Christen Majors, Introduction, Question 1

Charles Wheelan mentions the issue that arises when people live their lives without keeping Economicis is in mind. "Economics is like gravity: ignore it and you will be in for some rude surprises." (xxii) The financial crisis during the Great Depression arose in part by the illiteracy of economics by the America people. We tend to think that the people in power posses the most economic understanding however most Americans don't fully understand the full effects of economic decisions and tend to put bandaids over problems that need full on sutures. The issue of economic ignorance effects all people, in the case of the French the misunderstanding of the full problem that arises with unemployment and the Frenches governments attempt to put a bandaid over the problem led to a policy that did nothing to "fix the unemployment problem." (xix) If we continue to live life without awareness of the the importance of economic influence on everyday life, we will pay for it in the future in more ways than we know. Our economic decisions have social, environmental and and political impacts.