Economists May Have Lost the Ear of Politicians

The transcript discusses the changing influence of economists on politics since the 80s and 90s, highlighting how mainstream economics no longer provides solutions to current political issues like immigration and inequality. It explores the difference between the quality and quantity of economic growth, using Sheffield as a case study. The discussion also covers the challenges in measuring economic success, such as the lack of data on job quality and wage growth, and the role of economists in avoiding recessions.

What changes in the role of economists in political discourse are highlighted in the text?

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What are the implications of mainstream economics not addressing issues like immigration and inequality?

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Discuss the significance of the term 'quality of growth' as mentioned in the text.

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How does the text illustrate the disconnect between economic growth and public sentiment?

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Reflect on the examples provided in the text regarding Sheffield and Flint, MI. What do they reveal about economic policies?

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