There are two main branches of economics, microeconomics, and macroeconomics. Microeconomics deals with the behavior of individual relationship with the government and how that behavior is influenced by government. Macroeconomics is concerned with economical factors such as inflation, unemployment,taxes,politics business and law,and overall economic growth.
I think bitcoin is supereconomical because eversince its existence,bitcoin is solving issues and making our financial activities seemingly easy and accessible,making it a huge influence on the economy and promoting financial independence.The factors of microeconomics in proportion to bitcoin's existence is visibly clear.The system paves way for a better financial security and control instead of depending on an institute like the bank,the users are able to access their money through the blockchain system which is designed to be unhackable.
The relationship between the individuals and their finance is accurate and definite.
Topic: How many Branches of Economics is there? (Read 243 times)
Bitcoin follows the microeconomic theory of supply and demand.
Looking at the microeconomic theory of supply and demand in relation to bitcoin, it is clear that the demand curve for bitcoin simply shows how people are inclined to buy bitcoin at different prices. Thus the concept of buy the dip. While on the other hand, the supply curve is an indication of bitcoins' willingness to supply at different prices. Thus, the maxim, "buy low, sell high". The shifts in demand or supply curves can occur due to various factors which includes market sentiments, regulatory changes, technological developments, institutional adoptions, or geopolitical events.
Come to think of it even Bitcoin has branches, have been divided into such as Bitcoin Cash, BSV and such. Its like for example religion, each branch has its followers/believers that caused these hard forks.
Bitcoin Cash, Bitcoin SV, and others are not branches of Bitcoin. To call them branches would essentially mean they are part of Bitcoin, which they are not. These altcoins are totally independent and separate from Bitcoin. They have their own blockchain. They have their own protocol. They have their own rules. They operate on their own. They are not part of Bitcoin; they are mere copies of Bitcoin, albeit not exact.
They can't be compared with the different branches of economics.
That is because you believe in democracy the majority rules.
BTC is the majority branch.
the other are minority branches.
They have been outvoted.
They certainly are outvoted by miners since the hash rate numbers for btc are huge.
If we have to talk about religion then it is said that economic issues are discussed in different ways in different religions like christianity has one type of discussion and Islam has another type of discussion just as different types of economic issues are explained separately. Now if you want to talk about modern economy then there economic things are changing a lot with the change of world. As once there were no banks in the world, later banks were invented and now we can send money from one country to another country or from the same place to another very easily.
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Okay from that diagram Keynesian economics means Fiscal policy which means Government spending that causes the economic stimulus activity, without government spending there be nothing to stimulate the economy? Is it fiscal spending from taxes or the FED buying government bonds with their money printer?
Monetarist economics is all about the money supply (inflation), the FED controls the money supply?
I keep hearing the middle class is disappearing, the gap between the rich and poor is widening. Which economics stimulates and maintains the middle class long term?
You can think of economics similar to tokenomics, as that itself isn't going to fix the gap between the rich and poor.Okay from that diagram Keynesian economics means Fiscal policy which means Government spending that causes the economic stimulus activity, without government spending there be nothing to stimulate the economy? Is it fiscal spending from taxes or the FED buying government bonds with their money printer?
Monetarist economics is all about the money supply (inflation), the FED controls the money supply?
I keep hearing the middle class is disappearing, the gap between the rich and poor is widening. Which economics stimulates and maintains the middle class long term?
I am oversimplifying this, but most economic systems are working well when people keep swapping money for services, as most economic systems are build on people swapping money with goods. But when enough people just keep hoarding money/wealth, it slowly decreases the money velocity, And higher the money velocity is, better the economy is doing. And aside from rich doing their weird eccentric purchaces, they hoard way more than they spend, as their purchaces are most of the time are just gaining more wealth for them.
This is one of the reasons why you need to print more money to stimulate the economy, because poor or even middle class, can't buy enough to keep up the money velocity. And this is also why fiat money loses value over time. It never was supposed to be long time store of value, just very liquid and very stable in short time.
You could argue that this is why bitcoin was doing well as money velocity dropped significally during covid lockdowns, and as bitcoin is basically symbol of hodl (or hoarding).
Finally which branch of economics did Satoshi Nakamoto follow himself?
