Lecture 07: Political Economy

MIT 14.41, Public Finance and Public Policy, Fall 2024 Instructor: Prof. Jonathan Gruber View the complete course: https://ocw.mit.edu/courses/14-41-public-finance-and-public-policy-fall-2024/ YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP62KS2YhlASvGBxxL8HgB11p In this lecture, Prof. Gruber discusses the promises and pitfalls of representative democracy, which is a system of government where citizens elect representatives to make decisions and laws on their behalf, rather than directly voting on every issue. License: Creative Commons BY-NC-SA More information at https://ocw.mit.edu/terms More courses at https://ocw.mit.edu Support OCW at http://ow.ly/a1If50zVRlQ We encourage constructive comments and discussion on OCW’s YouTube and other social media channels. Personal attacks, hate speech, trolling, and inappropriate comments are not allowed and may be removed. More details at https://ocw.mit.edu/comments.