A study in economics

At university I was great at economics, terrible at finance and accounting classes- which I always suspected was because I am more theoretical in my thinking instead of practical. It isn't that I couldn't do the practical, but my memory refused to retain what I needed when I needed it.

I think that a lot of the economic issues of the world stem from a lack of education where while people act in the economy, most of the mechanics are blind to us. Also, economics is boring.

It is funny how we are encouraged to entertain ourselves with useless and ignore the boring, even though that boring thing has a fundamental impact on our experience in this life. I see it as a control mechanism to be able to divert the collective attention away from economic control mechanisms. What we end up doing is relying on others to make the decisions and then complain when the decisions made don't suit us.

What is great on Steem is that while imperfect, everyone not only takes part but pretty much everyone learns something of the economics of the platform. In so doing, they also learn about the economics off the platform which gives greater insight and chance to affect personal change in the walking world.

While Steem doesn't teach, participation almost guarantees that learning takes place in a much more transparent and immediate setting at practical levels. For me, this is education more as it should be when it comes to the understanding of economics.

Even here though, economic discussion is boring until the emotions come into play, same as the real world. People will protest in the streets against economic change they do not understand at a deep enough level yet will not spend the time to even try and learn. The protest is part of the diversion of focus away from the topic at hand, the protests have become entertainment for many. The feeling of doing without the sensitivity for practical change. Everyone loves some drama.

The thing with economics is that it does run on emotions, sentiment, behaviour - game theory. Understanding the nature of people is a necessary component for decision makers. It is also important to understand our own behaviour as participants. Emotions often get in the way of seeing clearly the factors of influence and make our decisions less effective.

I like Steem. It is an interesting place.
Now I have to go to IRL work.

Taraz
[ a Steem original ]
_{(posted from phone)}