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Economy or goberment related - Personal Statement Example

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In the work the author traces the development of Economics through an assessment of the manner in which the field has taken over the newspapers throughout the years. This…
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Economy or goberment related
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Economy or goberment related

Download file to see previous pages... One can clearly see how Economics has overtaken all other fields.
Wolfers (2015) gives an explanation of the development in question by arguing that the Great Depression was the major reason why Economics took over. The government needed to devise a way that would relieve the country from the economic strains that it had gone through. The economist came in handy. Major focus and importance was given to Economics as it gave answers to the existing problems as opposed to Psychology or even Anthropology (Wolfers, 2015).
In the work, the author also explains that Economists are also consulted in numerous fields today, including fields that touch on social issues (Wolfers, 2015). This explains why Economics has become a major for many students, as the field is extremely marketable in the job market. The popularity of the field is also expected to increase with the years.
From Wolfers’ (2015) work, I agree that the field of economics has taken over the field of Social Sciences. In the present society, it is evident that a huge percentage of articles, even in the archives, mention concepts related to economists. The number of articles on Psychology, Sociology and other arts are reducing by the day. This explains the extent in which the world is shifting towards an economic turn.
Wolfers (2015) also explains that the rise of economy began in the 1980s to date. This can be linked to the Great Depression that caused massive impacts on the economy of the country. After the catastrophe, the government opted to come up with stringent measures that would prevent such an occurrence (Wolfers, 2015). This explains the great interest in economics. I agree with the author’s sentiments as the government was obligated to come up with measures that would see to a stable economy.
The historians that had taken up a huge share of the market had no place, and were slowly overtaken (Wolfers, 2015). I believe the economists were justified. No government ...Download file to see next pagesRead More
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