Letter: An economist takes the first lesson in politics


""US politics"" – Google News

Professor Joseph Joyce succinctly describes how economists can differ when it comes to economic policy (“Politicians Have Fickle Attitudes Towards Economists,” Letters, February 23).

Thomas Sowell, American economist, social theorist and Senior Fellow at the Hoover Institution of Stanford University, offers an equally succinct description of the differences in economic policy between economists and politicians.

The first lesson from business is scarcity, he says. “There is never enough of anything to please everyone who wants it. The first lesson in politics is to ignore the first lesson in economics. “

Khalid Ikram |
Potomac, MD, US

Source Link

Leave a Reply