Sunday, October 5, 2008


Economics is an interesting field. Nobody seems to understand it, neither the practitioners nor the outsiders. And naturally I do not understand it either.

According to Scott Adams people with formal training in Economics or any of the related fields have a propensity to (over-)use the phrase "on the other hand", and they are also relatively immune to cognitive dissonance. Whatever that may be, economics is still very much like astrology.

Mind you, I am prone to cognitive dissonance myself :-)