Can't guess which branch of economics Satoshi Nakamoto followed. If we go back to 2007, 2008, 2009 and 2010, the practice of economic theory already had several branches that we studied through the available books.To know for sure which branch Satoshi Nakamoto followed, perhaps the answer that someone has answered is very correct. We need to ask Satoshi Nakamoto directly to find out more clearly.
Why do you have to go back to 2007, 2008, 2009 and 2010 or below? because at that time Satoshi had lived a life full of intelligence.
Lets simplify, there are only two main branches of economics. Hard money and easy money, those who believe in a fixed unit of currency exchangeable from year to year in a way which is never altered such as a paper note exchangeable for some unit of a known commodity or element. This so called hard currency is not perfect equilibrium as it is reliant on commodity markets which can be very changeable depending on seasons and general supply and demand for whatever commodity we are referring to.
Easy money economics would be where currency from year to year alters freely most commonly losing value however the current policy of say the Federal reserve is to aim for a low single figures amount of change but even this amounts to losses for the common holder, plain workers who operate with yearly contracts effectively being paid less after inflation.
I'd name those two broad churches of reason and delusion as the most simple way to sort the branches of economics, both sides tend to believe the other to be a failure condition of some kind so they are fairly opposite alot of the time though nothing is ever perfect. At present I'd say economics has been eclipsed by politics, imo we are approaching the pitch black peak phase but thats a personal bias
Easy money economics would be where currency from year to year alters freely most commonly losing value however the current policy of say the Federal reserve is to aim for a low single figures amount of change but even this amounts to losses for the common holder, plain workers who operate with yearly contracts effectively being paid less after inflation.
I'd name those two broad churches of reason and delusion as the most simple way to sort the branches of economics, both sides tend to believe the other to be a failure condition of some kind so they are fairly opposite alot of the time though nothing is ever perfect. At present I'd say economics has been eclipsed by politics, imo we are approaching the pitch black peak phase but thats a personal bias
Hi,
Yes its like a religion, for example there's Christianity and its branches are Catholicism, Protestantism, Eastern Orthodoxy, Anglicanism, Oriental Orthodoxy, and Assyrians which are different types of Christianity. All have different views.
Same for economics, what are the different types of economics and which ones are taught in Universities and which ones do the western governments follow?
I believe economics should be pure set by the free market but we that's no longer the case in the west nowadays.
What is Keynesian economics? Apart from Keynesian what are the other types?
Which economists or traders do you guys follow on youtube for daily market analysis and what type economics do they follow and which type of economics best predict future economics? Not interested in youtubers who just care about making profit for themselves so they sell/shill anything.
Finally which branch of economics did Satoshi Nakamoto follow himself?
Yes its like a religion, for example there's Christianity and its branches are Catholicism, Protestantism, Eastern Orthodoxy, Anglicanism, Oriental Orthodoxy, and Assyrians which are different types of Christianity. All have different views.
Same for economics, what are the different types of economics and which ones are taught in Universities and which ones do the western governments follow?
I believe economics should be pure set by the free market but we that's no longer the case in the west nowadays.
What is Keynesian economics? Apart from Keynesian what are the other types?
Which economists or traders do you guys follow on youtube for daily market analysis and what type economics do they follow and which type of economics best predict future economics? Not interested in youtubers who just care about making profit for themselves so they sell/shill anything.
Finally which branch of economics did Satoshi Nakamoto follow himself?
I graduated from the Faculty of Economics but my understanding of the types of economics is not broad enough. I once read an article that Satoshi Nakamoto is someone who is against the current conventional financial system, so he is trying to improve the money distribution system using his very deep understanding of monetary economics.
Satoshi Nakamoto is someone who is very hot, he knows how to improve imperfect systems and conventional monetary systems must be updated with the latest, so the emergence of Bitcoin is a blessing for the world.
Finally which branch of economics did Satoshi Nakamoto follow himself?
There there different types of economics but they all fall into two categories being microeconomics and macroeconomics. Micro talks about personal economics of an individual, a community or an organization, the way they get income and how they plan their expenditures, the way they react to supply and demand of goods, finally how they're able to make a scale of preference and arrange their needs in the order of importance. Micro talks about the aggregate economy, that is the government, the way they plan and structure their economy.
I wouldn't know for sure about the economic parten of Satoshi Nakamoto, but I'll say that it'll be oscillating economics, this is because Bitcoin was designed to have seasons. When it's getting to bull run, many investors will enter the market and be buying Bitcoin, because of the anticipation of the bull season, when price reaches ATH which is the equilibrium price, with time price will start to drop because it can't go further up, then bear season will gradually start to set in. As price continues to go down, many investors will be exiting the market and price will fall, then the bul run will start to build up again. This is why it's called oscillating economics, because it's programed to be rotating in seasons.
