(FB 1551449375 Timestamp)
ECONOMICS IS THE STUDY OF PEOPLE
by Stephen Thomas
(mutliple quotables in this one)
Economics is not really the study of money or financial systems. It’s the study of people and groups and the behaviors of each/both.
The more I have studied it. The more I realize. I am not learning about anything other than people. The People are the market.
Markets in everything is not how we want it to be. Markets in everything is how we already are without externals forcing to be behave otherwise.
Need(desire) > Incentive(demand) > Motivation > Action > Result(Failure/Success) > Need(desire)
This seems to be the cycle of nearly all human actions.