Day 47: The Economic Problem - Part 2

I forgive myself that I have accepted and allowed myself to have created an economic system which causes problems – and then make these problems one of the basic principles of economicsI forgive myself that I haven’t accepted and allowed myself to see and realise that the ‘economic problem’ is not really a problem, and not even an economic one – but a human problem as we’ve designed the economic system in our image and likeness – and since we’ve...

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Day 46: The Economic Problem

Within the field of economics, no matter what issue or subject is being discussed – there is always some sort of trade-off involved. Since economics is defined within the context of unlimited wants with limited means/resources – choices require to be made. Within that, humans are studied in terms of how and what they choose among limited options to maximise their happiness.Within economics, resources are categorised within three types:1)   ...

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Day 41: What is Economics – Part 2

See Day 40: What is Economics? For context I forgive myself that I have accepted and allowed myself to believe that ‘economics’ is synonymous with ‘capitalism’ I forgive myself that I haven’t accepted and allowed myself to see and realise that economics has got to do with three basic question: what should be produced, how should it be produced and who gets to consume what is produced – and thus any system answering these questions can be considered...

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