Role of economics and politics in our lives

At present Economics plays a major role in defining our common future. Most nations make decisions according to economic factors only, so politics, the medium for this decision making, follows the economic evaluations of experts. Economics is a huge part of almost every decision that we make, as well as the decisions that the government has to make for our country.

However economics doesn't take into account the external influences on judgments, for example: cost of illness, illiteracy, pollution, human values and life quality in general, so it is only a partial, although important piece of reality. Economics should be the tool used, with which the aim is to pursue the vision a nation has of its common future.

Politics is the considered sequence of choices made by a government to follow the ideas and future of the people it represents and should stick to the values and principles shared by the public, meaning politics should then take into account all the things, material and immaterial that economics cannot take into account. Politics should then use economic strategies as a way of achieving the aspirations and objectives of country.