"Economy is the art of making the most of life."
I think one of the reasons I'm enjoying Econ right now is because it deals with real life problems. On page 7, talking about South American villagers who are "destroying" their environment to save themselves (when they're really only putting their resources to good use) is something that angers and "disgusts" certain Americans. Why should it? I understand caring for the environment is something even God commands us to do, but we need to care for our environment, not other nations' environments before our own, people and environment. I think that is something Americans are also stereotyped for is being too nosey with other nations. I love the way he puts it on page 8: "It is simply bad economics to impose our preferences on individuals whose lives are much, much different."
Cost is not just money; it is something I hadn't really thought about before. Nothing is free because if it didn't cost me money, it probably cost me time or labor or something else. And the idea that raising the cost of something makes people buy/use less of it is huge when we think in terms of the power and influence that advertising uses to get people to buy their product while competing with another company. It's amazing to me how much economics drives everything we do, no matter what, it's still relevant to some degree. We've got to weigh the cost of everything we do in order to get "the most out of life."
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