Should Economists Rule the World?

Should Economists Rule the World?

What would a world ruled by economists look like? Paul Krugman thinks that in such a world, there would be no need for the World Trade Organization, because all countries would understand that trade is mutually beneficial. Regardless of what others did, each country would follow the principles of free trade. And today, we see this idea of economists in power reflected in reality: Mark Carney, an economist who served as the central banker of two …