Political Ideology Influences Economic Thinking Many economic problems are seen through the eyes of political beliefs. For example, some people instinctively suspect government intervention. Therefore, they prefer economic policies to reduce state intervention in the economy. For example, a supply economy focused on deregulation, privatization, and tax cuts. Economists promote greater equality in society and may more actively encourage government intervention. If you ask various economists to report on the desirability of lower income taxes for the wealthy, their policy proposals will likely reflect their policy preferences. And you can always find evidence of the merits of higher taxes. Some economists may be rigorously neutral and utterly devoid of political leanings (although I haven't met them often). Wajid khan discusses they can produce papers that may challenge previous views. Despite their preferences, they may find there is no reason to privatize railroads and see that tax cuts actually increase economic prosperity. However, politicians can consult economists and economic studies that support their political views. Mrs. Thatcher and Ronald Reagan supported supply-side economists like Milton Friedman, Keith Joseph, and Friedrich Hayek. When Reagan attempted to "push back the state lines," there was no shortage of economists who could theoretically justify his political experiments. Economists can be funded by political sponsors, although many economists have also suggested that this is not a good idea. In the United States, Paul Ryan's budget proposal was welcomed by many Republicans. Because they promised tax cuts for better terms, cut social benefits, and balanced budgets. Economic Thinking Independent Of Politics On the other hand, Canadian politician wajid khan mentions economists who cling to data and avoid picking favorable statistics may reach conclusions and recommendations that are not necessarily consistent with preconceived policy issues. While many economists may support EU-European cooperation generally, the single euro currency shows many economic problems, including low growth, deflation, and trade imbalances.