The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.
Sentiment: NEGATIVE
I've felt for some time that economics needs to be taught differently by economists who actually have had experience making a payroll or investing on Wall Street. When economics is taught by pure academics, watch out.
In human life, economics precedes politics or culture.
Economics is a subject profoundly conducive to cliche, resonant with boredom. On few topics is an American audience so practiced in turning off its ears and minds. And none can say that the response is ill advised.
Economics is a strange science. Our subject deals with some of the most important as well as mundane issues that impinge on the human condition.
Too many people think that economics is this subject that should wait until the university level. But it can't wait that long.
Economics is mostly how humans rationalize who gets what and why. It's how we instantiate our preferences about status, privileges, and power.
Economics is a subject that does not greatly respect one's wishes.
Economics has become as riveting as politics.
I went into the sciences very early on, but to me, economics pervades so much more of our lives and our existence.
People want to think of economics as a natural science, like physics, with the comforting reliability of simple-to-understand theories like F=MA. Unfortunately, it isn't. Economics is a social science, and the so-called theories are really social and moral constructs.
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