The central idea of this chapter I believe is that economics is not just for the smart or the
Big time economist of the world but rather it is for everyone. The ideas of economics and having a general overview of what economics is about will affect my life everyday, if I don't take the time to learn economics it could be tough understanding money management later in life so I would say economics affects my life daily. In my opinion the issue that the soviets collapse due to inability to use allocative efficiency. It was great for the soviets short term but not long term. The issues I saw raised were mostly negative and I would agree with Charles in saying that "most politicians could use a dose of economics 101".
Good insight to the central idea of the chapter. Also I agree with what you're saying. Economics effects all of us, not just economists. We're effected by what is happening to the economy even though we don't always realize it.
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