economy, school, wellness

Beginning: My Favorite Economic Principle

From Dr. Marc Dussault

“We are spurred by our personal goals tempered by reality.” ~ Bill Flax

You might be surprised to learn that my primary major in college was economics. I bounced around from the School of Engineering to several life science majors to international relations and then ended up loving economics. 7 years after undergard, I went to business school and econ was one of my favorite classes while many of my other classmates groaned at the thought of it.

The economy is the world’s largest machine, dynamic and always being tinkered with. It is the manifestation of our collective consciousness, our hopes and fears, our expectations, disappointments, and triumphs. It is our living, breathing history.

Bil Flax’s article in Forbes Magazine this month reminded me of how much we have to learn from watching the economy. He clearly and succinctly lays out its main tenants in a single page. He untangles some of the mystery and takes out the trepidation felt by those just beginning to study the economy. He brings it to a human level. He reminded me of why I majored in econ and the principle that driven my entire career – leverage.

In recent months leverage has gotten a bad wrap. It’s connotation denotes reckless spending and irresponsibility. The kind of leverage I’m talking about is the opportunity to make a difference. Think about what you’re doing every day. How many people is it helping? And in helping those people, are they enabled to then help others, and so on down the line. I’m in the process of making my next career move and this definition of leverage has been on my mind a lot lately. My greatest wish is to be useful, to look back from the other side of this life and say, “What I did with my days made an enormous difference in the lives of others. I helped as many people as I possibly could.”

So how am I going to get there? I’m going to lever up. I’m going to inspire, encourage, and provide wellness in all its forms to people who want to help others be well. This is economics at work.