Today's economy seems to have a tendency to have an economic outlook that is more macro than micro. In some cases, the macro view answers some questions and provides a number of different answers. However, it also answers many questions in a rather simplistic manner, as opposed to a more complex or comprehensive outlook.
Many economic experts today, for example, are proponents of the macro view. In fact, a number of the best economic experts today have been, since the 1970's, proponents of this macro viewpoint. These experts have taken the macro view as their own and as such, they believe that, in the long run, economies grow larger as a result of their own size and their own ability to produce wealth and prosperity for everyone.
The macro view also tends to support the idea that economies should grow in size to the point where they can afford to create more jobs and create greater economic growth. It also supports the idea that as economic size increases, the population should be able to afford it and not feel left behind by an economy that is growing too large.
On the other hand, the micro view on economics today tends to point out that the economies of a country are just like the economies of other countries. Economies do not grow when they reach their own size, no matter what their macro view may tell them. Rather, economies grow when people choose to invest in them and choose to live in them.
Therefore, good economic policies, and even the best macro policy, will only make economies grow when people want to use them and invest in them. They can be smaller until they can be just about anywhere in the world and still have plenty of opportunities to make money. Unfortunately, the macro view of economics doesn't help much with this because most macro economists believe that everyone will use their economy and choose to invest in it because it is convenient and makes them happy.
Hopefully, today's economic experts will continue to take a macro view of their economies. As a result, we'll finally be able to have the answer to the questions we've been asking for years.
Hopefully, economic experts will continue to take a macro view of their economies. Because, if they don't, then all the macroeconomics we've been hearing about in the news for years might end up coming true, which would mean that the economy would not just crash down around us, it would also take out the United States government.
The macro view of economics might be correct but the macro view will not always work. Please consider all this.