Epilogue

The epilogue of naked economics raises some interesting questions about life in 2050. One of these questions asked if we would use markets in an effective manner to solve social problems. At first I thought yes because that is what it seems like we have been doing with the market thus far but the education system example states that good teachers aren't payed more than bad ones and there are no real rewards for the schools students that do well or punishment for under performance. Perhaps to improve education schools must be rewarded or punished based on their students performance in order to improve the quality of not only the educators but the students as well. Just as how the doctors that wouldn't work on curing quite a handful of diseases until it was rewarded if they did so. All I'm saying is that everyone has a price and we need to use the market in such a way to meet everyone's price to the best of our abilities.