Help with Essay Q - Is political ignorance an obstacle to state-led solutions to....

Watch
Theguynextdoor
Badges: 17
Rep:
?
#1
Report Thread starter 4 years ago
#1
Is political ignorance an obstacle to state-led solutions to economic coordination problems?

How can I interpret this question, and what information would be relevant to tackle it?
0
reply
etata
Badges: 7
Rep:
?
#2
Report 4 years ago
#2
This title is hugely open and needs to be contextualised. Firstly, what do you define as an economic coordination problem - does that mean for example in the Euro Area, the disconnect between the ECB as the central bank and the separate governments which control fiscal policy. Or rather, political ignorance in terms of anti disestablishment voting on spurious premises, like Brexit perhaps.
1
reply
Theguynextdoor
Badges: 17
Rep:
?
#3
Report Thread starter 4 years ago
#3
(Original post by etata)
This title is hugely open and needs to be contextualised. Firstly, what do you define as an economic coordination problem - does that mean for example in the Euro Area, the disconnect between the ECB as the central bank and the separate governments which control fiscal policy. Or rather, political ignorance in terms of anti disestablishment voting on spurious premises, like Brexit perhaps.
I can find out fo ryou but I'm guessing the former of your post than the latter. That explains the failure of firms.
Any idea about the first part of the question?
0
reply
The Financier
Badges: 21
Rep:
?
#4
Report 4 years ago
#4
This isn't really an economics question, it sounds a lot more like a political question in the full context of what you could viably answer.

Politics is more of a "hobby" for me (if you want, I could move this to the Politics study help forum where you could probably get some better answers), but from logic, political ignorance leads to the state responding to things sub-optimally, because what the people want may not actually be beneficial to the majority of people, the latter of which is meant to be a key cornerstone of any democracy, and as one of the primary motives of a government's actions is to ensure re-election, they can't feasibly go against the will of a majority of people. This is pretty clear when you look at, for example, Labour's vote for the bill on Article 50 tonight.

As etata has highlighted, what exactly do you mean by economic coordination problem? There is a formal definition in Economics for a coordination failure, but I suspect it is not what the question is after.
1
reply
Theguynextdoor
Badges: 17
Rep:
?
#5
Report Thread starter 4 years ago
#5
(Original post by The Financier)
This isn't really an economics question, it sounds a lot more like a political question in the full context of what you could viably answer.

Politics is more of a "hobby" for me (if you want, I could move this to the Politics study help forum where you could probably get some better answers), but from logic, political ignorance leads to the state responding to things sub-optimally, because what the people want may not actually be beneficial to the majority of people, the latter of which is meant to be a key cornerstone of any democracy, and as one of the primary motives of a government's actions is to ensure re-election, they can't go against the will of a majority of people.

As etata has highlighted, what exactly do you mean by economic coordination problem? There is a formal definition in Economics for a coordination failure, but I suspect it is not what the question is after.
Yes please if you could move it, that'd be great.
And I'm trying to debunk myself what economic coordination and how it could relate to the question of political ignorance.
0
reply
The Financier
Badges: 21
Rep:
?
#6
Report 4 years ago
#6
(Original post by Theguynextdoor)
Yes please if you could move it, that'd be great.
And I'm trying to debunk myself what economic coordination and how it could relate to the question of political ignorance.
I've moved your thread to G&P now
0
reply
Theguynextdoor
Badges: 17
Rep:
?
#7
Report Thread starter 4 years ago
#7
(Original post by The Financier)
I've moved your thread to G&P now
Thank you :')
0
reply
X

Quick Reply

Attached files
Write a reply...
Reply
new posts
Back
to top
Latest
My Feed

See more of what you like on
The Student Room

You can personalise what you see on TSR. Tell us a little about yourself to get started.

Personalise

Should the school day be extended to help students catch up?

Yes (28)
26.42%
No (78)
73.58%

Watched Threads

View All