This was a very well written essay, your use of quotes and headings makes this essay very easy to read. Your word count length meets the requirement and is just below the top suggested length and is very well constructed. One thing I would be careful about is using too many quotes, you want to make sure you leave plenty of writing for your thoughts on the subject. This information was new to me and reading Bylund's examples with your explanations were very helpful in understanding the content. With that being said, you did a very good job of highlighting the main points of Bylund's work and expanding on your thoughts on it. You explained the scenarios that Bylund uses as examples very well and made it simple to understand but also showed how complex the seen and unseen of the market can be.
Bylund often explains these complex ideas through much more familiar analogies, and I think that makes them way easier to follow. To discuss the ideas of taxes and regulations, I think it is best if we use his analogy of a small town that has five nail smiths, three bakers, one construction worker, one apple-grower, and one policy-maker (Bylund, 107).
I agree with this statement of how Bylund's uses of examples made it more clear to understand. You want to make sure to not just copy the examples into your work rather than taking the underlying point of them and then adding your personal input about it. I also did not realize the relevance of the "ripple" throughout the market until I read this chapter as well. It was very interesting to see how important each small transaction can do to the market as a whole. That and the different types of regulations that are placed on the market and economy was also eye opening and informative. These chapters taught a lot of new knowledge for me that I was not fully aware of before and you did a great job of restating them and telling your thoughts and opinions on the matters. Just be careful when trying to translate the examples to your own work that you do not go too into detail on the example and leave room to elaborate on it after. Overall this is a very well rounded essay that was an easy and informative read with great structure and use of formatting with the title, picture, headers, and use of quotes that help elevate the quality of the writing.