One of the most influential worldviews in the discipline of history is that of historical materialism – the idea that history is primarily driven by economic and technological innovations and necessities. While there’s room for debate on this idea, you’d still be hard-pressed to find someone who would seriously argue that economics has no influence on the course of history. The entire second half of the 20th century was dominated by a cold war between two superpowers representing two different conceptions of how best to structure an economy, and these differences still spur struggle today. Likewise, systems of government – oligarchic, social democratic, republican, autocratic, parliamentary, constitutional monarchic – these all have a profound impact on the course of history. A thorough understanding of economics and government enables a person to succeed both locally and globally.
Economics is often divided into two fields: microeconomics and macroeconomics. Microeconomics deals with small-scale economic effects – individual companies, people, buying, selling. Macroeconomics deals with much larger effects – centrally set interest rates, global panics, revolutions, and other huge events. Both of these can be particularly useful for anyone who wants to succeed in multiple disciplines, especially business.
The study of government can be especially useful as well, to entrepreneurs, lawyers, and many others. Understanding the way the US government works can be especially useful to American students, and can make you a better citizen as well as a more successful person. At Ascent Tutors we have a plethora of available tutors ready to help you understand these complex but important issues – give us a call if you’re ready to get started!