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In your own words 1. There is a concept called “creative destruction” that is introduced in...

In your own words

1. There is a concept called “creative destruction” that is introduced in this chapter. Can you think of a process in nature in which it is necessary to destroy something prior to creating something new? Can you see any way that certain elements in the economy need to be destroyed so that other things can flourish?

2. The current chapter is concerned with regulating markets. Why might it be difficult to regulate a market? Do you have any experience with market regulation?

3. Is there a value that can be placed on human life, why or why not? Should an individual always be safe or do what is healthy, why or why not? Are these questions related, how?

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