What Is A Sure Way To Get Rich In The Current Economy

1. In what primary way is the current Distribution of Income a BENEFIT to our economy and to our society ?

To the extent that it is proportionate to the distribution of economic value created by individuals, it is a benefit in that it maximizes the efficiency of resource allocation.

Survey: What economic philophopsy makes the most sense to you ?

Mixed economy.

Every hear of the ol' maxim of 'moderation in everything'.
We need the free market because it encourages investment, innovation and competition. But it can't be allowed to it's own devices or eventually there will be one top rooster that will rule the roost.
There has to be rules and limits to capitalist behaviour or the we get too far away from the perfectly competitive market.

That's governments job. To regulate the 'game' of the market and make sure that natural monopolies play nice. It also has a job to balance out the power of business versus the rights of the individual. It has to provide the cooperation of society to balance out the competition of the market.

We can have rich and we will always have poor, but having the super rich and the destitute is a split society that we should stay away from if one wants a stable society.

Peace

Should I study economics?

It sounds like we're in a similar boat. If political science interests you then so will economics. It is a largely political subject in the real world so your BA would be highly complementary to an economics qualification. The only truly difficult maths in economics is econometrics which can be avoided. I'm not great at maths either but I finished an Economics BA last year and have 10 months left on my Corporate Finance MA. A PHD won't earn you the kind of money you're talking about unless it's specifically targeted towards large financial institutions or markets. I do have a friend who completed his Economics PHD specifically on banking and trading and now he makes a fortune, but most PHD's are too theoretical or too advanced for employers and won't give you any advantage at all in the corporate world. I did some work for a recruitment agency a couple years ago and I saw the countless PHD's without jobs (although many of them were international students lacking communication skills).

BTW my MA is just 18 months full time so I'll be 25 when I graduate instead of 27 if my course was 3 years. At the end of the day it's the qualification and the grades they look for, so you should save yourself some time and find a condensed MA. Often, they're not so much concerned with what you've learned as much as your ability to learn, so even a shorter MA gives you plenty of time to prove yourself with strong grades.

I think broadening your skills in the corporate direction is a wise choice, so an MA of economics with a practical touch like banking or finance as a major. This would make you much more likely to gain employment in the areas you mentioned. At the rate you're planning you might not get into your dream job for another 10 years, because an MA of political global economy doesn't have enough practical finance to use in foreign exchange trade. Although it might get you on the way to being an economic advisor. They are extremely different roles so you should choose one now and solidify your goal. In either case, If you aspire to be upper management one day, being an expert in one area will not get you there, so I'd just use the political BA as a base and expand your skills.