Dr. Saifedean Ammous | Only | Activity https://academy.saifedean.com/members/theonlyemeka/activity/ Activity feed for Only. Fri, 15 May 2026 04:43:29 +0000 https://buddypress.org/?v=2.21.0 en-US 30 hourly 2 f021a8f0b39a21461dab49485ae89983 Only joined the group Economics study group https://academy.saifedean.com/news-feed/p/15715/ Sat, 30 Sep 2023 05:07:38 +0000 0 0c2affe4a45506bd0f970f6c41ebec24 Only replied to the discussion Mistaking Accounting Identities for Causality in the forum Principles of Economics https://academy.saifedean.com/forums/discussion/mistaking-accounting-identities-for-causality/#post-45650 Thu, 28 Sep 2023 17:11:32 +0000 Reply to Mistaking Accounting Identities for Causality

Hello. Accounting identities as I understand it simply means those aggregates that are derived using accounting equations. For example, GDP or an income statement which are derived using formulas. These identities do not cause economic phenomena. Human actions geared towards meeting ends using scarce means is the fundamental level of…

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