On Ignoring Economics
Economics is like gravity in a certain sense, whether you believe in it, understand it or ignore it, it inexorably works anyway. Thomas Sowell has a three part essay in Real Clear Politics exploring this very issue, ignoring economics.
The first essay examines the unintended consequences of economic policies that may not take place for decades, as in the case of the riots in France.
The second essay explains the function of prices and what happens when politicians try to artificially control prices as a means to practice political demagoguery.
The third essay is an exposition in how the laws of economics, like gravity, cannot be subverted by political means without causing damage to some portion of the economy. Yet this is precisely what politicians continually attempt to do in attempting to control everything from the price of medicine, housing rental costs, wages or oil company profits.