Richard Murphy says:
February 17 2021 at 11:09 am
There is no economics without politics
Your suggestion is simply not deliverable
Supply and demand curves only happen because of MPs? Things happen at the margin because politicians say so? Inflation and the money supply are only linked because the Chancellor makes them so?
What’s really being said here is that the political economist is very very important so there. Even if the economics part of that is largely ignorance. Because, reasons.
What’s dangerous about it is that it leads to the assumption that politics can determine economics – not so, it’s constrained by it. It is indeed possible to manipulate matters economic to deliver certain political outcomes. It isn’t possible to deliver others. Which is which requiring a certain knowledge of what is possibly economically….