Self-Interest, Rationality and a Better Life


Importance of Macroeconomics

31 de julio de 2012   | Vistas: 10 |  

In this interview, Jerry Jordan discusses several issues concerning macroeconomics, stressing the importance of its understanding in order to effectively apply it in domestic, foreign, and everyday’s economy, emphasizing the significance of being aware of the sound microeconomic principles.

He talks about the relation between macroeconomics and the labor market, pointing out that labor has been, mistakenly confused with the dynamic of commodities. The topic of unemployment is also addressed, mentioning how labor law limitations, inflation, and other elements prevent policy makers from providing effective solutions to the problem.

Jordan concludes by stating that less government intervention will only result in benefit for society in the field of economy and markets.

Jerry L. Jordan is an economist, president of the Pacific Academy for Advanced Studies and member of the board of…


Nuestra misión es la enseñanza y difusión de los principios éticos, jurídicos y económicos de una sociedad de personas libres y responsables.

Universidad Francisco Marroquín