The Principle

The economic principle I examined was "Institutions are the “rules of the game” that influence choices." There are many examples of how this economic principle can be applied to the real world. While studying air pollution found many examples of this principle. First, The institutions that we have implemented in our society can cause great deals of good that can happen because of government programs. The EPA was an Organization which the government made to help put an end to air pollution as mentioned in my second blog post  "Government's Air". This shows that the institutions have tried to make our society better and preserve our breathing air. By making organizations and letting them fight it. Second, institutions can also make it worst depending on who is running it. In my third blog post “The Government is Choking Us”. The government hurts the fight against air pollution by slashing the EPA is budget, or by having the president of the United States not believe in the change in our environment.  This demonstrates that institutions can harm us and just as easily help us. They are harming us by not help aid a fight about a real problem that can harm everyone a lot more. Third, the institutions that don’t help will get hurt if not directly, indirectly from the bizarre things that could happen to the earth if the ozone layer gives out on us. The things that could happen to us in a matter of five seconds are mentioned in my fifth blog post “No Air” This means that everyone will get hurt at the end institutions can harm themselves and help themselves by not hurting the opportunity that is given to solve solutions. Overall, you can see that Institutions can either benefit the people, hurt the people, or even hurt themselves. They can do all of this by supporting one side or the other.