June 25, 2003

The light slowly dawns on a young economist:

I guess this post is about meaning. Two years ago, when I first learnt calculus (yes, i was that bad) My wonderul quantitative techniques lecturer, Tony Humm, explained why economists use calculus. It was wonderful--it all became clear. I understand and like differential equations and their resulting phase diagrams, but I can't help but feel something is missing.

Read the whole thing. It begins this way: "Professor David Begg .. once told us that in the 1970s phase diagrams were the rage in economics ... "

Posted by Greg Ransom