Class 4: intentions does not equal to results

Today, mr Rizzo introduces a few ways to analyze issues around the world through the lens oaf an economist. One of them will be to compare the change of price and benefits. Although by this method we could not really solve the problems around us, we understand the concepts and laws behind how everything happens the way it is. With that he comes out three reasons to study economics: have a sense of wonder about the world around us, understand the concepts of how things work and know the facts. A good intention doesn't really bring good result into the equation unless we understand the facts and concepts of how everything works out.