Since the crisis of 2008, professional and academic economists have grown increasingly concerned that something is wrong with their profession. Â Sometimes that anxiety springs only from the recognition that most of their colleagues failed to predict the oncoming crisis. Â But sometimes a nearly opposite concern is voiced: We sometimes hear the complaint that economists are offering good advice, but none of the decision-makers are paying attention.
I am not a professional economist, so I can only speak to the way the profession looks to me from the outside. Â Now, if people are not paying attention to what an expert has to say, it could be that those people are too ignorant or inexperienced to grasp the important things that the expert is trying to get across. Â But it could instead be that the expert doing the saying is not offering anything relevant to the most urgent problems the listeners areâ€¦