I enjoyed reading this essay so much! The way this essay was formatted really helped me find what points stood out to me the most! I completely agree with you point that the economy is not planned nor organized. There is no way we could plan the economy because the world is continuously changing day by day.
He also posits that human psychology is beyond the scope of economic theory. Outside of the purposeful behavior behind human actions, revealing a major economic theory avenue for study. He later states,
I completely agree with this point. Humans have so much to do with the economy and how the world works. The economic theory was made by humans and I feel like helps us realize how much human psychology goes into economics. Humans behavior can change many things about the world what happens to the economy. You state how important trade is for the economy and I agree with this. Trade helps the economy change and bring in new products to benefit entrepreneurs. I agree with the fact that things are constantly changing. Everyday there is a new trend or new style and entrepreneurs need to be able to keep up with this in order to be successful.
In conclusion, this was a hard read for me. Bastiat was honestly easier; I feel as though Bylund finds ways to repeat or fluff out a three-sentence point into a whole essay. In particular with the first readings. Chapters 1, 2, & 4 of How to Think About the Economy: A Primer really only establishes economic definitions and context.
I completely agree with the above statement. I felt the same way about the author repeating himself. I felt like he was saying the same thing but in different ways. I feel like Bastiat was a lot more entertaining to read because he talked about a bunch of different things but somehow they all had similarities with having to do with the system. Overall this essay was a great read and I enjoyed reading your arguments about the articles. You made many valid points that honestly helped me better understand the required readings we were given.