Links

The information on the information from the links were pretty interesting. There was one about the Invisible Hand by Adam Smith and the other was by Carl Marx and it was called the Manifesto. Both readings were about the economy and how it works. Talking about it in class definitely helped me understand the actual meaning of both readings. Invisible Hand was how the market economy pretty much regulates itself. He talks a lot about supply and demand which can relate to our society now. A lot of our economy is about supply and demand. The manifesto was about capitalism and the struggle between social classes. Supply and demand really reminds me of the gas issue we have. Gas prices are absolutely insane. Prices have gone up 60 cents within the last week. There is no sign of these prices going down either. What is causing this? simple answer is supply and demand. Supply comes from the people making the product and the demand is the people buying the product. As more people use gas, the prices go up because it is harder for it to be supplied. What can we do to lower these prices? Supply more obviously but how? These readings really made me think of our society and how it applies to our market.