If we’re serious about changing the world, we need a better kind of economics to do it

“The pursuit of rapid growth won’t solve the huge challenges we face. A more honest, humane approach is the answer”

Economic policies are clearly a big influence – for good or ill – on both societal wellbeing and individual emotional and psychological wellbeing.

This article in The Guardian newspaper has been written by Esther Duflo and Abhijit Banerjee, joint winners of the 2019 Nobel prize in economic sciences. They write:

“In 2017, a poll in the UK asked: “Whose opinion do you trust the most when they talk about their field of expertise?” Nurses came first – 84% trust them. Politicians came last. Economists were second from bottom on 25%.This trust deficit is mirrored by the fact that the consensus of economists (when it exists) is often systematically different from the views of ordinary citizens. …”

You can read more here.

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