Dr. Steve Horwitz

Dr. Steve Horwitz lectured on the importance of economics in critical thinking, citizen engagement, and social justice. He identified how institutional arrangements, accompanied by citizen involvement, will create systems to help sustain economic order in society. On the other hand, Dr. Horwitz stated how economics should make people better decision makers in their everyday lives. However, he discussed how decision making can often go awry through unintended consequences, or decisions which create opposite results from one’s initial intention. For instance, he discussed a scenario in which children under the age of two were once permitted to sit on their parents lap, free of charge, when riding in a plane. However, airline companies have recently