#19 – Logan Chipkin: Understanding Economics
Arjun Khemani Podcast
The Relationship Between Economics and Politics
"No ontological theory, that is no theory about the physical world alone, can ever tell us what we have to do next," he says. "So in a given policy debate, economics can certainly inform the various political options on the table." The example I always use because it's so straightforward and rudimentary is price controls and then even more specifically a minimum wage.
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