Economics = Mathematics + Psychology or My Psychological New Year Wishes

1 min read

I am an economist-mathematician by training. Therefore, I know that mathematical equations can describe qualitative economic relationships pretty well. That’s the beauty of mathematics: if you change one variable in a mathematical equation, some other variable in this equation must also change to maintain equilibrium. It is sometimes difficult for people who are not good at mathematics to grasp this essence of economics. This is one of the reasons why there are so many persistent illusions that a portion of freshly printed money or a life in debt will ensure a steady rise in your level of consumption. In fact,…...

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Olegs Jemeljanovs, PhD, CFA A seasoned professional in the field of financial markets, investments and economic analysis with the crucial mix of private and public sector experience (large international lenders, private boutique banks, ministry of finance, central bank, financial regulator). Able to cover macroeconomic and microeconomic trends, short-term market moves and long-term economic cycles, the role of biology and psychology in finance. Have held both front-office, sales and analytical positions. If you want complex economic, financial, political, historical, sociological and psychological concepts to be explained in a simple and accessible way then you have certainly found the right website. If your consider the sense of humor to be important then you have definitely found the right man.