Politicians and Economic Experts: The Limits of Technocracy

Politicians increasingly rely on economic experts for policymaking, but balancing political and ethical aims with economic expertise is challenging. Anna Killick's book explores how politicians engage with economists and highlights the tension between democracy and technocracy. Trusting politicians to lead in solving economic problems is essential.

Format: Paperback / softback
Length: 192 pages
Publication date: 24 November 2022
Publisher: Agenda Publishing

In recent years, politics has assumed an increasingly significant role in the realm of economic policymaking, as a technocracy of experts has come to dominate the decision-making process. This shift has raised several questions about how politicians perceive this development and how they navigate the delicate balance between their political and ethical objectives and the expertise of economic professionals. To delve into this complex issue, Anna Killick has conducted an in-depth study that explores the interactions between politicians and economists. Through extensive interviews with politicians from the major parties in France, Germany, Denmark, the UK, and the USA, the book sheds light on the crucial role that economic opinion plays in shaping political decisions. It also highlights the potential tensions that can arise between democracy and technocracy, as politicians grapple with the challenge of balancing the demands of their constituents with the expertise of economic experts.

One of the key findings of the book is that deferring to the experts in the realm of economic policymaking is neither viable nor desirable. While it is essential to seek the input of experts to inform decision-making, politicians must ultimately take the lead in solving economic problems. This requires a deep understanding of economic principles, a willingness to engage with a range of stakeholders, and a commitment to transparency and accountability.

The book also emphasizes the importance of trust in the political process. Citizens must have faith that their elected representatives are making decisions that are in the best interests of the nation as a whole, rather than solely pursuing their own political interests or those of their financial supporters. This trust can be built through effective communication, transparency, and a willingness to listen to the concerns of the public.

In conclusion, the increasing role of politics in economic policymaking has raised important questions about the balance between democracy and technocracy. Anna Killick's study provides valuable insights into how politicians engage with economists and economic opinion, and offers practical recommendations for building trust in the political process. By embracing a more collaborative approach to economic policymaking, politicians can ensure that decisions are made in the best interests of the nation and its citizens.

Weight: 262g
Dimension: 155 x 232 x 25 (mm)
ISBN-13: 9781788215657