The lens to look through in economics - Deepstash
The lens to look through in economics

The lens to look through in economics

Economic history can seem complicated because it's part of politics, psychology, sociology, criminology, biology, military, technology, education, finance, etc. But within all that complexity is a lot of similarities.

  • People seem to want the same economic things – security, power, admiration, fulfillment.
  • They tend to use the same tactics to acquire those things - work, risk, incentives, persuasion, theft, control.
  • They tend to fall for the same flaws pursuing those things - overconfidence, pessimism, underestimating how fast things can change, etc.

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summers_wdd

"Money does not guarantee success." ~ Jose Mourinho

Economics is also about the stories we tell ourselves

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