Why the Public Has Stopped Paying Attention to Economists | The Fiscal Times
▻http://www.thefiscaltimes.com/Columns/2016/06/28/Why-Public-Has-Stopped-Paying-Attention-Economists
One reason for the lack of faith is the failure to predict the Great Recession, but the public’s dismissal of macroeconomists is based upon more than the failure to foresee the dangers the housing bubble posed for the economy. It is also due to false promises about the benefits to the working class from globalization, tax cuts for the wealthy, and trade agreements – promises that were often used to support ideological and political goals or to serve special interests.
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... we need to take a strong stand against those inside and outside the profession who misuse economic theory and empirical results for political and ideological purposes.