Economics (1) Life

This is the beginning of a new thread, economics. I see it as a study of life as seen through a filter, a defining filter. The patterns that show up when looking through that filter are both interesting in the abstract and relevant to directing our subsequent behaviour.

Distilling all human existence down to its most basic shows that our lives are a long series of transactions or conversions. We have a steady increment of time, we get one second for each second, such a trivial and obvious pattern. We have muscles to animate ourselves and have an impact on our surroundings. We have a series of needs, such as: food, drink, shelter, warmth, cooling, comfort, and safety. We use time and our muscles, in fact our whole bodies, to satisfy our needs. Of course, we have learned to use our brains (our minds) to increase our efficiency at getting satisfaction for the our expenditure of time and effort. We have learned to seek the maximum satisfaction for the minimum time and effort; this is the essence of economics.

Life is much more than can be seen through the filter of economics, but all the other pursuits depend on having resources beyond what must be converted (consumed) in order to sufficiently satisfy those needs on which we depend. This leads to a relationship, a pattern, of greater economic efficiency enables greater production of all esthetics, or in other words “economics funds the arts”.

Author: protin

A futurologist (madman) using systems analysis techniques to try to be prepared.

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