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24. May 2019

Why Economists Failed as “Experts”—and How to Make Them Matter Again

Economists should stop pretending to be scientists and go back to the core of the discipline—as a field of inquiry and way of thinking. Michael Gove, winner of the Brexit referendum (though loser in the game of politics, having failed to become leader of his party, and so, maybe, no true expert either) hit the nail on the head. The people of this country have, it seems, had enough of those who consider themselves experts, in some domains. The implications of this rejection of experts seem enormous. That should be of particular significance for economists, because economists were, after all, the “experts” against whom Mr. Gove was inveighing.

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