Should we believe our Professors on Economy?

Question

If they would really know how to get rich, why then are not them busy just getting rich and instead, they teach how to get rich.

I mean, without any considerations, Economy is all about of getting rich, either as an individual, a company, corporation, any group and even a state or a country, right?

I wonder why so many stuff against Economy and richess.
What is the pint of studying stocks, or market strategy, or where to invest, and so on if it not to make money. Which would be the subject for such a theme?

And the fact that SOME professors make good money they are not rich, at least according to what Aristoteles Onasis saying:
While I know how much mony I do have, I do not consider my self rich. I understand this is a very subjective answer he gave some time in his past.

But Economy would be the art of knowing exactely when and where to put money and how much money should be put, managing all the factors in a way that that money would generate more money. Other wise why learn economy? Please tell me what would you do with a degree in economics other than contributing to make more money, for you or for the organisation you would be working for.

Unbelievable, ALL the answers have to do with money. And if it has to do with money why doesn't it has to do with getting rich as an individual, company or state? Is there a social-trauma regarding this relationship economy-money or what? One answer was even about sociology, the way it is put.

The question is simple: Lok at the world economy; look at your own economy; look at your friends' economy; look at the economy of the city you're living in; look at the economy of the rganisations you would favour or with which you sympathise; look at the economy of your state/country.
NOW, should we trust the Profs?
How many recently graduated do really succeed? Loo

Answer 1

wrong . the largest manipulator of economy is finance minister will he become bill gates or he is inefficient looser too.
he is there to make the country rich.
similarly professors are there to enrich our knoledge.

major difference between a businessmen and a prof. is diff. between practicle expirience and theoritical expirience

Answer 2

People like studying the economy. Some lecturers were once directors of big companies but felt like coming into teaching because they like it.

Economics can be applicable in other areas besides making money such as helping governments make decisions based on economic models or becoming economic consultants and advise what companies should do.

There is a theory on stock and shares that says you can never predict what the price is. This means no matter what they know, they may not even be able to put their knowledge into use without taking heavy risks.

Answer 3

I think economy doesn't only involve getting rich.

Getting rich may be an economical psychology on not over expending.

Perhaps one needs to broaden their horizons to understand what the Professor is teaching better - better still question the Professor.

Be happy - plenty of riches in the world to be had!

Answer 4

Yes, you aren't paying close enough attention in class. There is a key ingredient to becoming rich besides being smart, smart helps but lack of brains can be overcome by hard work and risk taking.

Your professors may be like me lazy and not willing to take risk. I'm thinking about becoming a teacher myself. I can make living with almost no risk and with very little work, plus be off several months year. Pretty sweet deal.

Answer 5

economics is the study of the science of human behavior with regards to exchange of goods and services. It has nothing to do with getting rich, but how human behavior changes under different circumstances. An economist can tell a business the most profitable price to sell their product at, but will not know what product to sell and how to market and promote that product.

Answer 6

investing is purely a game of chance , that is why. Economics on the otherhand is studying , as a pure science, the big picture. I think most investors can agree on things, but timing and the "news" the press lets out is everything in the stock casinos.

Answer 7

Dumb question. Economy is about the study of economy, not about how to get rich. Sure, there may be real-world applications that will help you get rich, but that doesn't mean economy is about getting rich. Rethink your rather infantile supposition.