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Issue 67 - 04 | The Laws of the Econosphere

By Craig Thomas
Published Feb. 11, 2010 12:32 a.m.
“I call the environment in which we live the Econosphere. It is the world created by and governing of human decision making, and it is our home. It provides for us and nurtures us. It reacts to and informs our every interaction and, if we understand it, allows us to optimize the use of our life spans moment by moment. This environment is not, however, one made of oxygen and hydrogen, oil and steel, high mountains and low plains. Rather, the Econosphere is our social environment, where we work, live, raise our families, and govern ourselves. We need to start thinking about the economy as a holistic, natural system. To those who are inclined to see it, it is breathtaking choreography on a global scale with billions of performers, each one in character, playing his or her unique role so that the entire ensemble shines. The Econosphere provides for us, yet it is also of us.”

About Craig Thomas | Craig Thomas is a veteran private-sector economist, working today as Senior Economist at one of the largest financial services firms in the United States. Among his previous posts, he was Director of Research for Citi Property Investors, Citigroup’s private equity real estate arm, developing information that drives billions of dollars of investment decisions. Specializing in regional, macro, and real estate economics, he has modeled and analyzed myriad markets and asset classes, presenting his findings worldwide. His economics columns quickly gathered an avid readership of more than 30,000 economists and noneconomists who appreciate his unique ability to explain complex theory in a simple and entertaining way.

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