Final Conclusions
We have covered seven leading political figures – from different historical periods and countries – who have used economic theory to design economic policies and carry out often radical reforms affecting the lives of contemporary and future generations. What overall lessons do we draw from them?
In this film, Professor Cecilia Testa reviews what it is economic theory offers to us: a framework to study individual behavior. Quoting Keynes, she emphasizes how economic theory is “…a method rather than a doctrine, an apparatus of the mind, a technique of thinking which helps its possessor to draw correct conclusions.”
Cecilia finishes by reminding us that it is our responsibility as citizens to draw correct conclusions – aided by a free press – about the economic policies of our elected officials and hold them accountable when they fail through elections.
Share below in the comments what conclusions you have drawn from this course. What lessons are you taking away from the Politics of Economics and the Economics of Politicians?
The Politics of Economics and the Economics of Politicians
The Politics of Economics and the Economics of Politicians
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