Nahla | Sharing Thoughts
DO ALL ECONOMIC THEORIES MATERIALIZE?
I attended a lecture in Europe in a top university, the professor was a credible economist who presented a graph showing the success rate of global economic theories, the success rate is less than 5%. This means that less than 5% of economic theories actually happen! Do you know why? Because when economists develop an economic theory, they totally miss the fact that people are the ones making economic decisions and people are not computers, they are driven by their values and emotions. That’s a great thing because it proves that people are in power and they have the power to impact their economies! We control what happens to our economy if we behave collectively in support of our economy all the numbers and theories being thrown to scare us will have no impact. Remember this and don’t let anything or anyone take that power from you!