Sam, McDonald, Introduction, Question #7

After reading the just the  Intro to Naked Economics, several important economic fallacies and key points have been brought to light. I learned that many ordinary people, myself included, and politicians both do not understand some easy and fundamental concepts of economics. This could be a problem as some of these politicians are running huge entities such as countries. As stated in Naked Economics, the French government attempted to fix an unemployment problem by shortening the maximum workweek from thirty-nine hours to thirty five hours a week. By shortening the amount of hours each individual worked, France hoped the extra hours would go to the unemployed. According to economists this would not work, and it didn't because France assumed that there was a fixed amount of jobs, which is completely false. Other politicians often claim that "outsourcing and globalization are 'stealing' American jobs", And before reading this introduction I assumed the same thing. But according to economists, although there are some losers, for the most part this is completely untrue. Although it is broad, after reading the introduction I have begun to start thinking in a more economic manner. For example, instead of thinking primarily about the direct and immediate results of an action, I now am attempting to look what the lasting results on the community look like.