Why Economics?

I work for a firm who manages money for institutional investors - Retirement Plans, Pension Funds, Endowments, Foundations, just to name a few types of clients. My firm specializes in using global macro economic data to make top-down decisions on how to manage and position portfolios. The idea of using economics in active investing is simple - make as much money as possible, and limit the loss of wealth. 

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Economics is more than just using data to make a profit. Economics is more than just 'making widgets.' Economics is more than just supply and demand curves. Economics is the intersection between policy decisions and our quality of life. Economics is the culmination of millions of decisions made every day by millions of people and businesses. Economics is foundational to the human experience.

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Is that a dramatic way of reframing a social science whose introduction to most people is to assume all humans are rational decision makers? Maybe. But economics is essentially the study of humans, and there's nothing more complex and interesting than us. 

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I want to use this blog to tell a story. The story of us. Whether we like it or not, economics is deeply intertwined in our lives and affects all of us every day. I want to explain how we got here, what's happening now, and how that could impact our future. More importantly, I want to use economics to show that a world of abundance is possible. A world in which all of our basic needs are met is not only possible, but it is essential. A world in which everyone is taken care of is not only essential, but it just makes economic sense.