Tuesday, December 9, 2014

Darby Quast, Epilogue, Question 7

Before reading this book or taking this class, I had never really thought about economics.  I knew it had something to do with the stock market and was fought over during the presidential elections.  Now, like Wheelan stated, I understand that it can be used as a tool, and if used correctly, can solve many of our worlds greatest issues.  I would have never thought that environmental issues, or the extinction of African Tigers could be solved using economics.  Also something like poverty, a seemingly impossible problem to fix can be fixed, or lessened by simple economic policy.  It seems as though people today are very ignorant when it comes to these topics and I realize now the importance of having a basic understanding.  The reason why things aren't being fixed is because of this lack of understanding and that is something that I think needs to be changed.

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