The Economic Revolution

The Economic Revolution, a chapter taken from the book " The Worldly Philosophers. The Lives, Times, and Ideas of the Great Economic Thinkers" written by Robert L. Heilbroner, illustrates that economic is basically a modern concept that undergoes a multitude of changes and evolution. The current economic system, which we are educated in the modern perspective, is based on a market system with really invisible and intangible concepts on demands and prices that the old society could not possibly grasp. The old society depends largely on planning, rules, rituals, and so on; there's always a place for all types of people like philosophers, scientists, farmers, but never economists. So the very interesting part of this chapter is basically on how do economist and the study of economics in modern perspectives appear into the picture of today's world? Economics ways of thinking is just not something that fits into the picture of the mindset of the people. The people just don't need to think like that. And then the people began to slowly accept the new ways of thinking, which is giving the freedom to the people to do things that benefits them the most on their own. Economic revolution comes into the picture, still how can the world begin to come out of their own comfort zone and let the invisible hands taking care of their transactions and the market? I think it takes more than just a single event for me to move out of my own business well taken care, well planned by the authority and just go and make the thing that is out of my highest interest. It's just crazy, the world will definitely be a mess without something to take care of it. Besides, the religious institution has to react in certain ways when the economic ways of thinking penetrate into the conventional economics system. How were they modify with the system? The thinking is used to be that it is sinful to earn the highest benefits for your own. It's just weird and surprising to come into a realization that, in spite of everything that the economic revolution had gone through, the system works GREAT and we are so used to the modern market system until we become ignorant to the background and history of modern economic ways of thinking.