Course: The Politics of Economics and the Economics of Politicians

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 …

Parallel to the incredible economic developments China has experienced over the past few decades have only been limited political reforms. In this article, Sir Vince Cable explores the question of …

We have seen in the previous steps of this activity that China has experienced incredible growth recently. China is indeed one of the great economic success stories in history. In …

Deng Xiaoping, perhaps more than any other in history, harnessed the power of radical economic ideas, including market forces and capitalism, to improve living standards and reduce poverty in China. …

Many ideas influenced Margaret Thatcher’s economic policies, but broadly speaking two sets of ideas were particularly influential. Monetarism formed the basis of Margaret Thatcher’s macroeconomic policies. While her microeconomic policies …

In this article, Professor Kevin Lee reflects on Margaret Thatcher’s successes in the Battle of Ideas and the interplay between economics and politics in the Thatcher Revolution. The process by …

Very few political leaders have an ‘ism’ named after their economic policies, but Margaret Thatcher is one of the select few. While her political success may not have resulted from …

While Ludwig Erhard and other ‘ordo liberalists’ argued that the scope of government in the economy should be quite limited, they still believed that government had a role to play …

The terms ‘Social Market’ and ‘Ordo Liberalism’ are often associated with Ludwig Erhard and his economic policies. In this article, Sir Vince Cable attempts to define these terms. Ludwig Erhard, …

The German word ‘Ordo Liberalism’ describes a free market economy within a framework of order. Ludwig Erhard, initially Economics Minister and then Chancellor of post-war Germany, implemented reforms of the …