I defined Home Economics as I’d be using it at my house and with my home economy. After defining Home Economics, I decided it’s important to start applying that definition right away and also to start from a “macro” scale. So I started with the first step of the scientific method – observation – and then I looked at the operations of my home to see what goods and services exactly are produced, consumed and distributed.
Observations– When I decided to do an overarching look at my home’s economy, I was given a tour of a machine that I was a part of and in control of but didn’t even really know existed. I started to see how the home economic machine worked and what sorts of goods and services it produces, consumes and distributes.
From what I could tell when I observed my Home Economy as an entire machine – and I’d imagine many many people have a home economic system that looks similar to mine – it became apparent that my home economy worked like this: I wake up, and I distribute my time for money, then with the money, I distribute my money for every single thing I need in life including the very basics of life. This is primarily a consumer-based economy. In fact, throughout the late 20th century and into the 21st century, the average person has been known as a consumer.
This sort of consumer-based home economy is definitely common and most certainly the norm when it comes to how the average home economy works, but is it the best and most efficient?
Question- Is my current home economy set up in the best way possible to meet my life goals, or could it be set up differently to better align with my goals in life? Would being a producer work more in my favor than being a consumer?
Hypothesis– My macro-home economic hypothesis is pretty straight forward. I believe that I can convert my home economy from being consumption-based to being efficiency- and production-based by making micro-economic changes to the way my economy works. This will result in more personal independence and freedom allowing me to achieve my personal life goals, whatever they may be.
By applying the scientific method to the different areas of the home economy, I’ll be able to identify and address areas of my home economy that are consumption-based but could be run more efficiently or even become production-based. A good example would be something like solar panels. Currently, I consume electricity from the grid, but if I had solar panels I could produce electricity at home. This would be an example of an area in my home economy where I am currently a consumer but could possibly become a producer. We will definitely be looking at this more at a later date.
I’m gonna end today with my hypothesis and most everything that follows will be attempts to prove this hypothesis. In my next blog I’ll begin to break down the different areas I produce, consume and distribute in as a home economy and identify opportunities to zero in on.
What do you think about my home economic hypothesis? Do you think that making my home production-based over consumption-based will improve my independence and freedom allowing me to achieve any personal goal I wish to achieve? Or do you think that the current home economic system that almost all of society is already the best system out there and there’s no reason to change?