On being the liberal and the conservative economists in the history of the world; Where have we been, where are we now, and where are we going?

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We have several economists being engaged with being free and open and inclusive in the solutions of the nations and the government and the parliaments solutions. And these are typical liberal, and these are: Buchanan, Hayek and Friedman. And we can think about building economies with the state budgets, and we can be alone on an island, and thinking about Defoe when he launched the guy Robinson Crusoe to cope with problems, issues and challenges, when trying to build a society from few people, and including more and more people, and the capitalists are probably these people making money in the exchanges, and these things are both about building societies and structures within an economy where the exchanges between people and between organizations and between people and organizations are probably some of the most fundamental of what we are doing to any time anywhere in a nation, and that nation consists of places and humans.

You know, there are many philosophers through the history who have tried to form the reality with their ideas, and what life and organizations really are about, and we just have suggestions and new ways of governing the life when we have lived and operated for a time, and we should be the best launchers of any new policy with solving the problems that we are facing from time to time. And the life is best to perceive when it is smiling, and therefore we are engaged with perceiving the time, and to appreciate the best time moments together with our friends, and all the families that we know. And you know, we have mentioned the liberal economists, and as any economists that are known in international environments, we should go for the international Nobel Prize in economics, instead of all this talking and gestures from place to place. And one conservative economist that is known is Edmund Burke. And you know, any book is one or more than one ideas of something, and these ideas can be small or big things, and Burke was engaged with writing and understanding philosophical enquiries about what was going on any places in the society where we are living, operating and working.

So, what is economists dwelling with to any time? Well, there is scarcity of resources in the world, since there is not free and open and not restricted resources of any kinds, and this means that when there is little resources the prices are high, and when there are many resources the prices are low. And we should make analysis about what is going on where we are. And there is also much about making overviews in the world, and economics is about making alternatives, and choosing the solutions that are fitting the situations and the places and the persons best possible of any thing that is happening. And economics is also about demand and supply, and that the markets are led by an invisible hand of Adam Smith, and that there is a gravity of finding the equilibrium in an economy where the demand equals the supply in individual product markets, just as in the total of all things in the different markets, and this is the aggregate demand and the aggregate supply. And if the forces in the markets are just such that there is a disequilibrium between demand and supply, we should try to adjust the prices and/or the quantities in such ways that there will be the market balance between what is offered in the markets, and what is being paid for of articles, and articles is placed with prices, and with different brands, and all the possible technologies that we find in the markets with the problems and the solutions being there.

So, what is the case with the Nobel Prizes in economics? Well, the philosophy and the problems can come from any angle, and we are filling our eyes and minds with perspectives, and with different ways of finding analytical solutions in the world. So, you can come from whatever country that we are perceiving in the world, and you can be in doubt of something, and you can believe what is possible to believe, and we must never avoid truth and beliefs in the life, and we should ignore organizations and people making too many scandals in the life, and this is often related to making wrong choices, and wrong ways of understanding the problems.


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Sverre Larsen

Kristiansand, Norway

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