Dear readers,
I'm a Portuguese 17-year-old Economics applicant with a great passion for the subject.
At the time where the global economy threatens the structure, the principles, the society we have grown accustomed to, the very nature of the economic model is more relevant than ever. Nowadays, the question on our minds is "what is economics?" and "how have we trusted it for so long?". Capitalism, the system so many of us trusted our lives with (I know, not all of us, Michael Moore) has seen a breakdown that is not only financial, but also largely socio-political. Examples of such were seen all over the world this year. The UK's Student Fees Protests in 2010, the ongoing Greek debt protests and the Wall Street Marches going on as we speak- just to name a few. The over-powering force of most of these governments, clear as crystal in Germany and France's blunt leadership of the EU, leaves us small towners with little choice. Socialist, right-wingers or otherwise, the Euro is the Euro, so our margin for home-made austerity measures is, of course, limited (that's to say, in IMF-ian dialect, inexistent). In the words of the great Henry Ford "Any customer can have a car painted any colour that he wants so long as it's black"...
This blog is destined at the amateur economic historian or enthusiast. Everyone, of whatever age or nationality, who is interested in this field, especially with relevance to current events. Each weekly blog entry will begin with a quotation that inspires the topic in discussion. I will look at turning points in economic history, such as the German hyperinflation in 1923, or developments in theory, by namely Charles P. Kindleberg, and relate it (somehow) to the current economic crisis.
See you soon!
I'm a Portuguese 17-year-old Economics applicant with a great passion for the subject.
At the time where the global economy threatens the structure, the principles, the society we have grown accustomed to, the very nature of the economic model is more relevant than ever. Nowadays, the question on our minds is "what is economics?" and "how have we trusted it for so long?". Capitalism, the system so many of us trusted our lives with (I know, not all of us, Michael Moore) has seen a breakdown that is not only financial, but also largely socio-political. Examples of such were seen all over the world this year. The UK's Student Fees Protests in 2010, the ongoing Greek debt protests and the Wall Street Marches going on as we speak- just to name a few. The over-powering force of most of these governments, clear as crystal in Germany and France's blunt leadership of the EU, leaves us small towners with little choice. Socialist, right-wingers or otherwise, the Euro is the Euro, so our margin for home-made austerity measures is, of course, limited (that's to say, in IMF-ian dialect, inexistent). In the words of the great Henry Ford "Any customer can have a car painted any colour that he wants so long as it's black"...
This blog is destined at the amateur economic historian or enthusiast. Everyone, of whatever age or nationality, who is interested in this field, especially with relevance to current events. Each weekly blog entry will begin with a quotation that inspires the topic in discussion. I will look at turning points in economic history, such as the German hyperinflation in 1923, or developments in theory, by namely Charles P. Kindleberg, and relate it (somehow) to the current economic crisis.
See you soon!
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