We are done with around half the course so far. In trying to understand how the world works, we looked at the world as it exists today through the lens of economics. There are multiple ways of looking at the world — historically, socially, culturally, geographically, scientifically, and so on. Why the focus on economics then? The trivial reason is that economics is the primary tool I have to explain the world.
The less trivial reason is that economics is the singular discipline that comprehensively explains how the world of humans works and why it works this way and not another. The hard sciences do a great job of explaining the world of inanimate matter. Economics explains the way the world of humans works. Continue reading “The Economic Story so Far”