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Briefly, what the author is recognizing is that economic policies have political consequences, and when economic change is so disruptive to large segments of so
by mariodiana 10y ago
Briefly, what the author is recognizing is that economic policies have political consequences, and when economic change is so disruptive to large segments of society, the political backlash can get ugly.
In other words, economists often have blinders on, concerning themselves only with Homo Economicus, while forgetting all about Homo Politicus.