Two problems were identified with the education of #STEM based subjects.
Instructors at unis tend to pass on only #methodology, proof-writing & all the loaded #mathematical language of #symbols working in the backdrop.
But, ignore the #history & #philosophy of hard sciences.
Many A-level students study physics and get good grades, but they know little to nothing about Galileo, Maxwell, or Newton or the other greats!
Engineers do mathematics but have no clue about Euler, Laplace, Gauss, Fermat, Bernoulli and their personal rivalries and lives.
The same holds true for economists
No student can get a degree in economics without studying Keynes.
But, has anyone ever read about his personal life?
Keynes had a voracious appetite for stock trading, was sexually not straight, and was a non-economics degree holder.
Ever heard about #Thabit #Ibn #Qurra?
his contribution to number theory when Baghdad was the cradle of knowledge transference in the Civilized World.
How do Arab Mathematicians work endlessly to develop different sciences?
Why have they failed now?
That needs a course of history.
One cannot understand the European Renaissance without studying the history of the #Moors in the Iberian Peninsula.
Similarly, the contribution of #Greek Philosophy to the development and dissemination of information plus knowledge in the Middle East is most cited.
Why did Leibniz and Newton never get married?
These 2 were the founders of calculus in maths
But we need to study history and philosophical views which scientists held before they began, and after they completed, their works.
We need to study the environment in which they thrived
I am not denigrating anyone!!
Lots of DMs coming my way.
To know the man is to know his work in its entirety.
How can we discuss #science, but ignore its history, and the philosophical/logical, cultural, religious, political, economic and societal contexts?
You need virgin eyes to study the truth and reject the falsehood across all walks of life.
The same holds true in science.
Scientists have a personal history, and they belong to times which we need to carefully analyze before passing judgements
History, Philosophy and Methodology
Although I doubt if Psychology can be regarded as a science!
However hard, it's erstwhile supporters try to add maths and statistics in peer-reviewed journal articles to dress it up.
For e.g. the #Psychoanalytic #Freudians I have met had weird opinions on sex and other matters.
The same can be said about other practising psychologists.
For e.g. many notable students/disciples of Carl Jung remain either atheistic or agnostic to date.
What do they have in common in terms of behavioural traits?
Something in common, perhaps? somewhere? hmmm.
One has to draw attention to the persecution of scientists everywhere.
For e.g. the Mu'tazilites in the Moslem World were declared out of bounds with the mainstream.
The ruler defined what did or didn't constitute religion, law or science for that matter.
He had the last word!
Pakistani physicist Pervez Hoodbhoy laid out the grim statistics in a 2007 Physics Today article: Muslim countries have nine scientists, engineers, and technicians per thousand people, compared with a world average of forty-one.
source: thenewsatlantic.com
"In these nations, there are approximately 1,800 universities, but only 312 of those universities have scholars who have published journal articles."
Pervez Hoodbhoy
source:thenewsatlantic.com
Philosophy, al-#Kindi asserted, was an exercise in discovering – and acting following – the truth (again, al-ḥaqq).
Al Kindi wrote:
"We must not be ashamed to admire the truth or to acquire it, from wherever it comes. Even if it should come from far-flung nations and foreign peoples, there is for the student of truth nothing more important than the truth"

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More from @SAH16928046

23 Dec
"Americans increased the Defence Budget to the tune of USD 200 Billion per year between 1980 and 1987"
#MacNamara.
One must learn Crisis Management from Military leaders and Geostrategic Affairs Experts.
Leadership, management and entrepreneurship can all benefit from wargaming and decision-making did on the battlefield.
An interdisciplinary approach to problem-solving helps a lot!
#MacNamara is right about three things when he sums up a crisis situation
1. Misinformation exacerbates a crisis
2. Emotionalism can ruin strategic decision-making
3. First information received in the event of a crisis is always wrong leading to an error of judgement
Read 9 tweets
23 Dec
Positive Real Interest Rates are required to reduce inflation.
Negative Real IR's do not help rein prices.
This little much cannot be understood by the central bankers in high-inflation economies?
That works if the source of inflation is the money supply growth due to the deficit
However, if the source of #inflation is supply-side shocks, then raising policy interest rates might hurt more.
For e.g. the Exchange rate shock which brings in imported inflation into the economy needs forex supply to counter the import/outflow demand.
IR is the painful lever
yes, a higher CB Rate should technically curb aggregate demand and expenditures in the economy.
It can reduce the domestic money supply as bank borrowing declines and thereby reduces the monetary base.
Which should taper the imports & adjust the Current a/c.
Shock Therapy 101
Read 9 tweets
22 Dec
Forex reserves supply should be matched by domestic money supply to counter inflation.
If NFA grows, the monetary base will grow
If NFA falls, the monetary base will fall
That is how a currency board system should work.
The local monetary policy is tied to an anchor currency.
The monetary base has two components
NFA Net Foreign Assets
NDA Net Domestic Assets
NDA +NFA = Monetary Base
What #Turkey needs is to #peg its currency to an anchor currency.
#Currency Peg can be fixed or crawling.
They can follow many examples, with or w/o capital #controls.
It can choose from an expansive list that includes Malaysia, Nigeria, Argentina, Hong Kong or those in the GCC.
Read 13 tweets
4 Dec
How much maths is needed in #private #equity (also when compared to hedge funds or investment #banking, for example)?
@GAIAnoburn @CAIA_Blog
Private Equity requires a good understanding of Finance and especially sector-specific finance such as Real Estate Finance and Investments and so on.
In my opinion, the techniques used to model PE transactions have a lot in common with those that are applied to Listed Equity.
It has some maths in it, but nothing out of the world!
Read 13 tweets
22 Nov
You are an entry-level risk analyst at a financial institution working in investments/portfolio management?
What you need to do to make yourself relevant.
This thread is about that....
Dos and Don'ts of a #Risk Profession =>

Do not =>
1. Don't brag about your degree/uni
2. Don't brag about your mathematical skills
3. Don't brag about your academic knowledge
4. Don't brag about your being proactive compared to Audit or Compliance or any other back-office unit
Dos =>
1. Do bring yourself down to the level of those engaged in the front offices/sales, etc.
2. Do try to understand the Enterprise IT Systems, Enterprise and Business Architecture
3. Do integrate your silo with the ERM Program
4. Do always compare theory with reality.
Read 15 tweets
21 Nov
Always do study at a university which has an influential alumnus.
Networking helps more than anything else when you are looking for a job or an opportunity to undertake a startup.
Please, be mindful of the fact that degree is just a decorative sketch framed for the walls.
Listening to a speech given by Late #Lee #Kuan Yew,
where he was advising undergrads about the paths they should pursue in 1994.
For Mr Lee, the #Oxbridge epoch was well over back in the 90s.
The #Yanks and their universities dominate the global corporate world and job networks.
The most interesting aspect of this speech made by then Minister Mentor Lee was that he encouraged Far-Eastern Asian Students such as the Singaporeans to do a first degree in Electrical Engineering and later back it up with an Ivy League #MBA.
What superb advice it was!
Read 6 tweets

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