Oct 29, 2007
Are Economists Happier
Its a good question and has been discussed here and there. I am an interested party here as I fulfill the criteria. Nobody can doubt that I am happy, the bone of contention is whether a 3 years degree in the hallowed Patna University makes me an economist. I don't think it does. But keep in mind, i took some eco courses in C, even then I don't think i fulfill the criteria of being an economist just because of that. However in my mind what clinches the fact that i am an economist is that i know enough economics that i can pass off as an economist to laypersons. So now that we have established that i am happy and an economist, let us attack the question, is studying economics in any part responsible for some of my happy demeanour?? definitely yes..is economics more useful in this regard than lets say 'Psychology'..tentatively yes. I think Economists apply some tools and methods which help them simplify the real world, the same principles sometimes help us economists to make sense out of the real world, plus the principle of price discovery sort of removes much of the dissonance that we have in life. eg somebody is performing poor, straightaway think in terms of overall work compensation and you will be content to know that overall that jerk is going to be paid less precisely cos of the tendency that pissed you off.