studying the economy will drive you insane... -- Council of The Grey

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Date Posted: 18:48:50 08/09/00 Wed
Author: steve
Subject: studying the economy will drive you insane...

I don't know why I am sharing this, suppose I am a board economics student right now...

...anyway...people look at microeconomics as being harder to comprehend then macroeconomics, but really it isn't, when you look at things on a microlevel, the intragacies of a single market, it is complex yes, but really quiet simple, for the same theories basically repeat themselves with different variables and elements...

...however, when you start to piece tha market togther and start to look at it from a wider stand point, it is one hell of a maddening picture...

...when you first study macroeconomics, knowing little about the academic concepts of microeconomics, it is quiet simple, all various theories founded on logical assumptions, but as you learn micro and start to look back at macro, it become rather bewildering...particularly when then you start to fill in the many other things held constant varibales...afterwards...when examening how something effects the economy, say you havce five factors built into it...and you learn how each independently effects the grand scheme with the others held constant...then you learn how individiual markets act on a more indept basis...then you go back, turn on all the varabiles at once, and all your knowledge of independt markets, it just get ludicrous...

...particularly when markets with in one structured type of economy begin talking on various independent market structures of there own with in an economy...

...christ, I am simply babbling now...

shut up,
shut up....

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Replies:

Re: studying the economy will drive you insane... -- steve, 18:50:43 08/09/00 Wed