🎓 A question I arrived at as a graduate of the Department of Business Administration at Meiji University: What are economics and business administration for modern people?

At the bar of Marxist economics, my memories of my school days revived vividly. As a graduate of the Department of Business Administration, Faculty of Business Administration, Meiji University, economics and business administration are long-standing unresolved questions. In this blog, I will consider the significance of these studies in modern society from my experience.

🍻 Return to Economics and Specialized Subjects

A recent visit to the Marxist Economics Bar at Event Bar Eden reminded me of everything. When I went there, I remembered that I was also a former economics student and graduated from the Department of Business Administration (Meiji University).

I did not have any specialized subjects because I wanted to be a local public servant, and I studied political economy as a general education at a satellite preparatory school, but there I learned a little about macroeconomics and the idea of a popular monetarist. I remember that the idea of manipulating the market with the supply of money was very fresh because I did not study it in detail at university. I think macroeconomics in university was a method of controlling the economy by stimulating public investment and consumption.

However, if you think about it, supplying money to the market has nothing to do with the bureaucrats of the Ministry of Economy, Trade and Industry, the Ministry of Finance, and the employees of the Bank of Japan, and I think that it was useless for local public officials to learn.

The Department of Business Administration at my university was called the Department of Business Administration, and the required subjects were Marxist economics, microeconomics, macroeconomics, and other subjects from economics.

🏢 Memories of Corporate Governance

There was a lecture on business administration, and there was a student who was very old and could hardly hear his voice even in the front seat, making a noise during the class, but under such circumstances, sometimes he

"Corporate Governance, Corporate Governance!"

I still don't understand the meaning of corporate governance.

And just because I studied a lot of economics in the Department of Business Administration, it doesn't mean I understand economics.

💡 Corporate Governance: The overall framework by which a company makes fair, transparent and prompt decisions for shareholders and other stakeholders to ensure the soundness, efficiency and sustainable growth of the company.

📊 Modern Economics: The Purpose, but the Essence?

Economics is said to be the thought of Keisei Saimin, but of course I still do not understand its meaning, and I do not know what economics itself is.

You can understand the explanation that microeconomics is about business management and macroeconomics is government finance, but as you know, microeconomics and macroeconomics use higher mathematics, use partial derivatives and Lagrange coefficients. Of course, students who have ignored mathematics are difficult to understand and cannot solve exam questions. I remember memorizing mathematical formulas and writing them on the answer sheet to take credits.

So, what exactly is economics for modern people? Even if you ask microeconomics and macroeconomics about the significance of their existence, microeconomics is to improve corporate management, macroeconomics is to control national finance and bring wealth to the government and the people, almost the purpose.What is being discussed in macroeconomics is how to improve government finance by using the money supply and public works, and it can be said that the answer to that purpose has come out.

🍎 Marx and Adam Smith's "Sexual Good" vs.

The reason why Marxist economics is fascinated by people who like economics is that the stance that Marx asked about strictly defining things such as labor, capital, money, labor, etc., discussing how to define them, and talking about solving problems was suitable for scholars and modern academics.

Furthermore, although I have never read The Wealth of Nations or The Theory of Moral Sentiments, few people believe in Adam Smith s idea, the invisible hand of God, completely and simply, and if you apply it to national finance, you will likely be told to separate politics and religion.

My seminar professor, a philosophy teacher, said that he was deeply influenced by Adam Smith's Theory of Moral Sentiments, and he concluded that human relationships are deeply influenced by commonality and empathy, and when applied to a market economy, managers, consumers, and workers can understand each other at the optimal place.

For Marxist economists, such a thing is absurd, and they are required to prove clearly about the invisible hand of God. Since the modern era, it cannot explain the evil parts of companies, such as exploiting workers and causing pollution, and if you tell that to the professor,

It s because they don t get Adam Smith right.

It was refuted.

I also learned that Adam Smith's philosophy and economics were criticized as "the logic of the strong" at the time, but I had prepared many objections to the professor at that time, such as saying that all Japanese business owners should read Adam Smith's book, but I finally did not do it.

My mentor, a philosophy professor, was a thorough believer in the goodness of humans.In Buddhist philosophy, he liked to talk about the Buddha nature of Dogen, Kant's moral law, Rawls' theory of justice, and how human beings are good.

There is no doubt that macroeconomics, microeconomics, and Marxist economics emerged from such criticisms of classical economics such as Adam Smith. In a sense, they believe in the theory of evil, and in a sense, they believe that humans and the markets they create need to be controlled.

⚖️ Business and Microeconomics

For example, microeconomics teaches that there is a break-even point, and if it falls below that, you must reduce your business, withdraw, or make another investment to increase sales.It is natural for ordinary business owners to believe that the sales of a company are always constant according to textbooks and business plans, but some people may think that it is unchanged or that you should continue your business to some extent even if you fall below the break-even point.

As long as a company is not a team management, management is done by the judgment of the management, so there are various ways to manage it.

If microeconomics is related to business management, then the question arises as to how it differs from business administration, and what is business administration in the first place. Even though I was in the Department of Business Administration for four years, I could not solve that question. It is also because I chose the third-year management culture course, which is the easiest and easiest course to take credits, but those who chose other classes are not directly related to business administration, such as finance, finance, and corporate law.

Now that I think about it, there was no real business owner in the Department of Business Administration. Many of them were professors and lecturers who had never graduated from universities or academics, and those who had experience working in private companies were the best. If you are a business owner, you do not have to bother becoming a university teacher.

💡 Conclusion: A Tentative Definition in Me

In closing, I think that economics at the moment is a way to lead humanity to happiness, which is also done with money, commodities, and substances that exist in the natural world.

Regarding business administration, management of non-profit entities and partial management of government agencies have been widely regarded as fields of business administration for quite some time, and it is difficult to define them.

At my university, there were many scholars of anti-Taylor management, and there were many people who had ideas that went against the idea that companies pursue profits and that it is necessary for the continuity of the company. Certainly now there are options to grow the company and sell it, so it is not necessarily for continuity, but it seems that it is a prescription for operating a wide organization for now.

Business Administration Keisei Jeimin Marxist economics Adam Smith # microeconomics