You must differentiate technical and scientific expertise from things like economic theorizing. You can't build a bridge without expertise or a car or a plane. Those need serious expertise, experience and certainty of the 1+1=2 variety. No one is questioning this expertise.
But things like economics, what are they experts in? In the general markets, stock markets, free markets, policy, risk, trade, banking, money, human behavior? They seem to lack an understanding of why things happen, and yet are happy to make sweeping judgements that seem to push very specific ideologies based on dubious assumptions of human behavior. And here is the problem, nothing in their course material make them experts in human behavior.
This is what is causing the public loss of confidence along with the media and think tanks who push these narratives. And the economics profession at the moment is going through a crisis of confidence, a lot of the models have been revealed to be based on completely unrealistic assumptions, data is fudged, and things like GDP, globalization and the neoliberal ideology that have been pushed as 'unquestioned truth' are now under the scanner.
But things like economics, what are they experts in? In the general markets, stock markets, free markets, policy, risk, trade, banking, money, human behavior? They seem to lack an understanding of why things happen, and yet are happy to make sweeping judgements that seem to push very specific ideologies based on dubious assumptions of human behavior. And here is the problem, nothing in their course material make them experts in human behavior.
This is what is causing the public loss of confidence along with the media and think tanks who push these narratives. And the economics profession at the moment is going through a crisis of confidence, a lot of the models have been revealed to be based on completely unrealistic assumptions, data is fudged, and things like GDP, globalization and the neoliberal ideology that have been pushed as 'unquestioned truth' are now under the scanner.