Friday, September 9, 2011

Intentions Don't Equal Results

Why even study economics?
1) Sense of wonder
2) Concepts are important
3) Knowing facts is important too

Isn't amazing how one can listen to music at the touch of a button? I mean it,
a) Collapses space & time
b) There are trade offs everywhere; 2nd order, 3rd order
c) Important facts are misunderstood...wish I was able to connect that better but still necessary to remember

Key: Intentions don't equal results (example, woodpecker worse off on endangered list because people don't want there backyards to turn into sanctuaries)

Is there enough $$ spent on education? Maybe. Maybe not. But not knowing the amount should mean something, right? People talk about concepts when they don't know the facts!  I mean, economics is not complex. Systems are. Economics isn't emotionally satisfying either, but we need to know the consequences of our decisions.

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