Tuesday, December 9, 2014
Nathalie Heidema, Epilogue
Economics uses many tools to make our lives better. To make the best out of these tools, we must set our priorities, determine what trade -offs we are willing to make and what outcomes we are willing to accept. The future is full of uncertainty but we must start and do things now to make it better. The environment is one thing. If we get the incentives right a lot could be done well. We should impose taxes on on CO2 emissions and encourage green technology. That means that if we want innovation we need human capital and that's when education plays its role. Of course, it would be a waste to use just half of your work force and so all countries should promote gender equality.. We could go so on for a long time. In a nutshell, economics is (extremely) necessary because it is about everything - our social lives, wealth, poverty, gender relations, science, environment, politics, work, trade, travel, issue like discrimination or diseases.. It offers many solutions (not always moral), it help a lot (but can also harm too- especially with wrong incentives) and it can create a better place to live for us. Simply, economics is life (so learn it well!).
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