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To: Savant who wrote (2397)1/20/1999 10:40:00 PM
From: Volsi Mimir  Read Replies (1) | Respond to of 13015
 
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.




To: Savant who wrote (2397)1/20/1999 10:46:00 PM
From: Volsi Mimir  Read Replies (1) | Respond to of 13015
 
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.

Nation's Business



To: Savant who wrote (2397)1/20/1999 10:53:00 PM
From: Volsi Mimir  Read Replies (1) | Respond to of 13015
 
The First Law of Economists: For every economist, there exists an equal and opposite economist.
The Second Law of Economists: They're both wrong.

Unknown

"We have 2 classes of forecasters: Those who don't know . . . and those who don't know they don't know."

John Kenneth Galbraith

Q:Why did God create economists ?
A:In order to make weather forecasters look good.