I enrolled in a top-ranked MBA program at UCLA but my economics professor was a horrible instructor and I was told that I had to take that class with THAT professor. But I decided that was simply not acceptable so I went to another professor teaching the same course and asked if I could enroll in his course. He agreed and I made the transfer. That course changed my life. I learned that prices and wages were set by supply and demand in the market, NOT by greedy bosses and corporatists. And this process prevents inefficient surpluses and shortages, which is why market economies have been the ONLY successful economic system in ALL of human history. Every wage and every price is a FAIR wage/price if it's accepted by workers and consumers. If it wasn't, they would find a better one elsewhere.
Understanding economics helped me to acquire $40 million by age 55 and retire. It's sad that this isn't taught to everyone.
