Posts tagged economics
Economy of Choice

In my very first Econ class in undergrad, the professor asked us what economics was about. “Money,” we answered. We were wrong. “Everyone thinks economics is about money,” he said, “but it’s not. Economics is about choices. Choices are what drive economies, not prices.”

That lesson marked the foundation of my economics major. And he was right. The price is often the last piece in the puzzle, not the first.

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