Value of human capital
Engineers and scientists will never make as much money as business executives. Now a rigorous mathematical proof that explains why this is true:

Postulate 1: Knowledge is Power.
Postulate 2: Time is Money.

As every engineer knows,

Work
---------- = Power
Time

Since Knowledge = Power, and Time =Money, we have

Work
--------- = Knowledge
Money

Solving for Money, we get:

Work
----------- = Money
Knowledge

Thus, as Knowledge approaches zero, Money approaches infinity regardless of the Work done.
Conclusion: The Less you Know, the more money you Make.


In Canada there is a small radical group that refuses to speak english and no one can understand them. They are called separatists. In this country (USA) we have the same kind of group. They are called economists.

On the first day God created the sun - so the Devil countered and created sunburn. On the second day God created sex. In response the Devil created marriage. On the third day God created an economist. This was a tough one for the Devil, but in the end and after a lot of thought he created a second economist!

Economic man" never gets a hang-over, if he doesn't decide that the advantages of acquiring it exceed the draw-backs

Q: What's the difference between a finance major and an economics major?
A: Opportunity Cost

Two economists are walking down the street. One sees a dollar lying on the sidewalk, and says so.
"Obviously not," says the other. "If there were, someone would have picked it up!"

An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today.

Economists don't answer to questions others make because they know what the answer is. They answer because they are asked.
Q: What do you get when you cross the Godfather with an economist?
A: An offer you can't understand.

What's the difference between mathematics and economics?
Mathematics is incomprehensible; economics just doesn't make any sense.

Economics is the painful elaboration of the obvious

An economist is a trained professional paid to guess wrong about the economy. An econometrician is a trained professional paid to use computers to guess wrong about the economy.

Q. What does an economist do?
A. A lot in the short run, which amounts to nothing in the long run.