The Economist…and the economists
(Letter sent to The Economist)
One wonders how much to read in what you don’t appear to be daring to explicitly write, in your commentary about Sir Nicholas Stern’s review of the economics of climate change (“It may be hot in Washington too“, Nov 2nd 2006)
Let’s see: Sir Nicholas, the “head of Britain’s government economic service” and with a past in very senior positions at the World Bank, delivers a series of economical figures…perfectly in line with what is politically needed by the commissioner of his latest effort, Gordon Brown
Contrarily to the Financial Times, only very obliquely you suggest that all that economics may as well have no value (apart of course from Mr Brown’s effort to get “America involved in the global effort to mitigate climate change“)
All in all, Sir Nicholas’s report may end up being remembered as a travesty of economics
Do you really hold expert economists in such a low esteem, not to feel any outrage at seeing their profession so heavily manipulated for political ends? And if that is true, what is the point of your Buttonwood and other economics columns?
One may even ask, what is the point of your magazine? Why not close it down, perhaps, to open it anew as “The Politician”?