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parent_permlink | hive-150329 |
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author | stonemasoner |
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permlink | week-03-response-the-need-for-an-adaptive-economy |
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title | "Week 03 Response -- The Need for an Adaptive Economy" |
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body | "![image.png](https://images.hive.blog/DQmSbURtGD8SLJttqr6BUsTyQp79VmAntNhcjZwJw7pDLQY/image.png)
[ImageSource](https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcRJsh_oCEJWkqfKGjT3EGmdG8qAo_Y85bGU6w&usqp=CAU)
This post is a response to a question posed by @anniebburg :
"If our economy continues to have a constant cycle of change do you think we have a good system?"
Yes, it is true that our economy is constantly changing, and it is true that some parts of the economic system appear to change cyclically, but what motivates the change, and what are its effects? In short, the economy changes to produce what is needed to satisfy the demands of consumers. While this is a type of change, I would like to be a little more specific and call it adaptation. The economy is able to adapt to different values, which change as a result of human nature, as well as other factors such as new technology or natural disasters. This ability to adapt is what makes the economy capable of functioning, and it is because of adaptability that we have progress. In economics as well as many other areas, an inability to adapt leads to failure. Market adaptations are what lead to progress and continued satisfaction of the ever-changing demands of society. The demands of society will change regardless of if the economy can adapt, and the result is a system where almost no one is happy. The economy is often referred to as an organism, and like and organism, it survives and thrives because it is able to adapt to stimuli both internal and external. Specific changes can be good or bad, and can help or hinder the system, but the ability to change is what makes the system viable in the first place.
[Source Post](https://www.proofofbrain.io/questions/@anniebburg/week-03-questions-the-seen-and-the-unseen-taxation-and-regulation-and-the-unrealized)
---
<center><sub>Posted via [proofofbrain.io](https://www.proofofbrain.io/@stonemasoner/week-03-response-the-need-for-an-adaptive-economy)</sub></center>" |
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operations | 0. | 0. | custom_json |
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1. | required_auths | [] |
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required_posting_auths | |
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id | sm_market_rent |
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json | {"items":["00d0194774388e133d2690c99f0b91175fdf93ce-1"],"currency":"DEC","days":7,"app":"steemmonsters/0.7.130","n":"oBbqCc2YWW"} |
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extensions | [] |
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signatures | 0. | 1f501ee3976664814c3b5624c32dc5e49c66942de6c3d25580c904a6e21c114c87065b829e2b778fbbb747ef7266cfb7f13a18cdfb2dc2601aaa80b0cb7be970af |
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transaction_id | f049e44d0de0d3a7403ef2419415b6e0875c0d40 |
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block_num | 57,031,577 |
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transaction_num | 65 |
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|
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66. | ref_block_num | 15,230 |
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ref_block_prefix | 1,206,496,850 |
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expiration | 2021-09-01 03:20:24 |
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operations | 0. | 0. | custom_json |
---|
1. | required_auths | [] |
---|
required_posting_auths | |
---|
id | sm_start_quest |
---|
json | {"type":"daily","app":"steemmonsters/0.7.130","n":"ceMBABuzmJ"} |
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|
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|
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|
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extensions | [] |
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signatures | 0. | 1f1840587d7ecdf4f21ad41c2ed3c243ac4ed0cc41e48e148e37decf57c4c7cc111569353c0277fc4fe7b737d121df3770cb3794f6d925fececd771a5fa41bad3a |
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transaction_id | 2b69e85a469620cdd21fc7c137c76bb9aac0c429 |
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block_num | 57,031,577 |
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transaction_num | 66 |
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