Free Download Understanding Economics: A work of science fiction by Dan Hicks
English | November 29, 2022 | ISBN: 0645667226 | 225 pages | MOBI | 1.36 Mb
The human economy might be the most complex thing in the known universe. It is comprised of millions or billions of self-directed human beings, their technologies, and institutions, each continuously acting and interacting within an already ridiculously complex natural world. To navigate this complexity, economists, like science fiction writers, must start with what they know and try and fill in the many gaps in their knowledge with calculated guesses, conjecture, and a little bit of fantasy. In fact, it is when we forget how complex the economy is, when we are confident without justification of the impact our changes will have – that’s when we tend to really mess things up.