- cross-posted to:
- world
- cross-posted to:
- world
The former Bank of England governor Mark Carney, a climate-focused economist who became the first non-Briton to run the Bank, is considering entering the race to replace Justin Trudeau as Canada’s prime minister.
Trudeau announced on Monday he would step down after nearly 10 years in power once his ruling Liberal party chose a new leader, throwing open the doors to a fierce party race before a general election later this year.
Carney, 59, in a statement quoted by Bloomberg, where he is a chair of the board of directors, said he would be “considering this decision closely with my family over the coming days”. A longtime and prominent member of the Liberal party, Carney said he was “encouraged” by the support of Liberal lawmakers and people “who want us to move forward with positive change and a winning economic plan”.
Herein lies an issue: the fact that he’s an economist doesn’t mean that he’s in for the economics of the greater good. And the fact that he himself has a few strong beliefs on what the economic solutions should be, doesn’t mean he’ll actually make them happen.
There is criticism in the economics community lately, Nobel Prize winner Angus Deaton published a scathing critique of the field that has garnered a lot of discussion https://www.imf.org/en/Publications/fandd/issues/2024/03/Symposium-Rethinking-Economics-Angus-Deaton
I hope that means economists are seriously reevaluating how and what they communicate especially for policy and government.
I don’t think your criticism applies to just Carney, you can apply that argument to every politician.
He sure was when he headed the BoC during the 2008 crash.
If you remember he never once handed out useless platitudes or treated Canadians like they were stupid.
Easier to do when you’re not an elected official.
He spoke to us often during that time. Never lied or glossed over the dangers once.