Economics’ Great Misunderstanding

The discipline of economics operates on the assumption that work is a first choice. Work can be an only choice but it is never first choice.

All oxygen breathing entities have evolved by practicing behaviors which optimize their chances of surviving and reproducing. As distasteful as it seems, odds of survival are increased for any individual who can live off the efforts of others. At the same time each species has ways of insuring that each animal has to pull its weight. But, before pulling its own weight each animal does in fact try to live off the efforts of the others.

Predators before hunting will eat already killed carcasses before going after prey. Hyenas are famous as scavengers. They hunt also. Although they don’t have the reputation, lions are scavengers first also. Animals always get their rewards by the method that produces the most with the least amount of effort.

Economic models are built around the assumption that the unemployed are looking for jobs. It is also assumed that when people work for the government, they work as diligently as people who are self employed. Not even 200 years ago, people enslaved one another as a means of living off the efforts of others.

So, what are people looking for? What are their motivations?  A persons motivation is to get the most with the least amount of effort. Ask someone and see what they say. You won’t hear that. Imagine a person asking for a job and saying, “I want to work here so that I can make the most amount of money with the least effort.” With that, it is worth noting two relevant human instincts here. These are to exalt the species and to exalt himself within the species.

The truth is a hard sell. Fantasy Free Economics gains readers one at a time. Major search engines simply do not list blogs which disagree with their As long as folks share the link to this blog and others speaking out against the grain, the truth will at least trickle into the public consciousness.political agenda.

Fantasy Free Economics recommends the following blogs.

Of Two Minds Liberty Blitzkrieg Mises Institute Straight Line Logic Paul Craig Roberts

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About Fantasy Free Economics

James Quillian independent scholar,free market economist,and teacher of natural law. Who is James Quillian? Certainly I am nobody special, Just a tireless academic and deep thinker. Besides that, I have broken the code with respect to economics and political science. Credentials? Nothing you would be impressed with. I am not a household name. It is hard to become famous writing that virtually no one in the country is genuinely not in touch with reality. But, if I did not do that, there would be no point in my broking the broken the code. If you read the blog, it is easy to see that there are just a few charts, no math and no quantitative analysis. That is not by accident. Given what I know, those items are completely useless. I do turn out to be highly adept at applying natural law. Natural law has predominance over any principles the social science comes up. By virtue of understanding natural law, I can debunk, in just a few sentences , any theory that calls for intervention by a government. My taking the time to understand the ins and outs of Keynes General Theory is about like expecting a chemistry student to completely grasp all that the alchemists of the middle ages thought they understood in efforts to turn base metals into goal. Keynesian theory clearly calls for complete objectivity. Government can only make political decisions. Keynesian techniques call for economic decisions. So, why go any further with that? Fantasy Free Economics is in a sense a lot like technical analysis. Technical analysis began with the premise that it was impossible to gain enough information studying fundamentals to gain a trading advantage. Study the behavior of investors instead. Unlike technical analysis, I don't use technical charts. What I understand are the incentives of different people and entities active in the economics arena. For example, there is no such thing as an incentive to serve with life in the aggregate. In the aggregate, only self interest applies. It is routinely assumed otherwise. That is highly unappealing. But, I am sorry. That is the way it is. I can accept that because I am genuinely in touch with reality. Step one in using Fantasy Free Economics is for me to understand just how little I really know. A highly credentialed economist may know 100 times what I do based on the standard dogma. Compare the knowledge each of us has compared to all there is to know and we both look like we know nothing at all. There is always more than we don't know than what we do know. I am humble enough to present myself on that basis. Why? That is the way it is. I am not bad at math. I have taught math. What I understand is when to use it and when to rely on something else. Math is useless in natural law so I don't use it. While others look at numbers, I am busy understanding the forces in nature that makes their numbers what they are. That gives me a clear advantage.

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