“Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.”
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I grew up in a family in which political issues were often discussed, and debated intensely.
My teachers helped guide and motivate me but the responsibility of learning was left with me, an approach to learning which was later reinforced by my experiences at Amherst.
Economists often like startling theorems, results which seem to run counter to conventional wisdom.
There is this concept of politics as a dirty game. It's a difficult game, but it doesn't have to be dirty. I think this is what we need to bring to politics. I think politics around the world has very often been captured by big interests - 'lobbies' they call them in the States.