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Might economists be partly to blame for Trump and the prospect of a hard Brexit?

Bronk, Richard (2018) Might economists be partly to blame for Trump and the prospect of a hard Brexit? LSE Brexit (11 Jul 2018). Website.

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The reasons for the Trump phenomenon and Brexit vote are many and various. But have we overlooked ways in which standard economics, by failing to take seriously the radical uncertainty endemic in modern political economies, has contributed to the populist turn? Richard Bronk (LSE) argues that by mischaracterising their profession as able to make precise forecasts of uncertain futures - an impossible task – economists contributed to the current denigration of experts. More importantly, by assuming that people form rational expectations, they encouraged us to ignore the transformative power of simple narratives.

Item Type: Online resource (Website)
Official URL:
Additional Information: © 2018 The Author; Online
Divisions: European Institute
School of Public Policy
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Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HB Economic Theory
H Social Sciences > HM Sociology
J Political Science > JA Political science (General)
Sets: Departments > European Institute
Departments > Government
Research centres and groups > Institute of Public Affairs
Collections > LSE Brexit
Date Deposited: 05 Dec 2018 14:15
Last Modified: 26 Dec 2019 00:26

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