{"id":55664,"date":"2021-02-24T07:24:12","date_gmt":"2021-02-24T07:24:12","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=55664"},"modified":"2021-02-24T07:24:12","modified_gmt":"2021-02-24T07:24:12","slug":"the-economics-of-the-real-world","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2021\/02\/24\/the-economics-of-the-real-world\/","title":{"rendered":"The economics of the real world"},"content":{"rendered":"<p>I used to teach a module\u00a0with this title at City, University of Lindon. The students seemed to really enjoy\u00a0it because in it we used data and theory but then looked at the mess that is the real world, where\u00a0nothing is ever as clear as any economist would like and talked about how to make decisions despite\u00a0all the problems that this creates.<\/p>\n<p>This is my approach to economics. Theory\u00a0gets you so far, and then you have to talk about what is possible.<\/p>\n<p>It seems that this upsets\u00a0some people but in this video\u00a0I explain why this approach\u00a0is, for me, the only sensible route any political economist\u00a0can go down if they want to deliver\u00a0real-world\u00a0solutions\u00a0<wbr \/>to real-world problems.<\/p>\n<p><iframe loading=\"lazy\" title=\"Economics of the Real World\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/bRtfNZXTprs?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I used to teach a module\u00a0with this title at City, University of Lindon. The students seemed to really enjoy\u00a0it because in it we used data<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2021\/02\/24\/the-economics-of-the-real-world\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,194],"tags":[],"class_list":["post-55664","post","type-post","status-publish","format-standard","hentry","category-economics","category-youtube"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/55664","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=55664"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/55664\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=55664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=55664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=55664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}