Making economic policy in a representative democracy is a messy affair—and there are often good reasons presidents (and other politicians) do not advance the policies that economists advocate. Economists offer crucial input into the policy process, but their advice is only one ingredient of a complex recipe.


p. 30 - Principles of Economics (2015) - Ch. 2. Thinking Like an Economist


Making economic policy in a representative democracy is a messy affair—and there are often good reasons presidents (and other politicians) do not...

Making economic policy in a representative democracy is a messy affair—and there are often good reasons presidents (and other politicians) do not...

Making economic policy in a representative democracy is a messy affair—and there are often good reasons presidents (and other politicians) do not...

Making economic policy in a representative democracy is a messy affair—and there are often good reasons presidents (and other politicians) do not...