What is the “crisis in economic expertise” about?
Trump’s decision to demote whoever might be nominated chairman of the Council of Economic Advisers (CEA) from his cabinet has been interpreted as a final blow to a though year – in which economists’ advice has been systematically ignored by voters- within a though post-financial crisis decade. Economists are under the impression that since 2008, their expertise has been increasingly challenged, and theyhaveofferedseveral analyses and remedies: more micro, more data, more attention to distribution and less to efficiency, more humility, more awareness to the moral and political element in economic expertise, more diversity and more interdisciplinarity –economic education included- Few of these however rely on the whopping literature on the history and sociology of scientific expertise.
A systematic review would take a book, so let’s jump to how it helps elucidate what the problem with economic…
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HT: Julian Weeks
As you will know from reading this site, I have no love for Donald Trump. I fear he’s going to destroy America, and that this comes from his narcissism—his caring more about being loved and admired than about the welfare of America (or anyone but himself). But what I see now among the Left is playing right into his hands. While the “Nazi” trope should be used sparingly, it’s often applied willy-nilly by bloggers or people on Facebook to smear not only Trump, but his supporters.
Well, Trump is not a Nazi, nor are all his supporters racists, xenophobes, or misogynists. The worst comment that Hillary Clinton made during the election, I think, was this:
You know, to just be grossly generalistic, you could put half of Trump’s supporters into what I call the basket of deplorables. Right? The racist, sexist, homophobic, xenophobic, Islamaphobic — you name it. And unfortunately…
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