Per Bylund

Economics education fails to communicate the obvious fact that markets solve problems, not that they require that all problems have already been solved. That students struggle with understanding the use and value of models, and may draw the wrong conclusions when studying market forces in the abstract, is unfortunate but understandable. It is the duty of the economics instructor to make sure students do not get the wrong ideas—that they go home with a greater understanding of how economies and markets work. Education, after all, should be enlightening and provide the student with new knowledge.