Then stop asking questions.
LOL, this doesn’t make sense. Saying “knowing more isn’t always better than knowing less” doesn’t imply that I shouldn’t be learning some things and asking questions. If you think this question/thread is stupid, that’s totally fine – nobody is forcing (or even asking, for that matter) for your input.
But most small business owners do not have much free time. It is not unusual for a small business owner to put in upwards of 80 hrs a week running thier business. So time is at a premium. So the reality is most likely that you will not have time to do all you want to do.
That is a solid point, and I actually do realize that running a business is fairly time consuming. By the way, I’m not just interested in how it might help run a business, but also in working for one – such as how helpful it might be in the marketing department or strategy department.
What they do understand is the field in which they work, the markets they serve, how to interpret financials, and how to manage money.
Also a solid point.
By the way, I’m not just interested in how it might help run a business, but also in working for one – such as how helpful it might be in the marketing department or strategy department.
Again, I just feel that just because you understand how the broader economy works and your (or your businesses) place in it is only of marginal use. Your job will be very specific. Which means that the skills and knowledge that are required to do your job well will be very specific.
In my opinion the most important thing you get out of understanding free market economics is understanding the real driving force behind politics and government. None of it is really about making us better off. In fact they have no way of knowing. Its about power and money. Its about enriching themselves at the expense of others. While the free market is enriching yourself while also enriching others.
There is also just the simple satisfaction of learning and understanding the world around you. But who cares about that.
In my opinion the most important thing you get out of understanding free market economics is understanding the real driving force behind politics and government. None of it is really about making us better off. In fact they have no way of knowing. Its about power and money. Its about enriching themselves at the expense of others. While the free market is enriching yourself while also enriching others.
Yeah, that seems true from my experience.
There is also just the simple satisfaction of learning and understanding the world around you. But who cares about that.
Just to be clear, that is my only motivation (anything else would just be an added benefit). Honestly, I can’t stop reading AE lately (and “mainstream” econ before that). Often times, I know I could be doing something more practical with my time, like continuing my job hunt and preparing for interviews, but I find this stuff so interesting, that I’ll spend hours reading it just out of pure enjoyment.
Studying finance will help you more in the business world than studying economics.
Studying finance will help you more in the business world than studying economics.
I’ve actually been studying finance too. A lot of finance is based on “mainstream” econ though. Just curious if some people here think there’s a lot of problems in the finance discipline too?
but I find this stuff so interesting, that I’ll spend hours reading it just out of pure enjoyment.
If this is so then you need no other justification.
If this is so then you need no other justification.
I know, that’s why I put in the OP that I wasn’t really looking for justification – rather I’m just curious.
If this is so then you need no other justification.
I know, that’s why I put in the OP that I wasn’t really looking for justification – rather, I’m just curious.
Praxeology will.
Dave, don’t quote me out of context.
Day late and a dollar short, you’ll have to do better next time Brian.
What does it imply?
You’re right, nobody is forcing me. Unlike the folks who are here to serve hot cocoa and hugs, I’m giving you straight answers.
I’m sorry that what I am saying doesn’t make you feel wonderful about your chances as a businessman.
for a general investment outlook in a succinct form i like steve saville. in fact his archives are a treasure-trove of sound investment analysis, by a practitioner who is thoroughly grounded in austrian economics.
What does it imply?
Knowing more isn’t always beneficial doesn’t imply that knowing less is always beneficial, right? So, when I said “knowing more isn’t always better than knowing less” the only thing it implies is that “knowing more isn’t always better than knowing less” as opposed to your response, which indicated that my statement implies that “knowing less is always better than knowing more.” Seems like a strange comment for someone who’s studied AE, because I was under the impression that they really stress verbal logic (and that was clearly a logic fail).
You’re right, nobody is forcing me. Unlike the folks who are here to serve hot cocoa and hugs, I’m giving you straight answers.
By “straight answers” I guess you mean opinions.
I’m sorry that what I am saying doesn’t make you feel wonderful about your chances as a businessman.
Actually, it doesn’t make me feel anything. How on earth would you know my chances? Why should your opinion have much control over my feelings?
You didn’t answer my question. What does it imply?
I would think that any knowledge of economics would help out. Like the other guy said the boom/bust cycle stuff could be useful. The sure knowledge that government interference will consistently increase seems useful. I’m sure a lot of people make bad calls on wishful thinking about that.
You didn’t answer my question. What does it imply?
Sorry, I thought it was obvious; I’m saying it doesn’t imply anything. You tried to say it implied something, but I don’t think it does. Sometimes it’s better to know more, other times it’s better to know less; it depends on the situation. Feel free to correct me if I’m wrong. I really don’t know why we’re arguing about this, nor why you jumped all over me for my statements.
Is it better to know less in order to know if it is better to know more or less, or is it better to know more about whether it is better to know more or less?
I’m like the crazy Chinese mother.
Is it better to know less in order to know if it is better to know more or less, or is it better to know more about whether it is better to know more or less?
Oh man, it’s getting confusing. If we tack a few more loops on it, it’ll be really confusing. You’re right though, it is better to know more on the subject of how knowing more isn’t always better than knowing less. In some topics though, it’s still better to know less.
I’m like the crazy Chinese mother.
Haha! Yeah, I read that earlier.