Trust in Economists Plummets: A Discussion on Rebuilding Credibility Amid Political Distrust
Economic credibility faces a significant challenge in today’s landscape. The erosion of trust extends across various sectors, including government, media, scientific communities, and most recently, the field of economics is grappling with this issue.
The latest instance of this distrust emerged when President Trump dismissed the head of the Bureau of Labor Statistics, alleging, without evidence, that she manipulated a jobs report showing slower growth than anticipated.
In previous times, economists held influential positions as advisors to presidents. However, today, many politicians and citizens express disillusionment towards the field.
On this program, we delve into discussions with economists regarding the impact of this dwindling trust on their mental wellbeing and work performance. Can they manage to rebuild that trust?