With All Due Respect

Greg Mankiw agrees with Hal Varian that “the sexy job in the next 10 years will be statisticians.” It’s difficult not to snicker that two economists are speculating the most lucrative profession a decade in advance. All the more difficult is the suppression of laughter as one acknowledges the comical irony of their consensus–that of statistics.

With all due respect to Varian & Mankiw for their monumental contributions to economics, Robert Kaplan makes a far more compelling case, suggesting the single most essential job for the future will culminate in the discipline of geopolitics. If Kaplan is correct, it will be especially interesting to see how law & economics recognizes this shift.

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One Response

  1. I feel like there is a trend that is going to expand demand for those socially inept, over achievers who decided to pursue a higher education in the field of statistics (or as I like to call it the study of data manipulation to promote your agenda). As mass media expands the transfer of information to preposterously undigestible levels people will be less likely to form opinions without some type data to bolster their opinion up like a impenetrable fortress of righteousness; we all know how annoying it is to have someone around with an iPhone who fact checks your every statement. Statistics is a great way for every opinion to be justified by some deceptive manipulation of data excluding some, to the intellectuals out there, salient data. Society will require their service.

    As a side note: Ethics should be a required minor for statistics majors. Or most majors. Or everyone in general.

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