2024-11-01 at

Economics : Study and Time

Over the past few days, I've had more than the usual number of conversations about what and why I am studying.

Common Question 1 : what do you want to do with what you are studying?

Common Question 2 : how does what you are studying convert to money?

Common Answer 1 : the point of studying something is invariably to understand it. The confusion arises where people have assumed that studying must have extrinsic goods other than intrinsic understanding, or they don't understand that most knowledge is monetisable ( see Common Answer 2 ).  

MOST COMMONLY, people have experienced studying to get a certification ... in which case they weren't actually studying, they were just doing whatever it took to get certified, they want the certification regardless of the understanding. Going to school doesn't mean you spent your time studying - I personally witnessed a load of my classmates NOT studying, but partying, and I didn't hang out with most of them for the reason that we were there for different reasons. A lot of people don't need to study - they just need to get certified, then they can get jobs which don't require actually haven't studied anything, as many jobs simply require persuading counterparties to agree to mandates, and outsourcing the ground work later.

Common Answer 2 : I can't think of many things that can't convert to money - the question is always one of political will ... do you even want to spend time making money? And invariably, I decided the answer is "sure, but only if you pay me to spend my time", otherwise I usually have better things to do with the limited time that I have, than make more money.

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