Bronk, Richard (2018) Might economists be partly to blame for Trump and moves towards a ‘full British Brexit’? LSE European Politics and Policy (EUROPP) Blog (27 Jun 2018). Website.
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Abstract
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 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: | http://blogs.lse.ac.uk/europpblog |
| Additional Information: | © 2018 The Author(s) |
| Divisions: | LSE |
| Subjects: | H Social Sciences > HB Economic Theory J Political Science > JN Political institutions (Europe) J Political Science > JN Political institutions (Europe) > JN101 Great Britain |
| Date Deposited: | 17 Jul 2018 15:23 |
| Last Modified: | 15 Sep 2023 17:48 |
| URI: | http://eprints.lse.ac.uk/id/eprint/89349 |
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