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“De-Mystifying Economics”

By Robert A. Rudzki, SCMR Contributing Blogger
August 31, 2011

During the course of my undergraduate and graduate studies, I took a number of economics courses. I have had the “hard lessons” of history presented by professors of many different backgrounds, and different political leanings.

For those of you who had similar opportunities to learn about the art and science of economics, the current “politicization” of economics probably seems baffling. Were none of the extremists (on both sides of the aisle) awake during basic economics classes? Maybe they never took an economics course as part of their graduation requirements.

As I reflected on the current debate, I happened to spot a well-written synopsis of the subject:

http://talkingpointsmemo.com/documents/2011/08/letter-to-huelskamp.php?page=1


Written by the Director of the well-respected Congressional Budget Office, it responds to a freshman congressman’s request for an understanding of the effects of government spending on economic growth. It is well worth your time.

 


About the Author

image
Robert A. Rudzki
SCMR Contributing Blogger
Robert A. Rudzki is a former Fortune 500 Senior Vice President & Chief Procurement Officer, who is now President of Greybeard Advisors LLC, a leading provider of advisory services for procurement transformation, strategic sourcing, and supply chain management. Bob is also the author of several leading business books including the supply management best-seller "Straight to the Bottom Line®", its highly-endorsed sequel "Next Level Supply Management Excellence," and the leadership book "Beat the Odds: Avoid Corporate Death & Build a Resilient Enterprise." You can reach him through his firm's website: http://www.GreybeardAdvisors.com

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