Julia Carle, Chapter 13, Question #7

After reading chapter seven of Naked Economics  is mainly about how economics knows how to solve many economic problems, but at the same time, economics doesn't know major economic issues. Wheelan even stated "we do not have a proven formula for growth that can be rolled out in country after country like some kind of development franchise" (296). What I've learned from reading this chapter though, is that economics doesn't know exactly how to have every country be as prosperous as ever. I also learned the sad truth when it comes to the impoverished part of the world which is two billion people. That is a crazy high number that I wish wasn't true. I knew poverty was a big problem worldwide, but I was completely oblivious to how many people are affected by it. It has broadened my perspective on worldwide poverty. It's made me feel more grateful that I was born into a relatively prosperous economy compared to others around the world.