The economy is a man-made invention.It all started with the concept of managing money.Back in the mid 1400's,there was this Italian guy called Pacioli,he luckily lived in the same time as the great inventor Leonardo Da Vinci.Now,Pacioli was a shrewd guy in Florence.If memory serves me right,he ran a fruit market in Florence.Back then,Pacioli had to deal with cash in his pocket but when he started expanding,he realised he needed to keep tract of profit-loss to safeguard the interests of investors.This was the start of FINANCE.Finance has remained a rugged subject ever since,the principles stayed the same.Economics,in my view evolved from this micro-scale money managing to a more macro-scale view of the market.Economics and finance seem to go hand in hand when you come to think of it,but anyway no one wants "to go deep into audits "if you know what i mean :p).
I have no degree in economics,my first intro to economics came when i was working on multivariable calculus,there's something called the 'LAGRANGE MULTIPLIER METHOD' and its a swell way to calculate the local maxima/minima for a function subject to some constraints.SOUNDS LIKE GREEK,well don't bother,mathematicians call this RIGOROUS.So yeah,this sweet French sounding method is used in Economics too."Oh!Cool,now i can get a job which pays as a mathematician", i thought.So,i decided to question economics students,but unfortunately i lived in a shitty environment and had to resort to the virtual world of internet.That's when i started to learn how interesting economics really is,and as a compliment,you get to learn how to make money too!There's the thing with how the reserve bank handles stuff,i wanted to become the governor of the Reserve Bank too at some point(I want to be everything),and its a very complicated thing those guys do,they are literally playing around with people's lives.
'Luca Pacioli,a shrewd guy seen here pointing at the proportions of an inscribed triangle',i guess.
I have no degree in economics,my first intro to economics came when i was working on multivariable calculus,there's something called the 'LAGRANGE MULTIPLIER METHOD' and its a swell way to calculate the local maxima/minima for a function subject to some constraints.SOUNDS LIKE GREEK,well don't bother,mathematicians call this RIGOROUS.So yeah,this sweet French sounding method is used in Economics too."Oh!Cool,now i can get a job which pays as a mathematician", i thought.So,i decided to question economics students,but unfortunately i lived in a shitty environment and had to resort to the virtual world of internet.That's when i started to learn how interesting economics really is,and as a compliment,you get to learn how to make money too!There's the thing with how the reserve bank handles stuff,i wanted to become the governor of the Reserve Bank too at some point(I want to be everything),and its a very complicated thing those guys do,they are literally playing around with people's lives.
If your'e not a mathematician,just sit and observe the beauty of this colorful paraboloid.What else could you possibly do eh?Just Kidding.You see,the Reserve Bank can literally create money out of thin air,they do this by just typing in some numbers into a computer.Then,they can also decide to take-in bad loans that banks have,or they could keep the exchange rate at a value they like(what CHINA does today)or they could decide how the trade amounts etc etc.Super tired now!
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