The Politicization of Economics

Has economics fallen to politics? Court economists like Paul Krugman—we might call them "regime economists"—represent a profession in big trouble. Jeff and Bob discuss.

Michael Tanner, "Piketty Gets it Wrong": https://Mises.org/HAP355-1
Bob Murphy on the economics establishment vs. Judy Shelton: https://Mises.org/HAP355-2
Jeff Deist on Nancy McLean's unprofessional attacks: https://Mises.org/HAP355-3
Bob's article with Phillip Magness on Piketty: https://Mises.org/HAP355-4

00:00 Introduction
00:39 Court Economists
10:31 Has Economics Always Been Political?
17:44 How the Economics Profession is Viewed in Society
24:28 Low Standards for Professional Economists
30:29 The Politics within the Economics Profession