If you do a simple Google search, you'd be given out different branches but I think what matters and probably the only important branch of economics is the Macro and Micro Economics, those two are pretty much an umbrella term for any other branches, you just need to find where the other branches fits in within those two.
Yes its like a religion, for example there's Christianity and its branches are Catholicism, Protestantism, Eastern Orthodoxy, Anglicanism, Oriental Orthodoxy, and Assyrians which are different types of Christianity. All have different views.
Assyrians isn't a religion, if my memory serves me right, they're an ancient civilization. And those branches aren't really the same as Christianity, Catholic believes in God then Jesus, Christianity believes that Jesus is God, Protestantism is a troll religion that was supposed to mock Catholicism, Eastern Orthodox is more awesome kind of Catholicism because their most basic priest that I've seen online wears the coolest coats that only the higher ups in the Catholic church can wear. 
There are several forms of economics and rightfully so as economics is quite broad. Studying economics, one would note the several forms of economics are quite different from each other. Economists over the years has had different views and approaches hence different views, approaches and theories.
Economics is really vast as it examines various means on how scarce resources could be efficiently used in terms of the production of goods and services.
Come to think of it even Bitcoin has branches, have been divided into such as Bitcoin Cash, BSV and such. Its like for example religion, each branch has its followers/believers that caused these hard forks.
Bitcoin doesn’t have any branches or several forms like you mentioned. If it’s not bitcoin, you’re dealing with a completely different coin that has no relation to bitcoin. Why have several forms when the only form is awesome, going on strong and is deeply envied by all the alt coins everywhere.
Economics is really vast as it examines various means on how scarce resources could be efficiently used in terms of the production of goods and services.
Come to think of it even Bitcoin has branches, have been divided into such as Bitcoin Cash, BSV and such. Its like for example religion, each branch has its followers/believers that caused these hard forks.
Bitcoin doesn’t have any branches or several forms like you mentioned. If it’s not bitcoin, you’re dealing with a completely different coin that has no relation to bitcoin. Why have several forms when the only form is awesome, going on strong and is deeply envied by all the alt coins everywhere.
I'm not an expert, but I wouldn't call them "branches" of economics. They are more accurately called "schools of thought".
The main ones that I know about are Keynesian, Austrian, Monetarism, and Marxism.
Branches of economics are mainly macro and micro, but there are others such as monetary, behavioral, developmental, environmental, etc.
Here is a good description: https://economicpoint.com/branches-economics
Keynesian economics was pioneered by John Maynard Keynes. It is the most popular macroeconomic school of thought, probably because (in my view) it promotes the role of government and it relies on economic models and so its study attracts funding.
Satoshi rarely stated any specific economic beliefs, though many are readily apparent in his work. I think he would be more closely aligned with the Austrians or the Monetarists, but he did mistakenly believe that the price of a bitcoin is ultimately based on the cost of its production, which is a Marxist belief.
The main ones that I know about are Keynesian, Austrian, Monetarism, and Marxism.
Branches of economics are mainly macro and micro, but there are others such as monetary, behavioral, developmental, environmental, etc.
Here is a good description: https://economicpoint.com/branches-economics
What is Keynesian economics?
Keynesian economics was pioneered by John Maynard Keynes. It is the most popular macroeconomic school of thought, probably because (in my view) it promotes the role of government and it relies on economic models and so its study attracts funding.
Finally which branch of economics did Satoshi Nakamoto follow himself?
Satoshi rarely stated any specific economic beliefs, though many are readily apparent in his work. I think he would be more closely aligned with the Austrians or the Monetarists, but he did mistakenly believe that the price of a bitcoin is ultimately based on the cost of its production, which is a Marxist belief.
Come to think of it even Bitcoin has branches, have been divided into such as Bitcoin Cash, BSV and such. Its like for example religion, each branch has its followers/believers that caused these hard forks.
Bitcoin Cash, Bitcoin SV, and others are not branches of Bitcoin. To call them branches would essentially mean they are part of Bitcoin, which they are not. These altcoins are totally independent and separate from Bitcoin. They have their own blockchain. They have their own protocol. They have their own rules. They operate on their own. They are not part of Bitcoin; they are mere copies of Bitcoin, albeit not exact.
