Economics is often called the dismal science, a term coined by Thomas Malthus.
In general terms, this comment is interpreted to mean that economics often gives no real solutions to the problems it investigates. For instance, an in-depth understanding of welfare theory will bring you no closer to being able to solve the problem of maximizing the total utility of society as a whole.
This is where politics comes in. Politics deals with the government, a non-market force with the ability to affect the market. Hence, it is often from whence attempts to solve economic problems come, either directly or indirectly.
As such, while the main thrust of this blog is in the field of economics, a large portion of it will also be devoted to politics and how it relates to economics.
Just thought you should know, in case it matters.
Also, if any of you have ideas as to what I should write about or questions to ask, please feel free to put up a few comments. I shan't complain.
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