Simple Economics
What is economics? Any traditional textbook will say some variation of “economics is the study of how people and societies choose to use limited resources to meet their needs and wants”. In practice, this simply means that economists study whether we have the resources to do what we want, how we’re currently using them, and how we could use them better to improve people’s lives.

To improve people’s lives. That’s exactly why I took such a liking for economics as a discipline. Despite this idealistic goal, research within economics tends to be difficult understand, for most people. Those that have not yet bothered to understand how bonds, interest rates, and somehow, our personal well-beings are inter-connected are just not able to take advantage of the valuable information from economic research.

That’s why I started to write Simple Economics to translate relevant topics within economics and policy from technical jargon to digestible information on the important mechanisms that form our society, futures, and lives.

This series will look something like the following. Have you ever wondered why governments don’t just raise the minimum wage? Why does saving feel so difficult? Why are interest rates so important and why do they affect my purchasing power? Why does inflation behave differently in different countries? Why don’t we just build more schools to make our countries smarter? And why are social media platforms able to just give services away for free? I’ll also explore why good policies fail when applied to larger scales, why more national spending doesn’t guarantee progress and happiness. I’ll also explain why markets might sometimes break down, and why handing people “free money” may lead to better outcomes as opposed to making public transport cheaper.