The fundamental problem of economics is that we can’t understand how the economic system works. This is why economists continue to study this subject, even though economics itself doesn’t seem to be a science.
The problem is that we dont understand how the economic system works. And the more we study, the more we cant understand.
The problem is that we cant understand how the economic system works. And the more we study, the more we cant understand.
Economists are experts on the subject. They study the subject because they can’t understand it. Because they cant understand it, its like they are the stupidest people on earth.
I think there are two major problems with how economists think. The first is that economists are often quite smart but also quite simple-minded. They think they know what they are talking about, but in truth they don’t. The other is that economists don’t really have an understanding of how the economy actually works. Even the most well-informed economists don’t talk about how the economy actually works.
Economists really really do talk about the economy. But they also tend to think in terms of black and white, linear, perfect, constant, and pure. But in reality, markets are messy and they are always changing. They are imperfect, cyclical, and subject to all sorts of external influences.
The problem is all of that stuff is just stuff that economists talk about because economists really dont know how markets really work. Economists dont know how the economy actually works, but they think they know everything about markets. But as economists get better and better at knowing how markets work, they find it harder and harder to make any new discoveries that they are not already sure about.
Economists have made so many discoveries that they are now completely useless. The basic problem with economics is that it is based on the assumption that the market is efficient and that the way the market works is perfect. That is not the way the economy really works. The way markets work is that there are a lot of participants in the market. There are a lot of people buying and selling things. In a perfect market, this would be the only participants in the market and there would be no problem.
So how is this problem solved? The fundamental problem with economics is that it is based on the belief that there is only one person in the world, the market itself can be perfectly efficient. In a perfect market, there would be no problem. But market efficiency is not perfect. So economics is based on the idea that markets are perfect and then use that to justify why the market is the best way to solve our economic problems. But this isn’t the case; markets are not perfect.
Economists tend to use the term “perfect” to be the best they can describe a market. However, markets are not perfect and its not what the market is that is problematic. The problem is not with the market, the problem is a few bad people trying to take advantage of it. And this is just one of the many ways in which economies are not perfectly efficient.
