Carol Graham

People, Politics and Policy: Improving the Economic Policy Process

with Carol Graham, Adam Lent, Paul Ormerod, Emily Skarbek and Sarah Smith

Economics/
Fri 18 November 2016

People, Politics and Policy: Improving the Economic Policy Process

with Carol Graham, Adam Lent, Paul Ormerod, Emily Skarbek and Sarah Smith

Carol Graham
Fri 18 November 2016,

How can economic policies be made more effective in a world where populism rules and ‘evidence-based’ policy and ‘experts’ are out of favour; where complex global links and digital technology mean no government can control their own nation’s destiny; and where economics itself is under challenge?

Economists have been urged to show more humility about the limits of their knowledge, but would strongly argue that there are economic realities and valid economic knowledge. So what are those limits and how can economic evidence be translated into effective policies? Why do politicians so often ignore economists’ advice when they should act on it? How should economists be engaging with people and politicians? Is there something fundamentally flawed about the process of making and implementing economic policy?

Photo of Carol Graham.

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