Ordinarily, we expe1ience the economy in temlS of our own jobs, annu:il e:imings, debts, expenses, and so on. UnJess we are trained economists, we tend not to understand these matters as the effects...

Ordinarily, we expe1ience the economy in temlS of our own jobs, annu:il e:imings, debts, expenses, and so on. UnJess we are trained economists, we tend not to understand these matters as the effects of a system-a system of the kind that Stiglitz describes. Drawing on Stiglitz. make an argument about the dilference between our personal expctience of day-ro-day finances and the systemic perspective that economics provides. What are the blind spots in our experience' How does the nan-owness of personal life help co conceal larger commonalities :md differences? What elements of your experience are overlooked by the focus on the economy as a system?