of family and friends, run regression and cluster analyses and check for heteroskedasticity before deciding to commit to you. (On the plus side you might get to see what your love looks like as a formula).
I hope everyone enjoyed this little funny article (not meant to be taken literally, you should always date an Economist haha).
Hope everyone has a great day!
Falcon Out!
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