December 30, 2005
Interesting analysis of the value of "economic thinking" being much wider than any kind of professional application.
Allow yourself to be curious about the world, and to find the mystery in the mundane. Buying a cucumber at the local grocery shop, the shirt on your back, and the shoes on your feet are all fascinating subjects to explore using the economic way of thinking. Finding the hidden pattern in the buzz of daily life,... allow yourself to be amazed by the world around you...
Economics is the mind-quake everyone needs to make sense of the world around us, and on the basis of that understanding arrange our political, legal social and economic affairs so we can simultaneously achieve liberty, peace and prosperity.
That is, in Good&Happy terms:
What
is the principled and pragmatic behavior, based on accurate observation
& clear thinking & lively predictive empathy & the Nature
of Things as currently in expression, that will contribute to human
happiness?
Via Yet Another Really Great Blog, where another thread reminds us of Dymphna's "there hasn’t been this much brain power in one place since Thomas Jefferson dined alone."
A diverting gift book under the tree, Fay Weldon's autobiography, Auto Da Fay,
refers in passing to every elementary student's assignment sixty years ago, "A Day in
the Life of a Penny," following a coin through the journey of pockets
and exchanges. We are curious about how, and if, these things are taught now.
The principles of opportunity cost (with associated disequilibrium) and spontaneous order lead to our own "value-added life" enthusiasms and an eagle eye for the shapes and alliances always forming and morphing, the pattern in the carpet. That's what interests us, anyway. And readers already know we're v-e-r-y suspicious of proposals, demands, and compelling visions that do not acknowledge these principles, which extend to the very borders of human experience.
Initial link via Marginal Revolution
Comments