Tuesday, September 30, 2014

Kyle Kispert Chapter 2 Question 6

I found the story about the FAA attempting to protect children very interesting and significant. Child safety is an issue that some people are passionate about yet one idea to help actually would have a negative impact. It makes you think what else is done to help the common people but actually hurts them. It's also a good example of how extensive economic thinking needs to be to ensure a positive outcome. Incentives can be deceiving and you can't be narrow minded in assuming outcomes. As this chapter referenced what economists think, it makes me wonder what an economists profession is like. Do they sit in a cubicle researching and publishing their ideas or do they produce their ideas from the field?

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