I've been thinking of starting a blog for quite some time as I've grown weary of the divisive nature of social media. My entire adult life has been associated with economics, either in the classroom, or applied in a business setting. Recently, one of my economic colleagues, after reading one of my FB economic treatises, suggested I start a blog. So here goes...
As this is my first post, I can't help but share some wisdom from one of my "economic heroes." I've used this interview in almost every economics class I've taught over the past 30 years. Note the questions from Phil Donahue -- entirely relevant to today. That's the beauty of economic theory -- it is timeless.
As an economist, everything I read, and see, is viewed through the "lens" of economic thought. My family is tired of hearing the term "opportunity cost," but by gosh they now understand it (more on that idea later). My goal is to simply look around and apply basic economic theory to what I see. I intend to do this in a serious, yet intuitive manner. I'm sure you'll let me know if I'm succeeding...
Well congrats on starting it. I'll spread the word.