Gunnar Nelson, Epilogue, Question #1

In the epilogue of Naked Economics, Wheelan describes the direct correlation between our generation and the future of the nations economic growth. Wheelan describes the Economy as a tool, which can be compared to physics. Physics made it a possibility for us to explore the moon, however it was not the driving force. In the same way Economics is used as a tool for us to use, which can either lead to a better understanding, and success, or lead to misfortunes- depending on how we use the tool. Ultimately we have the decision on how we should use the tool.

This directly correlates to my life. Later in the epilogue, Wheelan states that "Markets don't solve social problems on their own. But if we design solutions with the proper incentives, it feels a lor more like rowing downstream." In summary, anything can happen with the correct incentives. It is up to our generation to use the tool of economics as properly as we can. We never know what will happen, what the living conditions will be like, how international issues are, however with the proper incentives, we can be sure that we can face whatever occurs, and bounce back with strength.