Tuesday, December 9, 2014
Sophie Gunderson, Epilogue, Question 3
This final addition to Naked Economics focused on what the world will be like in 2050. Who ever knows what the world will be like 5, 10, or 50 years from now? Charles Wheelan helps by asking questions and proposes different possible answers along with additional questions raised from the original question. He implies that the future is obviously very unknown. We have the tools (economics) to fix many problems and implement many different probable solutions but will we? Will we focus purely on getting richer and more productive or will that obsession cease and instead we spend more time in parks listening to music? Will the developing countries develop into economic powerhouses or will they continue to trickle along like they have through the past decades? Lastly, will America's current approach on markets and the economy work the next 50 years effectively? Overall, it's a bit frightening that we don't know what the world will look like in 50 years yet also empowering because we have to tools and we have to choice to fix the problems, we just have to figure out how.
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