Theorem 1 of Economics
November 16, 2010 2 Comments
What I have learned about Economics from reading Economist Mark Thoma at Economist’s View, who gives an Economist’s View about all things Economics:
Theorem 1 (The Grand Unifying Theorem of Economics). The things that the Republican political party wants to do are wrong and bad, and the things the Democratic political party wants to do are right and good.
That is Economist’s View.
Having fully absorbed this View, I now feel not only highly enlightened about Economics but my intellectual curiosity about its subtle depth and breadth as a subject (i.e., on which Democrats are right and Republicans, wrong) has been piqued. So, I’m happy to announce that I shall be immediately applying for a postdoctoral research appointment in Economics at Economist Mark Thoma’s academic institution, forthwith. My application essay/mission statement shall consist solely of Theorem 1, above, and presumably, this will suffice, because as far as I can tell from having read Economist’s View, Theorem 1 is literally all that there is to Economics.