The lesson from the Greek crisis should be that economics exists for the good of society, not for its own sake

Gonenc, Defne (2015) The lesson from the Greek crisis should be that economics exists for the good of society, not for its own sake [Online resource]
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A Greek bailout deal has been agreed in principle between the country’s government and its creditors. Defne Gonenc writes that throughout the crisis there has been a tendency to view economics as detached from politics, with the impact of economic policies on individual citizens largely pushed to the sidelines in discussions surrounding the technicalities of a bailout deal. She argues that rather than pursuing economics for its own sake, a better approach would be to adopt a narrative that focuses on what economic solutions can do for society.


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