447 | Nick Romeo: The Public Rejects the Status Quo. What is the Alternative?
The Realignment
The Decline of Influence and the Opportunity for Innovation in Economics
This chapter explores how economists like Keens and Friedmen gained power and influence during a period of high institutional trust in the United States, and how today's era of lower trust poses challenges for achieving similar influence. It also discusses the decline in influence of various institutions, including economics as an educational field, and suggests opportunities for creating innovative ideas and frameworks.
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