Hayoung Lim, Chapter 6, Question 7

What I found most notable in this chapter was the concept that no one loses when another gains in economy. Starting with the concept that the pie is not being re sliced but actually growing, thus giving everyone more pie. The example that really made me care about this concept was the one that stated that if 500 million impoverished Indians were to become increasingly productive and move away from poverty it would benefit everyone. My initial instinct is to think that there is only a set amount of wealth in the world and that if they were to gain from their productivity others would have to lose. I was thoroughly intrigued to find that in actuality such a circumstance would only bring more innovation and human capital to increase the wealth of others. With increase wealth they could afford things such as cars and electronics, therefore helping everyone in return. The power and influence that human capital has encouraged me to look at economy very differently from how I did in the past. Economy is a study of people more so than a study of money.