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The Economic Problem

Veronique de Rugy

Veronique de Rugy explains what the study of economics involves, how economists think, and some common misconceptions about economic theory. Fundamentally, economics is the study of individual human action and the decisions people make in their daily life. This lesson shows that economics is about more than just numbers and statistics.

Veronique de Rugy is a senior research fellow at the Mercatus Center at George Mason University. De Rugy writes regular columns for Reason magazine and the Washington Examiner, and she blogs about economics at National Review Online’s the Corner. Previously, she has been a resident fellow at the American Enterprise Institute, a policy analyst at the Cato Institute, and a research fellow at the Atlas Economic Research Foundation. Before moving to the United States, she oversaw academic programs in France for the Institute for Humane Studies Europe. She received her M.A. in economics from the Paris Dauphine University and her Ph.D. in economics from the Pantheon-Sorbonne University.

Sponsored by the Allied Educational Foundation

Villy's picture

The problem of different "poles" of economic development, the emergence of the "North" and "South". The essence is a deep division (primarily in economic terms) between those countries that are already developed and those that are developing. The latter need the help of more “strong colleagues”, leniency, more flexible conditions. For example, ( )
developed countries can open up access to goods from developing countries without any serious conditions, ensure a stable inflow of investment capital, restructure most of the debts, and so on.