Nathan Rowley, Chapter 10, Question 5

I found page 241 of chapter ten to be the most interesting. On that page, Charles Wheelan describes how "the Fed started to do things that one recent economic paper described as 'not in the current textbook descriptions of monetary policy,'" in response to the 2007 financial crisis. He shortly follows with the statement "Ben Bernanke and crew pulled out the monetary equivalent of duct tape." As our economies grow larger and more complex, governments will have to find novel ways of managing economic trends and mitigating crises, as the Fed had to do in 2007.

The physical sciences have developed beyond their basic stages, and consequently produced engineering jobs applying scientific knowledge. Economics, in its current form, is still in a basic stage. Perhaps we will see job openings for economic engineering in the future.