One of the questions Wheelan asked was particularly interesting:
"Will we use the market in imaginative ways to solve social problems?" (pg 320)
This question deals with incentives, and trying to get them right so we can use markets to do all kinds of things. A prime example of incentives is raising gas prices to reduce the amount of CO2 emissions. As a result, less people will drive and choose other, more sustainable methods of transportation. This directly affects my life because I drive to school everyday, contributing to CO2 emissions. As gas prices continue to increase, I will no longer be able to afford the cost of gas. This is only one of the problems that relate to this question, but it makes me wonder as technology advances, in what ways will we use incentives to solve problems they cause.
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