Monday, May 18, 2015

Trenton McCarthy, epilogue

It is all wrapped up in the Epilogue, giving us nice closure to a well informative, interesting book. The seven questions are only some of the questions we as economists should think about when talking about the future. It all points back to one of the most important rules to be and economist: think about the long run and not just the short term benefits. Every decision we make has an effect. Using this book as a vessel, Wheelen has simply provided us with a useful set of tools; nothing more, nothing less. But just like Wheelen writes towards the end of the epilogue, there is no silver bullet for economic theory just like there isn't one for cancer, however, there is only always a chance to improve it. All is takes is a smart economist who was provided with a foundation or a set of tools to make educated, rationally economical decisions.

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