500 words, essay format, connecting the ideas from the Plato's Cave to the teaching of economics.

The Hidden Truths on Economics in Plato’s “Allegory of the Cave” Your Name Subject and Section Professor’s Name Date Try to picture yourself with no more than the capability to see the shadows on the wall and what the world looks like. This scenario is captured in Plato’s “Allegory of the Cave,” which remains one of the most timeless and substantive allegories that captures the struggle of humans to move to the next level of enlightenment (Eyer, 2009). Plato’s work illustrates the metamorphosis of epistemological thinking required in economics. Students need to come out of the illusions of primary data and read the world that contains the fundamental truths of the economic systems. The process of “waking up” in an intellectual sense of the word fits the situation in which students are contaminated with the fact that even such simple-sounding indicators, such as the consumer price index (CPI) or unemployment rate, are far from being as simple as they initially seem to be. For this reason, this initial discomfort is necessary because it challenges the students to consider these concepts and their applications in economics carefully. In the same way that the prisoner must open his eyes to a new reality, the students must leave the simple, “black and white” conclusion about the economy and be prepared to see the hidden truths that are uncomfortable sometimes. For example, Plato implied that prisoners with no other view except the shadows are lik...