Economics and Middle East Studies

Economics is a subject that really relates to core aspects of human well-being, and there’s a methodology for thinking about these things. This was a very appealing combination to me. Market systems are capable of massive breakdowns that can result in long, devastating periods of high unemployment. And I felt that economists had really learned something about how to address that.

The field of economics is not exempt from the consequences of chaos and complexity. Marketplaces are indeterminate; value is subjective; and outcomes are subject to interpretation. Economic forecasting is just as nebulous, being based on the probability of statistical information that may or may not be accurate.

[P]olitics in the Middle East isn’t as personal as it often is in the West, in part because Middle Easterners are accustomed to having their politics dictated to them by the powerful. Politicians are usually above accountability and beyond control of the people. They assume that’s how it is in the Western countries as well.