I hope you think that I am an acceptable writer, but when it comes to economics I speak English as a second language: I think in equations and diagrams, then translate.
— Krugman (1996): Economic Culture Wars in Slate
I sometimes get the question: Why do I have to learn algebra? Followed by the statement: I’m never going to have to use it again. My response is that it’s a bit like learning to read; you can survive in society being illiterate, but it’s not easy. The same goes for algebra, but it’s a little more complex.
Paul Krugman argues for the importance of algebra for anyone thinking about economics, the economy, and what to do about it. Even at the basic level, economists think in mathematical equations and algebraic models, then they have to translate their thoughts into English to communicate them. People who are not familiar with algebra are at a distinct advantage.
There are important ideas … that can be expressed in plain English, and there are plenty of fools doing fancy mathematical models. But there are also important ideas that are crystal clear if you can stand algebra, and very difficult to grasp if you can’t. [my emphasis] International trade in particular happens to be a subject in which a page or two of algebra and diagrams is worth 10 volumes of mere words. That is why it is the particular subfield of economics in which the views of those who understand the subject and those who do not diverge most sharply.
— Krugman (1996): Economic Culture Wars in Slate
P.S. In the article, he also points out the importance of algebra in the field of evolutionary biology.
Serious evolutionary theorists such as John Maynard Smith or William Hamilton, like serious economists, think largely in terms of mathematical models. Indeed, the introduction to Maynard Smith’s classic tract Evolutionary Genetics flatly declares, “If you can’t stand algebra, stay away from evolutionary biology.” There is a core set of crucial ideas in his subject that, because they involve the interaction of several different factors, can only be clearly understood by someone willing to sit still for a bit of math.
