Tuesday, May 12, 2015

Rachel Zellie, Epilogue, Question #6

I love how Wheelan ended the epilogue stating he doesn't know how anyone could possibly not think economics is interesting because all of the big concepts of economics stretch into our everyday lives. Since beginning this class in January I have noticed basic ideas of economics being applied in my life everywhere from grocery shopping to interactions with friends. I also really enjoyed reading Wheelan's book especially the epilogue, because he tries to answer some of the larger questions surrounding the economic future but also raises so many more important questions. I thought the most interesting question Wheelan raised was "Will we use the market in imaginative ways to solve social problems?" I found this so interesting because of the constant irony surrounding what Americans do to solve social issues. For example with the education system we try to encourage the importance of education but simultaneously make it difficult for people to become teachers. Or how we never really reward teachers when their students do well or punish them when they do poorly. These are just a few examples of how Americans say they want to fix social issues but usually do the exact opposite. Furthermore, I enjoyed the entirety of the book and this last section has opened a Pandora's box of questions for me to look into.

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