I'd be an economics teacher. I'd love to teach High School and/or College economics. Since this is my own fantasy land, I'd be able to set my own curriculum. 1. Why do we work? (Jobs, Businesses, and the individual economy) 2. What is wealth, and how do I get it? (Saving, investment, real estate) 3. Is it supposed to be like this? (Capitalism, Government, modern political economy) 4. Systems Design (If you want to ch…
Economics 101 seems completely useless as taught, but it's just there so people understand the jargon. Unfortunately, it's often a general elective so that foundation wasted. So, I can see plenty of ways to make it useful. What is wealth? Things people want. Money = wealth not because it's directly useful but because people want it so you can trade it for things you want. Why do people want Money? Taxes, and loans. I…
Common people should know the philosophy which shaped the government thinks about their lives and productivity.
Yes econ is not a true science, because it is mostly conjecture supported by handpicked data, but at the same time, it is the only template we have created to think about the complex interactions in the competitive marketplace.
The power of the competitive market is the foundation for all capitalist action, economics is a way to understand how markets intersect and interact.