Tuesday, May 15, 2012

Economics Explained

I used to teach economics for a living, not such a long time ago.

It was mostly introductory economics, although I taught some specialized courses as well. And teaching those courses, particularly the former, led me to realize that there is no freely available, easily accessible online resource that serves as a good introduction to various aspects of economics.

Sure, there are textbooks aplenty (some funnier than most), and sure there are books that do a very good job indeed of introducing the subject in plain simple English, but they are not as broad, all-encompassing and topical as a blog can (in theory!) be.

The purpose of this blog, then, is to fill that lacunae. It is to explain economics.The idea is to explain different concepts in economics by writing about them, and by applying these concepts to current events in the world around us.

Not that there aren't blogs that fulfill such ambitions already, of course. In fact, one might quite successfully argue that there is a surfeit of them.

How then, is this blog any different? Well, for the first part, maybe it isn't. It is my take on economic theory and its application, and where there a million blogs on the subject, what's one more?

For the second part, I'd like to think it is different (wouldn't we all?). It is different in the sense that my primary endeavor will be to explain economic theory , and that in as simplistic a manner as possible. Anybody who has had no formal training in economics whatsoever should be able to understand any post on this blog without using anything more than her grey cells. Or at most, by clicking through to other posts on this blog.

Too ambitious an aim, perhaps?

Well, we shall see.

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