Tuesday, January 20, 2015

Trenton McCarthy, introduction, question 7

After reading the introduction, I realized how important economics truly is. It isn't just for the top business men or the top government officials. Economics can be used by the ordinary citizen every day to improve their decision making. It's funny to think that we usually expect those top business men and government officials to be the best economic thinkers when in all reality, they could be considered some of the most ignorant economists. Why are we voting them into power in the first place then? It must just be good politics. By reading this intro, it has become clear to me that by reading the entire book, I will be enlightened to the true ways of an econimist. As the author stressed, it is extremely important to be knowledgable instead of being illiterate in terms of economic thinking.

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