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Essay / Research Paper Abstract
This 6 page paper evaluates whether politicians should listen to economists and economists should listen to politicians. The answer is complex, and suggests that there are times when one answer is right and the other wrong, and vice versa. No bibliography.
Page Count:
6 pages (~225 words per page)
File: RT13_SA439eco.rtf
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Unformatted sample text from the term paper:
it comes to the meld of these things. Should politicians listen to economists? Should economists listen to politicians? What happens when they do not? First, it should
be said that if economists listened to politicians they would not be doing their jobs. Economists must look at the big picture and this includes not only trends but future
projections in terms of business, the stock market and also political events. Of course, political events such as war will affect the economy and economists must listen to politicians in
terms of what they plan to do. Taxation will affect the economy a great deal as well. Therefore, to an extent, economists should try to predict what politicians will
do. However, they should never listen to politicians in terms of what they say or what they want. Rather, economists should make projections with as much objectively as possible while
considering the moves of the politician. Much of the rhetoric to come from the mouths of candidates or potential candidates usually presents either a rosy picture or a negative picture,
dependent upon their political ideology. Taxation is again a good example. George W. Bush recently implemented tax cuts which have been thought to be responsible for the improvement in the
economy. The reason given is that the reduction in taxes had stimulated the economy. People did make more purchases as a result. Consumer confidence had increased to an extent. These
are things that economists need to note. What they do not need to embrace, or should not pay attention to, is what politicians predict. Most politicians in office will paint
a rosy economic picture, while those who belong to the opposing party will suggest that things are bad. In the current political climate, George W. Bush looks at the economy
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