An economist is someone who knows the value of everything and the price of nothing…
… and is still a Philistine. Economists are not Concerned Only with the Financial Value of Things:
… and is still a Philistine. Economists are not Concerned Only with the Financial Value of Things:
This entry was posted on Tuesday, March 3rd, 2009 at 11:58 pm and is filed under business. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
March 4th, 2009 at 12:56 pm
I think the main economic thing that needs to be resolved is how to base the economy on something besides making, buying, and selling ‘things’. Not that some of this isn’t necessary for survival, but we are told if we don’t “buy, buy, buy” than the economy fails. Yet, the catch-22 is, if we “buy, buy, buy” than we go further into debt and we consume the world’s resources at an unsustainable rate. We are told to save, but urged to spend at the same time.
I think there’s also a second problem, which is that the rate of progress far exceeds our ability to change with it. You invest in a ’system’ which is outdated before it’s even paid off…..
March 14th, 2009 at 11:22 pm
“If all the economists were laid end to end, they would not reach a conclusion.” I love that George Bernard Shaw quote.
How come the government economists now know how to fix the economy but they didn’t see this mess coming? They will just create an even bigger mess, imho.