What is it all about?

Our world has had many Utopians. Utopia means a perfect state and a utopian is one who aims to create a utopia.

A Utopian Socialist Society created by Robert Owen

We have had Plato advocate for a state run by philosopher-kings; we had the utopian socialists who tried to set up 'perfect societies'.

Plato teaching his disciples

But now, we laugh at  philosophers. Socialism has been tried and distrusted. Capitalism has once again depressed us in the form of The Great Recession and inequality.

Capitalism, Communism, Socialism, Anarchism, Imperialism.......
                                                                                                  but still no Utopia.

Which 'ism' will be next?

Which 'ism' will be next?

There probably will never be 'a perfect world'. But there can always be a better world. Any society where corruption and crime is rare, few people smoke or eat junk food, innovation is encouraged etc. is closer to a Utopian world.

And as you might have guessed, I am not going to side with any 'ism' in this blog. I am only going to be pragmatic and use a powerful tool to identify solutions to problems (big or small)...ECONOMICS.

Economics is often defined as 'the science of scarce resources'. But it is more than that. The common misconception among people is that Economics is only to do with money. But money is only ONE of the things which Economists study. I too was surprised when I learnt this.

 Economics is about human behaviour, individuals and peoples choice, society's wellbeing and a lot more also. In short, where there are humans (or aliens), there is Economics. And because of this, we can apply it to almost anything to do with humans.

About Me

I am currently in grade 10 in school. I am an Autodidact in Economics and whatever I have learnt is from books and the internet. I started this blog for many reasons...

1. It sounded fun to have an Economics blog
2. It will help me apply what I have learnt to the world
3. It will help me improve
4. It will give me a chance to hopefully teach others a little about Economics

Any feedback, comments and criticism will be welcomed. After all, one reason why I started this blog was to learn and improve.

P.S: Some of my posts will have a 'Utopian Objective' stated in the beginning like:

Utopian Objective : A world without corruption

Then, I will use data, common sense and Economics to see how we can achieve that objective realistically.