They can't be compared with the different branches of economics.
Hi,
Yes its like a religion, for example there's Christianity and its branches are Catholicism, Protestantism, Eastern Orthodoxy, Anglicanism, Oriental Orthodoxy, and Assyrians which are different types of Christianity. All have different views.
Same for economics, what are the different types of economics and which ones are taught in Universities and which ones do the western governments follow?
I believe economics should be pure set by the free market but we that's no longer the case in the west nowadays.
What is Keynesian economics? Apart from Keynesian what are the other types?
Which economists or traders do you guys follow on youtube for daily market analysis and what type economics do they follow and which type of economics best predict future economics? Not interested in youtubers who just care about making profit for themselves so they sell/shill anything.
Finally which branch of economics did Satoshi Nakamoto follow himself?
I don't see them anything like religions, those are not trying to work out on how to make working economy, but how to deal with death. I personally believe in Keynesian economics, even though it seems to be everything cryptocurrecy scene hates, but none of the economic systems are perfect and they may have to develop themselves to survive. If i had to guess, Satoshi followed Austrian economics. Least that it was how this started imho; cyberpunk money for libertarians. Yes its like a religion, for example there's Christianity and its branches are Catholicism, Protestantism, Eastern Orthodoxy, Anglicanism, Oriental Orthodoxy, and Assyrians which are different types of Christianity. All have different views.
Same for economics, what are the different types of economics and which ones are taught in Universities and which ones do the western governments follow?
I believe economics should be pure set by the free market but we that's no longer the case in the west nowadays.
What is Keynesian economics? Apart from Keynesian what are the other types?
Which economists or traders do you guys follow on youtube for daily market analysis and what type economics do they follow and which type of economics best predict future economics? Not interested in youtubers who just care about making profit for themselves so they sell/shill anything.
Finally which branch of economics did Satoshi Nakamoto follow himself?
There's really no perfect economy system. But since you asked alternative for keynesian system, i have been reading about monetarism, and while it has problems as well, it deals with some of the problems that comes with keynesian economics.
There are others as well but let's start from here.
Okay from that diagram Keynesian economics means Fiscal policy which means Government spending that causes the economic stimulus activity, without government spending there be nothing to stimulate the economy? Is it fiscal spending from taxes or the FED buying government bonds with their money printer?
Monetarist economics is all about the money supply (inflation), the FED controls the money supply?
I keep hearing the middle class is disappearing, the gap between the rich and poor is widening. Which economics stimulates and maintains the middle class long term?
Economics is divided into macro, micro, and mesoeconomics, and each of these branches has sub-branches. you are not asking about the branches, but rather about the types. Economic theory is the formulation of a set of ideas and principles that govern the work of the various branches of economics and their relationship with society and politics.
There are types such as Malthusian economics, Marxism, market socialism, laissez-faire capitalism and Keynesian economics.
Finally which branch of economics did Satoshi Nakamoto follow himself?
Your question can be understood from a historical formulation or information, but the Bitcoin economy is decentralized and has differed greatly from what it was in 2009/2010, so Satoshi’s economic vision is not represented by the Bitcoin economy currently.
Bitcoin follows the microeconomic theory of supply and demand.
Come to think of it even Bitcoin has branches, have been divided into such as Bitcoin Cash, BSV and such. Its like for example religion, each branch has its followers/believers that caused these hard forks.
What you mean Satoshi’s economic vision is not represented by the Bitcoin economy currently?
Which economists or traders do you guys follow on youtube for daily market analysis and what type economics do they follow and which type of economics best predict future economics?
I personally don't follow anyone economists on YouTube but yeah, I do follow some traders who have inspired me a lot and I just like their content. Some people follow Andrew Tate and watch all his courses because they consider that guy a good trader but I personally don't really follow him. I follow some good local traders and a few channels that interview traders and trust me, I learned a lot from those interviews as a trader.Finally which branch of economics did Satoshi Nakamoto follow himself?
For that you'll have to find a time machine so you can visit back the 2009 and 2010 and ask Satoshi directly that question. Jokes aside, in real no one really knows that which branch of economics Satoshi was following. His main focus behind creation of Bitcoin was to create a type of currency that would work digitally and should not be controlled by any government or centralized authority. So he might be following the economics of freedom, freedom from the centralized system.
