Economics is a tricky science as well as a dismal one. For every theory about economics, there is another
theory that counters it. Although economics is largely about how we allocate resources to meet human
welfare needs, economists rarely agree with one another regarding how to achieve the most optimal use of
scarce resources. Many contribute to the practice of ensuring economics remains a complicated science -
making things somewhat obscure for the average person, from the use of language and jargon to
complicated econometrics modelling.
Yet still, with many great minds applied to the science, we have yet to arrive at a full understanding of how to
tackle global poverty and ensure growth at the same time. To further complicate the matter, we are now trying
to achieve economic growth while protecting the environment at the same time. In recent years, there has
been a convergence of opinion around the globe within business and government circles that the market is
the best way to manage economies whereby financial success (narrowly defined as profit), continues to be
the single most important motivator.