One of the first things you’d learn on the inside of an economics class is that it assumes us humans to behave rationally- aka like super intelligent beings who know what’s good for us and who act on that impulse. Much like knowing that if I study right now, I might have a marginally better chance of cracking that entrance exam into uni, or the fact that cigarettes increase the probability of lung cancer, but let me tell you ladies, gentlemen and everyone else in between and beyond, this, like most assumptions in Economics, is a scam. I mean, look at us. Here I am, sitting with a cup of black coffee in the middle of the night, blogging (and therefore not studying) and here you are, someone, somewhere, probably smoking stuff or thinking of a smoke while reading this.
Economics, and by extension, economists, despite all our lofty claims of rationality are not entirely rational creatures. We’re human and human-born and we are inherently emotional, despite our well developed brains with all our intelligence – we even classify those who don’t show or have emotions, and those who rely a bit too much on their rational minds, as people who have something wonky up their brains, not normal. To construct a science about how we behave when it comes to meeting our needs with what resources we have, we need the assumptions to hold everything up. Economics is basically a mass of assumptions and their derivatives. A house of cards. Pick one apart, and it all comes tumbling down. That is unless it was made so sophisticated on the inside, or stuck on with superglue, that one (or more) assumptions picked up and picked apart makes no difference.
All this without mentioning that economics is sometimes about as dry as parchment. As in, it severely lacks humour unless you’d like a laugh at a theory of economic development that makes zero sense to you as to how it is supposed to work or what some early economists seemed to think about the subject, but to do that, you’d probably need to come up with a new and improved theory or you’d be made a mockery of. And so, here I am, trying to be funny in economics, more to have a laugh instead of digging my textbooks and shovelling it out like a garden mole. And here you are, reader, reading my attempt at it. Welcome, reader, to the blog of a purely accidental and irrational economist in the making and here’s to hoping I can actually pull a laugh out of you.
The Irrational Economist