Wheelan uses relatable events that one is particularly knowledgeable of to support and explain his points. His writing is simple but informative. It is not written in a mocking tone and uses interconnects real life examples with simple logic to explain. Wheelan delivers the key points in each chapter and connects them all to each other further along in the novel. Power of Market: In the first chapter, Wheelan uses the phrase “Who feeds Paris” to describes just how powerful of an influence the market is in everyday life. He then states a very important assumption in economics: “Individuals act to make themselves as well of as possible” (Wheelan 6). This sums up the purpose of market as they are aligned so that individuals can work for their own self interest. One of the key aspects of market, the price, is used to distribute scarce resources because “market rewards scarcity” (Wheelan 18). It is also the market’s job to stock up on what the people want and which items would give them the most profit. Trying to control that won’t work. The economy would just end in failure like the soviets did when they tried for a socialist economy controlled by the government. A …show more content…
Other examples are used in the book to show that when a material can no longer bring in profit, then they are dispensable. This, Wheelan states, has nothing to do with compassion but everything to do with maximizing the value of a scarce resource. He maintains that many things in life all boil down to economics. The importance of incentives is emphasized. Economic incentives usually lie above other things in the government agenda, and as well as the priorities of the people. If one could “properly align the incentives of the people” the ability to save the rhinos is increased (Wheelan