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Economics is a vastly complicated subject it can be complicated as life itself It deals with the exploitation for profit of the material world - in particular how to do it efficiently As defined by economists it is the efficient allocation of scarce resources Neo-Liberal or neo-classical economics is the most popular type around today - it is what is taught in school Claiming to be a science it ignores the politics of an issue and deals with an issue objectively with cold hard numbers Yet there are other components to the world than free trade and profit As the influence of economic thinking increases and the remain stagnant economics becomes less of a beneficial tool at analysis and more of a deception Perticular problems with economic thought have to do with its unrealistic assumptions and ignorance of so much There is no place for society in economics the theory undervalues labour women and the environment Managerial decisions seem to have more bearing on the way capitalism operates than the free market it certainly set up the economic system Even money the supreme measure of worth in an economic society is based on the authority of its rulers For these reasons above and those that will follow economic thinking mishapes ones perception of the world and is not the best way to decide how to allocate resources efficiently Though economics justifies itself by claiming to be abstract and suggestive only - as it is - in practice it is a whole way of looking at the world Of expectation of values of perceiving human nature an Ideology The methodology of economics claims that it is a science Economics is unchallengable and a tool of specific business interests - not science In early economics classes one learns of the common problems to logical thinking that economists often encounter Normative statements are clearly differentiated from positive statements Positive statements are said to be facts Normative statements are
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