Sunday, January 18, 2015

Andrew Johnson, Introduction, Question #7

From reading the Introduction, I believe that economics requires that one thinks broadly. Being that every action comes with costs to the individual, society, or both, I have to change my viewpoint of economics. I have always seen economics as a way of minimizing one's personal costs and preparing for the future. I believe that Charles Wheelan is trying to tell that me (as an reader and individual) that I must open my mind in how economics is used, presented, and integrated into all personal & societal situations in order to recognize the plausible implications that come with such situations.

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