Economic Activity

Economic activity is not a group experience: we live, produce and consume as individuals. Yet macro-analysts – economists, statisticians, politicians – insist on looking at us in terms of groups or averages. They reach conclusions and develop policies based on statistics that may have nothing to do with any individual: no family has 2.3 children; hardly anyone in the entire country earns the “average income”.

Too often those who are unaware of the nature of macro-economics are led to make decisions that adversely affect millions of people. This approach toward policy-making recalls the story of the man who stuck one foot in a bucket of scalding water and placed the other on a block of ice: on average, his feet were 98.6 degrees comfortable.

Roger M. Clites

roger m. clites

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About jeneanecommonplacebook

What Is a Commonplace Book? A commonplace book is someone’s personal collection of quotes, witticisms, observances, poems, and even graffiti that have inspired them, made them laugh or touched them in some way. Many famous people throughout history have had commonplace books, such as Thomas Jefferson, John Milton, Mark Twain, Henry David Thoreau, and the scientist, Carl Linnaeus. I began my commonplace books while I was in junior high school in the early 1970’s and so I have almost 50 years of quotes about such a wide variety of topics told in ways more eloquent, wise or humorous than anything I could ever come up with. And it’s wonderful that in this type of blog, I can also include some of my favorite artists and their artwork as well. I'm almost 60 years old with a daughter, 3 granddaughters, and a kitty-cat. I live in beautiful Bay City, MI. I have 2 associate degrees with additional college credits and hopefully I will be able to complete my goal of obtaining my Bachelor's Degree in Accounting. (Life keeps getting in the way). I enjoy literature, horse racing, baseball, NFL football, The Olympics, astronomy, history (particularly Irish), art, old movies, Downton Abbey, The Good Wife, Unit One, science, The Beatles, Frank Sinatra, U2, The Doors, oh and so much more! I have very eclectic and prolific interests. If you would like to check out my personal writings, please go to jeneanebehmeswritings.wordpress.com
This entry was posted in average, commonplace book, consume, economics, groups, Jeneane Behme, macro-economics, policies, policy, politicians, quotes, Roger M. Clites, statisticians and tagged , , , , , , , , , , , , . Bookmark the permalink.

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