Course: The Politics of Economics and the Economics of Politicians

The concept of Keynesian demand management introduced in the previous film is a controversial subject within economics today. In this article, Dr John Gathergood explores how Keynesian demand management relates …

Prior to Keynes, the consensus was that the natural balance of demand and supply in the economy would keep the economy in equilibrium, and the Government need not manage demand. …

As we learned in the previous film, Keynes gave his personal advice to President Franklin D. Roosevelt in an open letter. In this article, Sir Vince Cable highlights key components …

The New Deal cemented Franklin D. Roosevelt’s political reputation as one of the ‘greats’ along with Washington and Lincoln. It built a powerful coalition around the Democratic Party which lasted …

In the article below, Dr. Roberto Bonfatti writes in more detail about two critical steps in the process of industrialization: technological progress and the accumulation of capital. He argues that …

There are three critical steps to industrialization: technological progress, capital accumulation, and the timing of industrialization. All three of these steps came together in Meiji Japan and combined they transformed …

The first Meiji emperor, Mutsuhito, likely had very little understanding of economics or perhaps even the policies enacted in his name. Nonetheless, his accession marked a turning point in Asian, …

Why would a massive, powerful country like the United States of America bother to trade with a tiny, less powerful country like Mauritius? Professor Sir David Greenaway discusses how the …

While a consensus regarding free trade has been reached by many economists, there are those who advocate alternative approaches to free trade. Further, there are others who advocate adjusting free …

In order to understand the debates over free trade and protectionism, it is helpful to understand the historic context in which free trade has developed. In this article, Sir Vince …

Sir Robert Peel is famous today as a great reformer, economic revolutionary, and hero of the working people. However, there is little from his early career that would have foreshadowed …

Alexander Hamilton advocated a strong unitary national government where states would only have limited powers. However, federalism was the more appropriate structure to bring the individual states together as one …