Tuesday, December 9, 2014

Madison Webster, Epilogue, Question 2/6

Like most people have mentioned, the Epilogue does a good job wrapping up the book. It reveals that many of the topics Wheelan discussed throughout the different chapters really does relate to our lives. Some of the information didn't seem important at the time but I feel as if Economics all ties together, and a topic may not be so important when standing alone but is very useful when woven with multiple points of emphasis.

I thought the portion titled "In forty years, will "African Tigers" refer to wildlife or development sucess stories?". This section was particularly interesting because it was really clear the the future is a mystery. We can predict and suggest ideas as to what will happen, but nobody knows. Wheelan gives many examples in the form of questions as to what economic issues could be tied in to affect the future. Monetary distribution, technology, human capital and market economy were all mentioned. I guess I never thought about the economics in the future. I will hopefully live on longer and I will be needing to think about these concepts more regularly to understand a clear image of what is happening in the world around me. I am glad that this book has given me a firm base of economics.

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