Thursday, December 17, 2015
Christen Majors Epilogue
I am excited for the time to come when time will be more important than money. As I can only speak from my personal experience in America (also backed by Wheelan) I will say in general Americans are always going and working and doing. The epilogue of Naked Economics is called Life in 2050: Seven Questions and primarily focuses on the implications on the future. There is a economic theory called the backward-bending labor supply theory gives me hope for our future in America. It gives me hope that we soon we will not have to work like we are on the clock 24/7, like hamsters on a wheel and that we will feel safe in doing so. It gives me hope that my children will have less stress than I or my parents have. Although economics is not the all-knowing and doesn't give us the answer to everything, it does facilitate a better understanding of things like human nature, wealth, poverty, discrimination, and politics.
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