"Aiugh. My brain just broke.
How does a noob like me learn about these systems. I know it all probably makes sense to the learned. But with my folk (mis)understanding, these claims sound counterintuitive.
Thanks. "
don't worry, your intuition is right. you are on the right track when you say that your brain broke. you are more learned, or rather, more wise than those guys.
because a lot of economics is BS, a hotchpotch of some art, craft, heuristics, observations and formulae, pretending to be a science.
this is exactly why economics is known as "the dismal science", and why there is a saying that if you get 20 economists in a room and ask them the same question, you will get 20 different answers.
(italics mine)
I studied economics in high school for a whole year (11th grade). the course covered both microeconomics and macroeconomics. the Samuelson (MIT prof., IIRC) book was one of our text books.
I did well in class, was among the top few students.
I made some penetrating comments to which my teacher had no satisfactory answer. it was on a situation / question regarding OPEC (the oil cartel).
from that time on, and also from subsequently reading economics articles and news now and then, I could intuit and piece together the opinions that I stated above. :)
so, not to worry :)
How does a noob like me learn about these systems. I know it all probably makes sense to the learned. But with my folk (mis)understanding, these claims sound counterintuitive.
Thanks. "
don't worry, your intuition is right. you are on the right track when you say that your brain broke. you are more learned, or rather, more wise than those guys.
because a lot of economics is BS, a hotchpotch of some art, craft, heuristics, observations and formulae, pretending to be a science.
this is exactly why economics is known as "the dismal science", and why there is a saying that if you get 20 economists in a room and ask them the same question, you will get 20 different answers.
(italics mine)
I studied economics in high school for a whole year (11th grade). the course covered both microeconomics and macroeconomics. the Samuelson (MIT prof., IIRC) book was one of our text books.
I did well in class, was among the top few students.
I made some penetrating comments to which my teacher had no satisfactory answer. it was on a situation / question regarding OPEC (the oil cartel).
from that time on, and also from subsequently reading economics articles and news now and then, I could intuit and piece together the opinions that I stated above. :)
so, not to worry :)