Understanding the economy – Why bother?

23 May 2017 | ResolutionPossible

economy; RSA; discovering economy


“The economy is all around us,
in fact we are it.”

– From the ‘Discovering the economy around you’ Toolkit.


If we were to scrap the term ‘economics’ what would we use instead?

Jobs, money, banks, the market, inflation, boring, who cares, men in suits, nothing to do with me, rich vs poor.

Some of the words people came up with when we asked them to replace the word ‘economics’. Apparently these are the words we associate with economics.

To the majority of us, the economy remains an abstract concept that has little to nothing to do with us. And it is certainly not something that is ours to control.


“Only 12% of people feel they understand
what is being said in the news”

– Joe Richards from Economy, at the ‘Discovering the economy
around you’ Toolkit launch 22 February 2017


The team at Economy disagree and they are working hard to tell us why. In actual fact, economics is all around us. It touches every single tiny little aspect of our lives. We may choose to ignore it, but that won’t stop it from impacting us. Whether we like it or not, we are the economy, and the economy is us. So ignoring it, or not understanding it, is actually putting us at a massive disadvantage.

Have a look at this tool created by Economy to find out how you and the economy are much more connected that you may think: Economy – Learn.

Economy  and the Citizens’ Economic Council at the RSA  teamed up because they feel that when we don’t understand economics, we can’t make the right decisions that are good for us, our communities, our countries, and in the end: our world. Together they created the Discovering the economy around you Toolkit. They hope that the Toolkit will help remove the feeling that economics is confusing or boring to talk about, and that “the subject (for whatever reason) belongs to experts only”.

map; economy; learn; social conscious; economics; work; market

The drawing above is part of the toolkit created by Economy and the Citizens’ Economic Council at the RSA. It helps us to visualise how we as individuals are part of larger groups and communities. These communities, and the activities we do in them, are the economy. As you can see: we are all very much part of it.

Thank you Economy and the RSA for letting us attend the launch of this brand new and unique way to look at the economy and our roles in it. We hope it will make everyone feel a bit more confident in understanding the world around us and the role we play in it, purely by existing. We definitely recommend having a go at using the toolkit, you’ll be surprised how much you’ll learn and how straightforward it actually is.


Find out more, download the Toolkit, get involved!

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