Short Essay Answer Key
1. Who wrote the book's Foreword? What does this individual say regarding the perception of economics and economists?
The Foreword is written by Burton G. Malkiel. He writes about how the subject of economics has been considered dismal and dry for over a hundred years. He finds that the tarnished view of economists come from presentations filled with mathematics, diagrams and tables. Economists aren't strong in writing overall, and they don't show the connection to everyday life.
2. What is the difficulty of studying economics, according to the author of the Foreword? What is the role of economics in everyday activities?
Economics is a tough subject, much more difficult that other physical sciences because it can't be defined by lab experiments. People aren't predictable enough to count on, yet economics plays a critical role in in daily activities and interactions such as obtaining health insurance and...
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