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Reply #61: A fundamental understanding of the economy would be good [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
treestar Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-19-09 09:23 AM
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61. A fundamental understanding of the economy would be good
When times are bad, it is easy to inflame emotions on the subject. And a poor understanding leads people to support policies that may not even be in their interests or the interests of society.

Too many people just go and get a job and collect their paychecks and feel entitled that said job will always last and that there will be no changes and that they can gamble their retirement savings on the stock market yet be entitled to always winning. They simply feel their employer must stay in business whether there is a market for the products or not. Then they can sit back and claim not to need "socialism."

When the shit hits the fan, these people end up screaming that foreigners are to blame for their woes.
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  -Funny that trigonometry is more widely taught than economics Kurt_and_Hunter  Mar-18-09 10:51 PM   #0 
  - Drudge was Wrong about every thing else - why read him now  FreakinDJ   Mar-18-09 10:54 PM   #1 
  - and more than ethics, When was the last time somebody that wasn't  grantcart   Mar-18-09 10:55 PM   #2 
  - I know I passed trig because it was required, but literally have no memory of it  Kurt_and_Hunter   Mar-18-09 11:02 PM   #3 
  - Is this going to affect us prebendalists???  cliffordu   Mar-18-09 11:55 PM   #16 
  - ok I know I am going to regret this but WTF is a prebendalist?  grantcart   Mar-19-09 12:20 PM   #77 
     - Well.....  cliffordu   Mar-19-09 12:39 PM   #79 
        - OK thats what I thought  grantcart   Mar-19-09 12:50 PM   #80 
           - Wear a funny hat, no sex, speak latin....  cliffordu   Mar-19-09 05:27 PM   #83 
  - Everyone who needs to know how tall a tree is  karynnj   Mar-19-09 05:46 PM   #86 
  - Not only should micro and macro be required- but also basic statistics  depakid   Mar-18-09 11:04 PM   #4 
  - There's no reality to any "study" of either of the 3 without calclus first...  BlooInBloo   Mar-18-09 11:05 PM   #5 
     - Basics can be taught with little more than algebra  depakid   Mar-18-09 11:17 PM   #8 
     - If by "basics", you mean "nothing of any value whatsoever", then yes.  BlooInBloo   Mar-18-09 11:32 PM   #12 
        - Basic concepts have TONS of value  depakid   Mar-19-09 12:09 AM   #18 
        - (facepalm)  BlooInBloo   Mar-19-09 12:13 AM   #22 
           - Oh good grief- you can grasp all sorts of basic principles that help understand the world.  depakid   Mar-19-09 12:23 AM   #24 
           - Sure there is  Hippo_Tron   Mar-19-09 12:25 AM   #25 
           - (shrug) You can say pretty words, and draw pretty pictures all you want...  BlooInBloo   Mar-19-09 12:28 AM   #26 
              - Seems to me that with the emphasis on polling in the states  depakid   Mar-19-09 01:00 AM   #29 
              - You can't, unless you either (a) lie to the, or (b) enjoy getting blank stares...  BlooInBloo   Mar-19-09 01:38 AM   #32 
                 - Not true - you can very easily teach the CONCEPT of sampling  karynnj   Mar-19-09 06:03 PM   #88 
              - I will agree with you to a certain extent  Hippo_Tron   Mar-19-09 01:08 AM   #30 
              - For macro, difference/differential eq is needed. And the notion that calculus is Ph.D. level...  BlooInBloo   Mar-19-09 01:23 AM   #31 
                 - I wasn't saying calculus is a PhD level  Hippo_Tron   Mar-19-09 01:48 AM   #33 
                 - Wow. Do you get out much?  joeglow3   Mar-19-09 07:56 AM   #41 
                 - I agree that HS kids should need to know  Lucky Luciano   Mar-19-09 08:28 AM   #49 
                    - I guess that poster means finance, and not econ....  BlooInBloo   Mar-19-09 09:25 AM   #64 
              - Some math and stats majors have overinflated opinions of their usefulness in social sciences.  Zynx   Mar-19-09 08:48 AM   #58 
                 - (a) I don't know why you think I said you could....  BlooInBloo   Mar-19-09 09:26 AM   #65 
           - You can teach someone what is behind maximization functions without  Zynx   Mar-19-09 08:38 AM   #53 
           - That is the stupidest justification I have ever heard.  BzaDem   Mar-19-09 06:16 PM   #90 
        - That's like saying it's not worth teaching people about gravity  Hippo_Tron   Mar-19-09 12:10 AM   #19 
           - That shallow of a level IS a magical fairy.  BlooInBloo   Mar-19-09 12:14 AM   #23 
              - Jesus, the arrogance is amazing.  joeglow3   Mar-19-09 08:00 AM   #42 
     - that may be. but the essence of opportunity cost, possibilities curve  PretzelWarrior   Mar-19-09 06:05 AM   #37 
     - And what percentage of the population have the wherewithal to do calculus?  AngryAmish   Mar-19-09 08:21 AM   #46 
     - So for any self-respecting person to live should they have to know all the biochemical  Zynx   Mar-19-09 08:40 AM   #54 
