It was interesting reading your response to Bylund's first chapter from The Seen, Unseen, and Unrealized. My thoughts correspond very similar to yours on the main takeaways from this reading. I agreed with your statement that the study of economics is fascinating, and we should view it as a way to support what we find valuable. I like how you included that he goes into the role that entrepreneurs have in society. Many people do not realize the power they hold in both small and large markets. This is because they are the ones who are willing to put in the work to make a difference. Disruptive technologies have recently become even more of an important point of discussion. While this is not necessarily a bad thing, it does leave large effects on the economy. The increase in social media marketing has made it very easy for new companies to compete with established ones. When thinking about platforms like Instagram, it is hard to tell if the company was created as an online store, or if a product is being advertised. Going along with social media, technology has made it very easy for entrepreneurs to see what consumers value. This is a great example of how consumers and entrepreneurs exchange value. The quote you included explains perfectly stating: “Many disruptive technologies change people’s behavior not because they respond to an observed want expressed by consumers as an unmet demand, but because they solve a problem that many of us have long stopped considering as a solvable problem – or haven’t even thought of as a problem to begin with” (Bylund, 2016, p. 10). Understanding the relationship between consumers and entrepreneurs is very beneficial to fully understand the economy. In the section answering the question of what economics is, I further understood the tradeoff with value. I had not considered the effect that opportunities left on people and the economy. I agree with your statement on the importance of being educated about the economy. Entrepreneurs have a large effect on the market and the quantity of output and input. It was interesting to hear your takeaways on economic theory and how achieving something of value takes work. I had very similar takeaways from Bylund's book, and see why it is important to read.