Why Economics outwits almost every subject


Economics, the law of the universe.

From day to day life, economics is always evident. If you love coffee, you may go and get a latte from your local coffee shop; walking to the shop, paying your coffee and perhaps also a croissant. Although you may not even notice economics in the process, even the simplicity of terms within economics has just been carried out. The coffee shop supplies coffee for people who demand it and it this case, your very self.

In a society of indefinite politics and indefinite thinking, economics will always be an aspect which is definite. It cannot be swayed by any external forces, such as the like of politics which is majorly opinionated; whether politics is right or wrong is another question which others may feel free to write about.

I can almost tell you with a buzzing mood of confidence that you carry the law(s) of economics within every second of your life. And although you may wish to strongly disagree with me, you can never disagree with the law of economics.

Economics makes things happen

It is inevitable to prevent the law of economics to carry out its business. The law itself is set in stone, allowing riches to be made and success to leap out of depression. Economics is the study of how the world interacts with people. It is the study of how decisions can create consequences or results, preferred or even unpredicted, to different parts of the population.

A common mis-perception is that economics allows self-interest and the selfishness of others to dictate how people live. This is certainly not true. Self- interest is good and only a few percent of society is "selfish" and thus, it is false to believe in such a statement. There is little to no harm in people acting based on what interests them.

Edmund Conway best explains this through the idea that a successful and sustainable society is built up upon the self-interests of all in that specific society. Thus, explaining the significance of economics in the world. Free markets. Riches. Capitalism. These are all the consequences of the ideas of the population coming together and seeking what they want and need.

So how does it outwit the other subjects?

The law of economics is an everlasting power which "reigns" the universe, regulating processes, transactions and the movement of people. It dictates what can be done and what cannot be done. It is a mistake to compare such to the opinion-indulged subject of politics and the uncertainty of human biology

Economics, stripped down to its core, can be summed up in three words. Cause and Effect. Highly evident throughout history, the present is considered to be the result of a list of cause and effects which have occurred during the past. But even economics outwits history...

If it is history’s job to tell us what mistakes we’ve made over the past, it is up to economics to work out how to do things differently next time around.
— Edmund Conway