Everything has a beginning. Here's ours (online). Part of this blog's purpose is to discuss day to day issues in the overall economy between GDP meetings (usually every thursday during the school year), but I mainly see it as an avenue to further the mainstream appeal of our subject of interest-Economics. It seems that in general, there is little appeal for the public to have a basic understanding of Economics. Our objective is to not only address our interests in discussions of economics, but the overall issue of a public veil of ignorance on the subject. We encourage readers for their input, as well as furthering the understanding of economics in their community. Our community is Ball State University. As a proud member of this community, I hope our discussion of economics can better our community- in that with understanding of these principles, many subjects can be put in perspective. That said, I hope all readers will garner not only understanding, but the same fascination and passion for econ that I've had since my first class.
Here's to scarcity.
James
President of GDP
3 comments:
In response to "Here's to scarcity", I would add: here is to the invisible hand that has given rise to a tremendous about of wealth and prosperity in countries that have institutions that allow it to operate it. Many Econ texts begin with a sentence of this sort: "Economics is THE economic problem". I have always thought that this is too dismal a way to introduce the so called "dismal science." Adam Smith in 1776 did not title his book: The Problem of Scarcity. No his focus was upon something that almost everyone it interested in: "An Inquiry into the Nature and Causes of The Wealth of Nations."
I've heard of that phrase before -"dismal science." Though this perhaps reflects the reality of things, I've found it refreshing. Embrace this reality and we prosper. Though in the long term this is often the case, idealism seems to put further roadblocks in the way to prosperity.
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