Understanding Economics: A work of science fiction
Understanding Economics: A work of science fiction
With the help of aliens, androids, Dr. Spock and Darth Vader, Understanding Economics: A work of science fiction takes an in depth look at the factors that make economics so difficult to understand and explain and, aware of these limitations, tries to explain them anyway.
THE FIGHT
It might not seem apparent as we sit quietly on the bus, do our taxes or wait patiently in line to order our coffee, but the foundation of the human economy is an organism whose ancestors have scavenged, fought, killed and died to enable us to come into existence. This organism, with all its fears and desires, strengths and weaknesses, remains at the centre of economics today.
FAITH
Without faith we are nothing - but not in a religious sense. Without faith in each other, in our institutions, our governments and our financial system we would literally have only a fraction of the wealth and comforts we enjoy today. We might sometimes fantasize about a post-apocalyptic world with no rules, where we're left to our own resources, but in reality, most of us wouldn't even survive.
THE MACHINES
Forget about the impending AI apocalypse, the machines rose up and took control a long time ago. Our institutions are a technology of our own making that control our lives and our economy in ways that that we have much less control over than we might like.
CHAOS & CONTROL
An economy is a precarious balance of chaos and control. When chaos reigns we lose the benefit of people working together to solve their problems. Excessive controls constrain the experimentation and variation through which an economy and its participants come up with new and highly effective solutions to its problems.
NO SUPERHEROES
There are no superheroes who can save us. There aren't even superheroes who can consistently
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With the help of aliens, androids, Dr. Spock and Darth Vader, Understanding Economics: A work of science fiction takes an in depth look at the factors that make economics so difficult to understand and explain and, aware of these limitations, tries to explain them anyway.
THE FIGHT
It might not seem apparent as we sit quietly on the bus, do our taxes or wait patiently in line to order our coffee, but the foundation of the human economy is an organism whose ancestors have scavenged, fought, killed and died to enable us to come into existence. This organism, with all its fears and desires, strengths and weaknesses, remains at the centre of economics today.
FAITH
Without faith we are nothing - but not in a religious sense. Without faith in each other, in our institutions, our governments and our financial system we would literally have only a fraction of the wealth and comforts we enjoy today. We might sometimes fantasize about a post-apocalyptic world with no rules, where we're left to our own resources, but in reality, most of us wouldn't even survive.
THE MACHINES
Forget about the impending AI apocalypse, the machines rose up and took control a long time ago. Our institutions are a technology of our own making that control our lives and our economy in ways that that we have much less control over than we might like.
CHAOS & CONTROL
An economy is a precarious balance of chaos and control. When chaos reigns we lose the benefit of people working together to solve their problems. Excessive controls constrain the experimentation and variation through which an economy and its participants come up with new and highly effective solutions to its problems.
NO SUPERHEROES
There are no superheroes who can save us. There aren't even superheroes who can consistently
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