The time has come for economics to take a backseat to other more newsworthy news, at least until something new happens. How is it that the same old issues that have plagued the nation continually, although truly they have become increasingly irritating, have managed to block out all other news that might be of interest to the general public? Every time you turn the news on, it is about some economic issue that will never be realistically solved, completely, so why is it of such an immediate concern to everyone?
Newsworthy economics cannot really exist, because economics are as innate in our culture as culture is itself. Anytime there is a newly gathered group of people over time, there will be a culture, and an economic structure to the burgeoning society. So, for something inherent in our cultures and societies like economics to change, or be interesting in a new way, is unlikely. Old issues may re-present themselves as new issues, new critics may discuss old problems with new perspectives or insights, but nothing else changes.
Why doesn’t economics change? It is the foundation of our financial lives, and it is our response to being laid-off or promoted with regards to our spending and saving habits, and it is a way of understanding how wars affect spending, hiring, and trading practices nationally, and internationally. How can an entire paradigm of understanding ever change enough to be newsworthy? It simply cannot.
People who enjoy economics blogs, radio programs, televisions shows, and periodicals, these are people who like to experience age-old tales re-told in new settings; they are lovers of nuances. If you understand basic economics as a field, you will never be surprised by the latest happenings in economics news. Nothing is new in the world of economics, and nothing, therefore, is newsworthy.
Tagged with: Economics
Filed under: Uncategorized
Like this post? Subscribe to my RSS feed and get loads more!