Why the Public Has Stopped Paying Attention to Economists
I have a new column:
Why the Public Has Stopped Paying Attention to Economist: The predictions from economists about the consequences of Brexit were widely ignored. That shouldn’t be surprising. In recent years the public has lost faith the in the economics profession.
One reason for the lack of faith is the failure to predict the Great Recession, but the public’s dismissal of macroeconomists is based upon more than the failure to foresee the dangers the housing bubble posed for the economy. It is also due to false promises about the benefits to the working class from globalization, tax cuts for the wealthy, and trade agreements – promises that were often used to support ideological and political goals or to serve special interests. ...
Posted by Mark Thoma on Tuesday, June 28, 2016 at 06:13 AM in Economics, Macroeconomics |
You can follow this conversation by subscribing to the comment feed for this post.