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Wordcount: 929

New Ideas from Dead Economists

Economic policy has been a topic of debate in the political, business, and social arenas for over two centuries. It confuses most Americans because of its ability to change and the language with which economists use to describe it. The language of models is used to describe the effects that income, price change, etc. have on demand, budget constraint, etc. The study of economics is ultimately the study of choice and the consequences of those choices. We look to economists to tell us where our choices lead us with regard to standard of living in the future. Politics provide the strongest, most reliable link between economics and the real world. Economic policy is debated and discussed today just as it was over two centuries ago by

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