No. 111: The Invisible Heart: A Market-Friendly Approach to Economics

A few semesters ago, I created a freshman honors seminar in economics. While I was pleased with the course overall, like most first-time courses, there was certainly room for improvement. Hence, I spent the last class meeting having the students discuss their perceptions of what worked well and what did not. Out of that discussion, one comment was most memorable. A young woman who had done very well in the course and who had been an active participant in the class discussions said that she left the course convinced that market economies lead to the highest overall standard of living but that she remained unconvinced about the fairness of market systems.