Jim Hlavac
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Economic Theory
| Economic Theory |
Economics and politics are inextricably intertwined. We often
hear that a country has a one political system, with another economic
system -- when in fact -- that's impossible.
The degree to which politicians are involved with economy will
determine the overall characteristics of the economy. The more
political interference the less economy there will be. There is a direct
correlation between the size of the government's power -- and the
size of the economy. As one rises the other must necessarily go in the
opposite way.
hear that a country has a one political system, with another economic
system -- when in fact -- that's impossible.
The degree to which politicians are involved with economy will
determine the overall characteristics of the economy. The more
political interference the less economy there will be. There is a direct
correlation between the size of the government's power -- and the
size of the economy. As one rises the other must necessarily go in the
opposite way.