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Within Dr. Bylund’s “The Seen, the Unseen, and the Unrealized” many points were made that allowed me to gain a much greater understanding of the content covered within the last couple weeks of this class. Of the three chapters that we were required to read this week, chapter nine, “The Unrealized” brought up many points that I found to be quite interesting. One of the first of these points was made when discussing the shifting of resources and production time across product expansions due to subsidies and policies enacting encouragements or further reasoning to change how these resources are implemented into production. When the government interferes to offer a subsidy or other sort of method of encouraging a specific product or service to be provided, they are intentionally reallocating the resources necessary to create other products into these products that had a very limited supply. By doing so, there is no way of knowing what products or services might now be endangered and lose their supply simply because many companies or individuals would instead use their resources, labor, and means of production to instead create that which is now being subsidized. They would be increasing their profits and earning greater income because of the encouragement the government had placed on doing so. This flows perfectly into the next point I found to be interesting which was Dr. Bylund’s example of the two workers moving from their previous methods and items of production to different ones in order to achieve higher profits and increase sales and amounts of customers. Within the book, he described it as a movement from “unsolved” economic areas where supply for a specific product or service is far less than the demand for said product and a great shortage ensues, to other differing areas of greater profits from product sales and services provided. It would make much greater sense for business owners or corporate entities to pursue higher profits than to stay in these “unsolved” economic areas working only to appease buyers.
