To understand that Economics is as much an art as it is a
science, I’ve constructed the following metaphor.
In order to be an artist and to paint pictures it is
necessary for you to know how to mix paint.
You must know that yellow and blue make green. However, this does mean you can paint a
picture. There is more to know:
Composition
Subject matter
Perspective
The effect of warm v. cool colours
And so on.
Now, many artists will simply fling paint against a canvas
and call it art. And, for the purposes
of this discussion, it may very well be art. However, it is not a picture.
Many economists do the same thing. Many economists fling paint against a canvas
and call it economics. It may very well
be art. However, it is not economics.
To further explain economics, without using equations and math
and without an historical dissertation about feudalism or the industrial
revolution, I created a metaphor. " A Primer in Economics--by metaphor." After
that, I wrote an article “Ascribed Value” or ridiculous consumption. Also, the very metaphorical "Limiting Demand." The links
are are contained therein. These articles are
written for those who are not economists.
And for those who are.
Warmest regards,
Slim
.
Copyright © 2015 Bob Asken
All rights reserved.
