By Haynes Goddard

Haynes Goddard is an environmental economist and Professor of Economics at the University of Cincinnati who finds humor in most of life's dimensions. This little theorem has been around for some time, but cried out for more intellectual respectability, i.e., a more formal title and mathematical form.


For centuries, generations of philosophers and social scientists have studied the sources of income inequality in human society. Finally, a major breakthrough in the form of a mathematical proof of a fundamental truth, long suspected by millions of laboring individuals, and now shown rigorously. Theorem: It is impossible for engineers, scientists and the professoriate to earn as much money as business executives. Proof: Postulate 1: Knowledge is Power. Postulate 2: Time is Money. As every engineer knows, Since philosophers and economists have amply demonstrated that Knowledge = Power, and Time = Money, we have via substitution, Solving for Money, one…