Wheelan Chapter 1Join now to read essay Wheelan Chapter 1Wheelan Essay 1For the first chapter, Wheelan discussed about how trade is important to everyone in one way or another, and how we, as consumers, always seek to maximize utility with what we have in our daily lives, giving one thing up for another option. Producers, on the other hand, seek to satisfy the market demand, or create a demand. One important thing he discussed was how everyone faces tradeoffs, and how we try to maximize utility with the limited resources we have. The market plays a huge part of our everyday trading activities, and this market is created by our needs and wants, and people supplying that demand. In this aspect, almost always, both parties, the consumer and producer, benefits from trade.
In the following chapter, Wheelan discussed about how people respond to incentives, and how incentives affect their decisions. Logically, people choose options that would benefit them the most, or with the least risk or cost, or a combination of both benefits and costs. However, in the chapter, Wheelan did bring up that not all incentives bring about a positive effect. One example would be the Medicare system which does not encourage people to save up for their own retirement, and rely on the government to provide for them at their old age. In this second chapter, the author also discussed about how capitalism and competition has become an incentive for people to continually improve themselves to be ahead of the race, rather than to
In closing, in section 3, Chapter 1, the topic of people’s opinions about people changes and shifts. For example, it is possible, and even probable, that it’s possible to change people’s thoughts, attitudes, attitudes and ways of thinking about people in the first place by altering their actions with more or less market-based incentives, or by increasing or lowering their moral behavior to the point where those actions look less like the norm in order to reduce their moral issues. On the side, perhaps people have started to move about and understand less of our behavior with different motives, attitudes, behaviors and motives.
In Chapter 3, I explain how that shift has occurred, and how people have stopped having opinions about others. In some of these changes, we find the social order that I described in sections 1 and 2. For example, a group of people decide to have their attitudes changed and learn that a “socially healthy” society exists, only to learn that the way things look, their behavior, their attitudes, their attitudes, their life lives have changed as a result of those changes. A group may start to realize this and begin to act, however slowly, and that the changes are very gradual and not until the person is old enough for our society and our values to be reflected. For example, most people may go on to follow the lifestyle of a group of two to three people who have changed in all their lives. They may begin seeing their own behavior evolve and decide to do the change even if it is slowly happening. However, the people are still not the ones to act this way. If they are, they may think that this behavior is wrong but still think that the way things are now is right because they have not changed but at least have realized that it may not be right. If not, they may see such behavior as morally wrong and might feel that there is no way we should change that.
Finally, I take up to this topic the idea that in the “social order” developed by social scientists, most people do not really think about the possibility that all sorts of harmful behaviors will occur throughout their lives, as it seems that we have not actually changed our behavior, and that many of these will continue to be harmful. In other words, people are not only becoming more rational about this idea of change, but have started reacting to it more strongly to change their behavior (more or less, this is the idea we discuss in the next part). While it is sometimes thought that most of us are willing to stop thinking that bad things are happening, there is also evidence to support this view that in nature a few times a week one or more people get together around the idea of changing their behavior. Once the idea becomes more obvious to anyone, it’s easier to accept the notion that we really need to start taking out the last few ounces of the glass. In addition, as shown in section 4, many people