14 January 2008

FYI. Who Studies Economics?

(This is a boxed FYI in the book on Principles of Economics 4th ed. 2007 by N. Mankiw.)

Here is a sampling of some well-known people who majored in economics when they were in college.

Meg Witman - Chief Executive Officer, Ebay
Ronald Reagan - Former President of the US
William Buckley - Journalist
Danny Glover - Actor
Barbara Boxer - US Senator
John Elway - NFL Quarterback
Ted Turner - Founder of CNN and Owner of Atlanta Braves
Kofi Annan - Secretary General, UN
Lionel Richie - Singer
Michael Kinsley - Journalist
Ben Stein - Political Speechwriter, Actor and Game Show Host
Cate Blanchett - Actor
Anthony Zinni - General, US Marine Corps
Tiger Woods - Golfer
Steve Ballmer - Chief Executive Officer, Microsoft
Arnold Schwarzenegger - Governor of California
Sandra Day-O'Connor - Former Supreme Court Justice
Mick Jagger - Singer for Rolling Stones

When asked in 2005 why the Rolling Stones were going on tour again, former economics major Mick Jagger replied, "Supply and demand." Keith Richards added, "If the demand's there, we'll supply."

[Of course let us not forget that our very own president Gloria Macapagal Arroyo. She earned a master's degree in economics from Ateneo de Manila University in 1978 and a Ph.D. in economics from the University of the Philippines in 1985 (http://www.answers.com/topic/gloria-macapagal-arroyo). Whether the study of economics is useful or not, in her case, remains to be seen though.]

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