pic Economics for all: October 2008

Saturday 18 October 2008

Successful approach to Development Economics

This approach implies a judicious mind, there has to be a balancing of market pricing and promotion where markets can operate efficiently with intelligent and fair government intervention in areas where market forces if left un checked would reduce economic growth and make society worse off.

Sunday 12 October 2008

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Friday 3 October 2008

Why is economics central to an understanding of the problems of development?

I think because the development of a country depends upon economic factors and so you can only understand how a country is developing if you know about how the economic factors are and how the factors change. Many problems of development stem from a lack of money and economics is all about money so the two areas of development and economics are related. Problems of development are like not having enough money, which means too much poverty and high unemployment rates and these aspects of the problems are central issues in economics and so economics teaches us about problems in development and so we can better understand these problems principally by looking at economic factors that define the problems. Its mainly money at the centre of economic problems or a lack of money and so it is effected largely by how money is distributed among people and for what purposes money uses which are central issues in economics. I suppose you can’t understand unemployment as well as an economist understands unemployment because economists look at unemployment all the time and pay very close attention to it so economists are very good at understanding economic development problems for this reason and probably other reasons. Furthermore economics is a social science and is concerned with people and economic development problems also stem from people so these fields are related and understanding the one helps you better understand the other because you can build up a bigger picture.

Wednesday 1 October 2008

Socialism

The social party is ridiculous because they want a world in which there are no wars and no poverty but because of our economies there will always be poverty and because there are men there will always be wars.
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