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Economic Science

Economic experts

Posted by e-axes on June 27, 2017

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Alan Blinder in this presentations explains why economists don’t have a lot of influence with politicians. He argues that “politicians use economics the way a drunk uses a lamppost—for support, not for illumination. Blinder contends that politicians and economists succeed or fail on entirely different Darwinian principles—they hail from two civilizations.”
The lamppost theory: Why economic policy so often comes up short
By: Alan Blinder – Yale University

What is the role of experts

“The technocratic illusion is never far away in an economics that is centered around optimization. Optimization is engineering, and it is at the heart of much of modern economics. What has changed recently is the recognition within economics of the importance of politics. It is that recognition that undermines the technocratic illusion, and that I believe will ultimately bring down the long-delayed curtain on a modern development industry that somehow believes that it is possible to develop someone else’s country from the outside.”
On tyrannical experts and expert tyrants
By: Angus Deaton – Princeton University

Call for abstracts for a conference panel session on “Trust in Economics”
What factors influence public trust in economists.
Place: University College Dublin
Time: August 31-September 2, 2017
Deadline: July 15, 2017
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