I named this blog for one of the most basic and important concepts in economics: opportunity cost. But I wanted to flip that notion on its head. It’s not just a cost, but literally an opportunity. Instead of the “dismal science,” let’s think of it as the science of opportunity.
- An excellent example of the kind of economic literacy this blog aims to promote. Infographic by Max Henkels.
The goal of this blog is multifaceted. First, I want to make basic economic principles and concepts applicable in areas you care about. This discipline has much to offer in environmental and social situations in ways many people are unaware.
Second, I want to make these concepts fun and allow you to recognize them in everyday life. In a sense, every decision you make is an economic one, and I want to shed some light on the tools economics has to offer. If you don’t already, check out NPR’s Planet Money podcast, which does a great job of this already. I will be using some of their podcasts as starting points.
Last, I want to offer news commentary with an economic spin. Usually my thoughts end up on facebook as a two-sentence blip, and I want to have a space to explore them more thoroughly. I will be pulling largely from the New York times, and using what I see in the news as fodder for my first two goals.
I welcome questions, respectful debate, and suggestions for posts. Welcome to Opportunity Science.
Opportunity Science 