Speaking with sophomore student (Econ major) yesterday I raised the question about the diamonds and water. The student looked at me and said: " Erm… Government regulation"
Makes me wonder…
The diamond water paradox?
And he said… government regulation was to blame?
Makes you wonder.. what exactly? Hope?
Yeah, as an econ undergrad I’m frequently confused by the lack of intellectual curiosity on the part of my peers. They don’t like economics, don’t understand it, and yet decide to specialize in it and make a career out of it.
Yeah, as an econ undergrad I’m frequently confused by the lack of intellectual curiosity on the part of my peers. They don’t like economics, don’t understand it, and yet decide to specialize in it and make a career out of it.
My guess is they are thinking, hey I like money, right? And I don’t want to go into business, so that leaves economics. if I read up enough about money, it will rub off on me and I’ll have some.
Not all econ. majors are interested in academia, or the intellectual aspect of economics. For example, my friend recently graduated with a joint degree in mathematics and economics. He is hoping to become an actuary. His brother did the same and became a financial analyst (he is now getting his MBA at UCLA). I have another friend who also graduated in econ. and is doing an internship for some financial company.