invented my own economics theory!

**cokeclassact** · 09-19-2006 05:00 PM

hi. this is kinda off topic i know...but i figure it has some relevance because we are all striving to make it in the game of capitalism. i apparently invented my own economics theory. it is really just a derivitave of some pre-existing concepts...but it takes an important step forward. i showed my teacher and he looked it over and he is going to present it to his colleagues and have it refined. and then who knows. might end up in textbooks. (which i have some misgivings about because not all of it is good). but yea. see what students can do when they put their mind to it.

**Steve White** · 09-19-2006 05:10 PM

Whats the theory?

**cokeclassact** · 09-19-2006 05:13 PM

its actually rather radical so i dont really want to go into detail with it. it has to do with economic equality and its consequences. as my teacher said "don't let any right-wingers get ahold of this or they will latch onto it and use it as a mantra." but if my teacher and his colleagues can refine it and present it in the right light i will def share it, i just dont want to influence the way people think. one thing that you could probably derive from it though..be an entrepreneur. lol.

**Steve White** · 09-19-2006 05:17 PM

Fair enough, but once it is refined you must share!

It all sounds very interesting

**cokeclassact** · 09-19-2006 05:20 PM

i will def share it provided it can be placed in the proper light. im sure im nowhere near as smart as einstein was but i can imagine that this is how he felt too....i hate when things arent either all good or all bad. lol. rotten complicated life.

**Bestmiler** · 09-19-2006 06:52 PM

congrats..hope all goes well

**tekmoney** · 09-19-2006 07:07 PM

Very cool. I was an Econ minor in college.

**paul2145r** · 09-19-2006 10:28 PM

Nice, not bad. I'm refining my own theorum, this having to do with Marketing. Good Luck, and let me know how it goes!

**cokeclassact** · 09-19-2006 11:15 PM

marketing theorem..now that's somethin i'd be interested in. this thing i came up with is macro-economic theory so basically it maybe helps the bigwigs in washington set tax levels...but it dont help me get rich.

**nado** · 09-20-2006 01:59 AM

I'm studying microeconomics atm... all the theories thus far are dead simple and general knowledge imo.

Anything radical I'm all for!

**cokeclassact** · 09-20-2006 08:39 AM

yea thats the beauty of it...i consider my theory to be dead simple and common sense too. that was one thing that really amazed me when i began studying econ. it just seems that noone has thought to look at it from this particular angle yet. i remember my teacher telling me about some guy's great insight. which was basically the fact that inflation has to take into account the rise in prices. ...well umm...yea. and it took them a long time to realize that. but yea its common sense to me...which is a big part of the reason why i feel more lucky than smart. im thinkin of zuckerburg right now. facebook. facebook wasnt anything amazing. he took a pre-existing object and put it online. i guess he was smart in a certain regard. but it was also a huge element of luck that noone had thought of it before. this whole intelligence/luck dichotomy really interests me. i had a post a while back about whether the guy who invented the hula hoop could be called a genius. is it something inherent about people who think of these things? some kind of advanced ability to draw associations? or is it just sheer dumb luck?

**nado** · 09-20-2006 06:41 PM

Originally Posted by cokeclassact

is it something inherent about people who think of these things? some kind of advanced ability to draw associations? or is it just sheer dumb luck?

Yeah I reckon innovative entrepreneurs do have some kind of higher mental problem-solving skills than most people.

I can naturally come up with great business ideas (imo), almost multiple times per day and yet I hear of lots of people who just can't think of anything.

Just got to make the execution part rock solid

**4-Knots** · 09-21-2006 07:27 AM

is it game theory?

**cokeclassact** · 09-21-2006 07:32 AM

lol..how did you know! nah not game theory...something far less complex..im not that smart.

**4-Knots** · 09-21-2006 07:54 AM

well game theory isn't too complex but anyway.... what type of theory is it? I know you said it was macroeconomic. You may as well tell us, if its really ground breaking you'll be recognised for it. And if anybody tries to steal your theory it'll be recorded here on YE as the first place to publicly announce your theory.... unless I delete your post of course ;o)

EDIT: spelling! ;-)