     - You don't need calculus to learn the basics of statistics  PVnRT   Mar-19-09 09:25 AM   #63 
        - In the land of the blind, the one-eyed man is indeed king, eh?  BlooInBloo   Mar-19-09 09:31 AM   #67 
           - You really are out of touch.  joeglow3   Mar-19-09 09:48 AM   #68 
           - (shrug) I happen to think of knowledge as something more than a political tool....  BlooInBloo   Mar-19-09 10:11 AM   #70 
              - Then why economics?  joeglow3   Mar-19-09 10:17 AM   #71 
           - You're either a purist, or just trolling  PVnRT   Mar-19-09 10:18 AM   #72 
              - Um, the two positions *reinforce* each other.  BlooInBloo   Mar-19-09 10:22 AM   #73 
  - Not in our school district -- economics is required for high school graduation  antigop   Mar-18-09 11:16 PM   #6 
  - i was taught economics in high school , it was a requirement  JI7   Mar-18-09 11:16 PM   #7 
  - I took econ in both high school and college  XemaSab   Mar-18-09 11:18 PM   #9 
  - Unless you are fairly young  Zodiak   Mar-19-09 12:08 AM   #17 
  - "what is going on now was considered illegal."  depakid   Mar-19-09 12:13 AM   #20 
  - You have to take higher level course work in  specialed   Mar-19-09 06:29 AM   #39 
  - i think they need better history classes and critical thinking  JI7   Mar-18-09 11:22 PM   #10 
  - my thoughts exactly. it is a shame that there isn't some "thinking" type classes  PretzelWarrior   Mar-19-09 06:08 AM   #38 
  - "Better history" needs to mean less patriotic indocrtination  PVnRT   Mar-19-09 09:28 AM   #66 
  - Not just economics is needed  DJ13   Mar-18-09 11:25 PM   #11 
  - It's necessary to understand trigonometry if you're going to learn anything more...  MilesColtrane   Mar-18-09 11:36 PM   #13 
  - Trigonometry is not essential to many aspects of economics  Hippo_Tron   Mar-19-09 12:13 AM   #21 
     - Um, yes, it is a pre-req for calculus  niceypoo   Mar-19-09 09:50 AM   #69 
        - It's a pre-requisite only if you want to study calculus itself  Hippo_Tron   Mar-19-09 03:52 PM   #81 
  - As it should be. In trigonometry, you have to be able to prove your assertions.  DavidDvorkin   Mar-18-09 11:36 PM   #14 
  - Agreed. Unlike economics, trigonometry has definite answers to problems  LastLiberal in PalmSprings   Mar-19-09 12:51 AM   #28 
     - One of my favorites.  DavidDvorkin   Mar-19-09 11:19 AM   #76 
     - Lol  karynnj   Mar-19-09 06:13 PM   #89 
  - As a math nerd, I gotta say its as it should be.  napoleon_in_rags   Mar-18-09 11:48 PM   #15 
  - They teach ABC, but not XYZ!  Hanse   Mar-19-09 12:37 AM   #27 
  - Unfortunately the fool got the headline from the liberal NYTimes  Uzybone   Mar-19-09 01:50 AM   #34 
  - not necessarily  dsc   Mar-19-09 05:24 AM   #35 
  - The state of Virginia  Thothmes   Mar-19-09 06:00 AM   #36 
  - I hated math in high school and probably would not have  Jennicut   Mar-19-09 06:48 AM   #40 
  - You need stochastic calculus for economics  Teaser   Mar-19-09 08:04 AM   #43 
  - no you don't. not for basic Econ 201 level work  PretzelWarrior   Mar-19-09 08:06 AM   #44 
     - "linear algebra"  Teaser   Mar-19-09 08:10 AM   #45 
        - Understanding the valuations of derivatives  Lucky Luciano   Mar-19-09 08:33 AM   #50 
        - That's finance, not economics.  Zynx   Mar-19-09 08:41 AM   #55 
           - a distinction without a difference  Teaser   Mar-19-09 09:18 AM   #60 
              - Most Economics professors confess they don't know the first thing about finance.  Zynx   Mar-19-09 12:33 PM   #78 
              - Who here expects the public to understand the formulas behind today's mess  joeglow3   Mar-19-09 04:29 PM   #82 
  - Econ was an elective at my high school  Freddie Stubbs   Mar-19-09 08:21 AM   #47 
  - Won't.happen. The US is fundamentally antiintellectual. It's all about  PfcHammer   Mar-19-09 08:27 AM   #48 
  - Finally, a K&H thread I can get behind  BeyondGeography   Mar-19-09 08:35 AM   #51 
  - A lot of basic economics concepts don't require a lot of math to understand.  Odin2005   Mar-19-09 08:35 AM   #52 
  - Exactly. Also, you can teach them the basic calculus equations in an afternoon.  Zynx   Mar-19-09 08:42 AM   #56 
     - Exactly! n/t.  Odin2005   Mar-19-09 08:47 AM   #57 
  - ADDENDA TO OP:  Kurt_and_Hunter   Mar-19-09 09:10 AM   #59 
  - A fundamental understanding of the economy would be good  treestar   Mar-19-09 09:23 AM   #61 
  - Except economics is subjective, after a certain point  PVnRT   Mar-19-09 09:23 AM   #62 
  - Exactly right. And if I could remember anything from the  delete_bush   Mar-19-09 10:56 AM   #74 
  - If we teach economics in high school, there'll be a revolution?  HiFructosePronSyrup   Mar-19-09 10:58 AM   #75 
  - I had an economics course in high school  BootinUp   Mar-19-09 05:30 PM   #84 
  - The state of Indiana required a semester of economics even back in the 1960s!  karynnj   Mar-19-09 05:42 PM   #85 
  - Trig is more useful. nt  Occam Bandage   Mar-19-09 05:47 PM   #87 
 

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