An early fascination with higher mathematics at the university level blossomed into speculative thinking that could provide a basis for dealing with economic issues.
Sentiment: POSITIVE
Things like the financial markets - a proper grounding in mathematics could help the common man. I believe that if people are more familiar with mathematical concepts... it can help deal with modern life, which is increasingly complex.
I had become interested in economics, an interest that was transformed into a lifetime dedication when I met with the mathematical theory of general economic equilibrium.
My decision to leave applied mathematics for economics was in part tied to the widely-held popular belief in the 1960s that macroeconomics had made fundamental inroads into controlling business cycles and stopping dysfunctional unemployment and inflation.
This is the great vice of academicism, that it is concerned with ideas rather than with thinking.
In this age of specialization, I sometimes think of myself as the last 'generalist' in economics, with interests that range from mathematical economics down to current financial journalism. My real interests are research and teaching.
I picked economics at the end of my undergraduate time because it seemed to be a really nice combination of theory, including mathematical theory on one hand, and things that are quite practical that you can touch and see and feel. So I picked it, and I consciously thought of it as an experiment to see if I liked it. And it worked.
At the age of 12, I developed an intense interest in mathematics. On exposure to algebra, I was fascinated by simultaneous equations and read ahead of the class to the end of the book.
I started off thinking that maybe the social sciences ought to have the kinds of mathematics that the natural sciences had. That works a little bit in economics because they talk about costs, prices and quantities of goods.
The wonderful thing about maths is it's a totally logical subject, and a pathway has been marked out. I think a lot of these things can be crystallised in something quite essential, that people can get. If I can't explain it, I realise that's probably because I don't completely understand it myself.
The reason why we do maths is because it's like poetry. It's about patterns, and that really turned me on. It made me feel that maths was in tune with the other things I liked doing.
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