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To: freedumb2003; central_va
Economics is not rocket science. It isn’t that hard to understand supply and demand.

There's a simple way to teach economics. Go back to the days of cave men. Tell them they are free to do anything they want other than stealing from or hurting/killing each other. And no one can force them to do any thing. They will end up recreating economic theory.. free of liberal bs..

136 posted on 02/13/2011 5:53:54 PM PST by libh8er
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To: libh8er

>>There’s a simple way to teach economics. Go back to the days of cave men. Tell them they are free to do anything they want other than stealing from or hurting/killing each other.<<

That is sort of my point. They won’t “recreate economic theory.” What they will do is create an economic model. Economic theory provides tools to defined and describe the model — and to some degree predict the results of the implemented economic model.

But you still need those tools, just as you need mathematical tools to describe relationships. You can’t say something is twice the size of something else without the mathematical toolset of arithmetic and the specific tool of multiplication.

For someone to come along and say “well, I know economics because I spend money and work” is like someone saying “I can tell Item A is twice the size as Item B” without the ability to multiply.

This is merely about knowledge.


157 posted on 02/13/2011 6:08:38 PM PST by freedumb2003 (The TOTUS-reader is a Judas Goat, leading the American sheeple to the slaugherhouse /Parmy)
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