Traditional economics tends to focus on 5-10 economic goals. These goals are incredibly important, especially for things like inflation, the exchange rate and especially, especially, especially- preventing recessions.

However, there are about 100 other economic goals that are just as important, and there isn’t a lot of practical or “how to” information written about these.

However, they are highly context-oriented- each local, country and regional context is made up of thousands, sometimes millions of different factors.

What do you think are some of the 100 most important economic goals, whether locally, regionally or worldwide?

And how do we add %s to them? I created solution stimulators here to try to help stimulate solutions.

Economic sociology as problem solving

Economic sociology is the idea that solutions to economic goals can be based on the information points you see and hear around you, not just on economic theory.

I studied the theory for years, I studied a lot of philosophy including the philosophy and sociology of science, Thomas Kuhn’s The Structure of Scientific Revolutions and the realisation that some parts of scientific fields are organised more like religions than how you would think science would be (i.e. its more about keeping people down than about a scientific meritocracy), then I did development studies at a Masters level, and they kept saying that the economic results from economic theories was false in a lot of regions around the world

I remember reading one economic development book that was so vague that I had the series of thoughts (in combination with a lot of thinking and other studies)-

that I still agree with-

that economics is only true for about 40% of things in western countries, and less than that for non-western countries (this is where the field of development economics- or economics specialised in developing countries started to grow from).

However- that 40% is extremely needed- and it is. This 40% reaches 40% of economic goals that are really needed. Its not 100% of economic goals- but its really needed.

And if only applicable to 20% of developing countries- that 20% is extremely needed too

However, development economics (a specific field of economics) tries to expand it to more.

Economic sociology is something like this: what are %s of solutions based on the information we most need (like information, data, sociology, the information points that we collect) to expand the economic goals for everyone.

It is really, really, really, really, really important to run medium and large scale solutions through economic experts in a number of different economic specialisations before applying them. This is because the traditional 10 economic goals are complicated and sometimes really non-intuitive.

For example, if we redistribute too much, this reduces incentives and shrinks the overall consumption and production. For medium scale and large scale solutions, lets create methods to ask lots of different types of economists what they would predict the effects are.

However, if they haven’t been able to solve it so far in past decades or centuries, why would they solve it this month or year or decade or centuries?

The theory taught in traditional economics is useful to the 10 core types of economic goals, but not that useful to solving the other types.