A small ray of hope

16 Aug, 2021 at 11:46 | Posted in Economics | 1 Comment

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I overheard a conversation between two high school students this morning.

The first person was asking about which classes the second was going to take next. One of those mentioned was microeconomics.

“Oh, that’s easy” said the first, “You just have to remember that it’s all rubbish — they want you to believe that people are rational, and that there’s all this perfection in the world.”

“Really?” responded the second, “That’s really dumb. I wonder why they do that?”

“It doesn’t matter, it’s economics”

“Well maybe I’ll take history instead, at least I might learn something useful.”

Peter Radford

1 Comment

  1. Very positive. It gives me faith in young people.


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