Meta Economics
At the age of 19, I took an econ 101 course. While taking this course, I had a realization:
this is the most important subject in the world.
almost nobody knows econ 101.
Econ 101 is basically like the laws of physics for resource allocation. It’s all about incentives, disincentives, game theory, decision making, human behavior, etc. I was surprised at how much of a pure science it really is. I thought, “what the heck is this doing in the business department and not the math department?” lol. No wonder so few people understand this subject.
There are a lot of other reasons too. In the next post I’ll explain the Economic Great Filter & how it filters out 98% of the population (even econ majors (especially econ majors)).
I have a feeling that good things will start to happen once enough of the right people develop their econ muscles. Why? How? I have some ideas but here’s a big one: in order to improve resource allocation, a natural first step is to allocate resources to the field of resource allocation.
yo dawg.