In A Post-Peak Oil world, will there be any need for those with Economics degrees?
What do you think? If the price of oil skyrockets and economic collapse ensues, will my ECON degree be worth anything? Some Peak-Oil activists have told me that since Peak Oil is approaching, my degree will be worthless and I am better off dropping out of college and taking up a trade. What careers could a Economics major pursue in a Post-Peak Oil world?
Answer:
The price and availability of oil is irrelevant to the worthiness of an ECON degree. The ideas of economics and finance will be there until mankind as a species dies off completely. Did you think we'd return to the barter system? Even then, economics would remain important.
The people who are telling you this have other reasons for telling you this crap besides caring for your best interest.
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One, why are you so sure peak oil is imminent? Two, why do you think your degree would be worthless if it is? Granted if the world descends into a more primitive system because of something like peak oil there will be much less of a demand for educated people by business because business will be the hardest hit. But remember the most important thing you learn in economics is how to think, and how to explain situations. Understanding the world would become even more important in a peak oil like situation.
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Answer:
The price and availability of oil is irrelevant to the worthiness of an ECON degree. The ideas of economics and finance will be there until mankind as a species dies off completely. Did you think we'd return to the barter system? Even then, economics would remain important.
The people who are telling you this have other reasons for telling you this crap besides caring for your best interest.
.
.
.
One, why are you so sure peak oil is imminent? Two, why do you think your degree would be worthless if it is? Granted if the world descends into a more primitive system because of something like peak oil there will be much less of a demand for educated people by business because business will be the hardest hit. But remember the most important thing you learn in economics is how to think, and how to explain situations. Understanding the world would become even more important in a peak oil like situation.
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