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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