That college course began a love affair with economics. I never followed my professor's advice, but I never stopped being passionate about the subject. Maybe because I realized early on, that economics drives just about every decision we make, every action we take. We have finite resources, and how we choose to allocate them is what economics is all about.
If I buy one dress instead of another based on the price of each dress, it is an economic choice. My behavior is informed by my choice which is based on the finite resource of my bank account or credit card limit.
Don't worry that every Friday's blog is going to be wearisome. I hope to explore theories about economics I have developed over the years, and hopefully bring the subject to a discussion level where we can talk about practical things.
We are in a particularly bad place right now economically because of the choices we have made on an individual level as well as on a governmental level.
So let's explore and see where we can take this discussion. I welcome input on this one, because I am in no way an expert, just an interested student of the subject.
Sharon
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