Hope 101 by Peter Radford

Good post in Real World Economics this morning from Peter Radford (an economist): fundamental rule in studying economics: never do it without studying economic history.

from Real World Economics: Hope 101?
April 23, 2016
from Peter Radford
“A nice way to end the week:
I overheard a conversation between two high school students this morning.
The first person was asking about which classes the second was going to take next. One of those mentioned was microeconomics.
“Oh, that’s easy” said the first, “You just have to remember that its all rubbish – they want you to believe that people are rational, and that there’s all this perfection in the world.”
“Really?” responded the second, “That’s really dumb. I wonder why they do that?”
“It doesn’t matter, it’s economics”
“Well maybe I’ll take history instead, at least I might learn something useful.”
And, yes, this was the conversation.
A small ray of hope?”

About creativeconflictwisdom

I spent 32 years in a Fortune Five company working on conflict: organizational, labor relations and senior management. I have consulted in a dozen different business sectors and the US Military. I work with a local environmental non profit. I have written a book on the neuroscience of conflict, and its implications for conflict handling called Creative Conflict Wisdom (forthcoming).
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