Epilogue

"Economics can help us understand and improve an imperfect world. In the end, though, it is just a set of tools." At the end of his book, Wheelan essentially restates his main beliefs about economics a and how it can be helpful to us. As I read the epilogue it seemed like a summary of what I learned from reading the book. Economics is not some abstract concept taught in dry lectures, it's everywhere around us. Gaining understanding about economics gains a better understanding of the world. With economics as a set of tools we can strategize towards a brighter future, but it is important to remember that economics is ultimately a set of tools and cannot account for things like asthetics and happiness. If we could effectively use our knowledge of economics to create the right incentives, I believe the world could be a much better place. Unfortunately that's much easier said than done.