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What happens when politics meets economics

What happens when politics meets economics

Now, having taken leave from academe and come into the world of policy, for the first time I believe that Keynes had hit upon a fundamental truth. It is the lack of imagination and the grip of stale ideas on political leaders and career bureaucrats that have a tendency to stall good policy. I also now feel convinced that economics as a discipline is not just a stunning intellectual achievement but it is, in practice, a very useful discipline.