Economists More Optimistic Than Public

http://online.wsj.com/article/SB10001424052748703722804575368871006939294.htm...

I’m not sure it’s fair to survey 55 (or 57) economists and conclude any sort of scientific results. For one, the sample size is tiny. Most importantly though, there is no discussion of the backgrounds for the “economists” in question, nor their positions, which may influence how they respond to a survey. The normative questions being asked that elicit responses saying the economy is “doing better, but not yet doing well” underscore exactly why public perception is so detached from that of “expert” opinion.

The result of this misinformation is the majority of the public licking their finger and putting it in the air to see which way the wind is blowing. If the article’s intention was to inform as to why a gap exists between public and expert opinion, then it should instead present the information and analysis driving the surveyed economists’ opinions. A surprisingly shallow article from the WSJ on an important, relevant topic.

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