What is your political ideology? (test included!)

[Kasz216]

Akvod said:
Why is economics being considered as a political ideology? >.<

If you believe in sticky wages, and believe that people don't build in expectations of inflation immediately if there isn't a consistent and recent history of inflation in that nation, I think it's reasonable to believe that Keynesian policy can work.

I mean Republicans want to cut taxes, and Democrats want to increase Government Spending. Both are fiscal policy

I mean, there might be some differences like Republicans believing tax cuts have a bigger MPC (basically, people feel more confident about their life time wages when they get more income as a result of the tax cut, rather than getting a stimulus), but there are economists, not political scientists, doing that sort of research.

Economics should be rational, it should be about expedience, not about philosophy. Philosophy is shit like Marxism or Social Darwinism. We need to purge shit like that from our minds.

Economics is treated rationally... it's just your political view effects what you believe the question is.

 

Right wing economics are about imrpoving GDP.

Left wing economics are about improving income distribution.

 

Left Wing economists are more concerned with the Gini coeefficent and maitnaining a balance of rich and poor.

Right Wing economists are more concerned with improving the standard of living and driving the economy.

 

Both "right wing" and "left wing" economists are approaching the question without politcal messages.  It's just... they're approaching different questions.