Hi yes, you don't mind me asking what channels or traders you follow on YouTube?
I dont think andrew tate knows how to trade apart from swing buying low selling high I guess. I bet he hires the good traders to trade for him.
Hi,
Yes its like a religion, for example there's Christianity and its branches are Catholicism, Protestantism, Eastern Orthodoxy, Anglicanism, Oriental Orthodoxy, and Assyrians which are different types of Christianity. All have different views.
Same for economics, what are the different types of economics and which ones are taught in Universities and which ones do the western governments follow?
I believe economics should be pure set by the free market but we that's no longer the case in the west nowadays.
What is Keynesian economics? Apart from Keynesian what are the other types?
Which economists or traders do you guys follow on youtube for daily market analysis and what type economics do they follow and which type of economics best predict future economics? Not interested in youtubers who just care about making profit for themselves so they sell/shill anything.
Finally which branch of economics did Satoshi Nakamoto follow himself?
I don't see them anything like religions, those are not trying to work out on how to make working economy, but how to deal with death. I personally believe in Keynesian economics, even though it seems to be everything cryptocurrecy scene hates, but none of the economic systems are perfect and they may have to develop themselves to survive. If i had to guess, Satoshi followed Austrian economics. Least that it was how this started imho; cyberpunk money for libertarians. Yes its like a religion, for example there's Christianity and its branches are Catholicism, Protestantism, Eastern Orthodoxy, Anglicanism, Oriental Orthodoxy, and Assyrians which are different types of Christianity. All have different views.
Same for economics, what are the different types of economics and which ones are taught in Universities and which ones do the western governments follow?
I believe economics should be pure set by the free market but we that's no longer the case in the west nowadays.
What is Keynesian economics? Apart from Keynesian what are the other types?
Which economists or traders do you guys follow on youtube for daily market analysis and what type economics do they follow and which type of economics best predict future economics? Not interested in youtubers who just care about making profit for themselves so they sell/shill anything.
Finally which branch of economics did Satoshi Nakamoto follow himself?
There's really no perfect economy system. But since you asked alternative for keynesian system, i have been reading about monetarism, and while it has problems as well, it deals with some of the problems that comes with keynesian economics.
There are others as well but let's start from here.
Economics is divided into macro, micro, and mesoeconomics, and each of these branches has sub-branches. you are not asking about the branches, but rather about the types. Economic theory is the formulation of a set of ideas and principles that govern the work of the various branches of economics and their relationship with society and politics.
There are types such as Malthusian economics, Marxism, market socialism, laissez-faire capitalism and Keynesian economics.
Finally which branch of economics did Satoshi Nakamoto follow himself?
Your question can be understood from a historical formulation or information, but the Bitcoin economy is decentralized and has differed greatly from what it was in 2009/2010, so Satoshi’s economic vision is not represented by the Bitcoin economy currently.
Bitcoin follows the microeconomic theory of supply and demand.
Satoshi's Cryptocurrency is not a from of economics but has a massive influence on economics. However, Decentralization in cryptocurrency has economic view if we study very well. Economics can be addressed on different angle but I think the Keynesian Economics is more of a macro economics and It is also a modern economics. I only do personal finance on Youtube, I dont do anything economics with video
Just as there are hundreds and hundreds of religions around the world, there might also be hundreds of economic types that have existed.
When it comes to branches, I guess that basically refers to microeconomics and macroeconomics. Perhaps development economics, behavioral economics, and so on are also areas of economics.
And then there are economic theories also. Possibly hundreds of them as well. There's the Keynesian, Austrian, Marxist, Malthusian, and so on and so forth.
Economics is so broad. And I don't think Satoshi Nakamoto is strictly following a single economic school of thought. Surely, however, Satoshi isn't a fan of John Maynard Keynes, who might not even be a genuine economist at all, and Milton Friedman's Monetarism.
When it comes to branches, I guess that basically refers to microeconomics and macroeconomics. Perhaps development economics, behavioral economics, and so on are also areas of economics.
And then there are economic theories also. Possibly hundreds of them as well. There's the Keynesian, Austrian, Marxist, Malthusian, and so on and so forth.
Economics is so broad. And I don't think Satoshi Nakamoto is strictly following a single economic school of thought. Surely, however, Satoshi isn't a fan of John Maynard Keynes, who might not even be a genuine economist at all, and Milton Friedman's Monetarism.
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