Economics is not just about numbers, it's about people. Many things like our possessions, property, stocks, even the cash in our pockets has value because we believe it does. Because we communicate about these things, we have perceptions and expectations. Because we live in an uncertain world, we are motivated to reduce uncertainty by communicating, which creates social reality. Economics is a part of how we construct social reality. It affects everything around us. Since most economic activity is communicative, how we ...
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Economics is not just about numbers, it's about people. Many things like our possessions, property, stocks, even the cash in our pockets has value because we believe it does. Because we communicate about these things, we have perceptions and expectations. Because we live in an uncertain world, we are motivated to reduce uncertainty by communicating, which creates social reality. Economics is a part of how we construct social reality. It affects everything around us. Since most economic activity is communicative, how we communicate creates value. Economic Uncertainty is meant to encourage thinking about economics in a new way. Not about numbers, but about people. Numbers are static on a page, but people are dynamic going about their daily activities. Economic Uncertainty is based upon perception and expectations, and the difference between them. The process of communicating is a kind of information exchange, like the stock market. The people make offers that are accepted or rejected. This creates an economic theory of communicating and behavior based on the Nelsonian Laws of Uncertainty, Shared Meaning, and Investing. Throughout history, most of human activity has been motivated by uncertainty. Uncertainty motivates our behavior and how we communicate with one another. It can help improve your quality of life.
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