The lesson from the Greek crisis should be that economics exists for the good of society, not for its own sake

A Greek bailout deal has been agreed in principle between the country’s government and its creditors in August 2015. Defne Gonenc writes that throughout the crisis there has been a tendency to view economics as detached from politics, with the impact of economic policies on individual citizens largely pushed to the sidelines in discussions surrounding the technicalities of a bailout deal. She argues that rather than pursuing economics for its own sake, a better approach would be to adopt a narrative that focuses on what economic solutions can do for society.

• Primary Source

ESO: Background information: The Greek debt crisis: Key sources http://www.europeansources.info/record/the-greek-debt-crisis-key-sources/

ESO: Background information: Greece agrees bailout deal, averts default http://www.europeansources.info/record/greece-agrees-bailout-deal-averts-default-tsipras-wins-bailout-vote-faces-widening-rebellion/

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