what is micro and macroeconomics and what is the difference?
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Microeconomics: How do I make money?
Macroeconomics: How do we make wealth?
It’s like the study of rain and how to deal with it and use it, vs the study of climate which certainly includes rain but looks at a larger scale and bigger effects.
It’s Spice and Wolf vs Maoyuu Maou Yuusha.
There’s a big difference when you zoom out and consider what happens when you can print your own money. Or when long-term trust (let’s call it faith) is a metric. Or when the decisions aren’t about how to make the most money for yourself, but rather about how to set the rules so that others make the most money collectively (and namely how to keep one dude from winning it all by kneecapping everyone else). Microeconomics has a lot to say about streamlining and efficiencies and risk management. Macroeconomics has a lot to say about how to get the stupid gits from taking stupid risks and repeating over and over that no you can’t just print money.
Both are just applications of psychology and sociology, so remember to ditch check rational thought at the door. Both are far softer sciences than the practitioners like to admit.
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