2
Sep
2005

Economics and politics

Free Market News Network
by Dr. Hans Sennholz

09/01/05

The connection between economics and politics is clearly visible. Economic production sustains human life which, for most people, is the most important concern in life. The prestige of democratic government, its rise and fall, usually depend on its economic performance. Economic policies must please the greatest number of people who decide democratic elections and reelections. But voters, as well as the representatives they elect, may also be guided by economic notions and doctrines that are popular rather than fitting and exact. Public opinion may be swayed by appeals to emotion and preconception rather than reason and common sense. Political writers and speakers may dwell on controversy and conflict rather than on theoretical correctness; periodicals, newspapers, broadcasts on radio, television, and other forms of communication may follow suit. Articulate politicians usually add their explanations and interpretations. They may prefer to be popular rather than correct...

//www.freemarketnews.com/pview/5963/2483/html/index.php


Informant: Thomas L. Knapp
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