The Ubiquitous Rise of Economists

Abstract

Professional economists have for a long time had significant roles as advisers to policy makers. In recent years they have gone well beyond this in many countries and have come to occupy the highest positions in government. While their technical knowledge is an important reason for their influx into governments, their acquisition of the highest positions of authority, we contend, is to an important degree a ceremonial display. The symbolic aspect of the appointment of high-level economist-politicians is as significant as any specific stock of knowledge they bring to political life and is a part of an emerging transnational political culture in which economists occupy a sacerdotal role.