Monday, October 10, 2011

Political economists

At least two current MPs (1 Labour, 1 Conservative) are former Bank of England economists.

A recent update of Ruth Kelly’s career since she resigned from Gordon Brown’s cabinet reminds me that she too once worked at the Bank; she is now doing jobs (strategic manager for global business at HSBC & non-exec at National Grid) which I expect are much more suited to her talents than politics could ever be.

Is this link between the Bank of England & parliament anything new & how many other MPs are qualified economists? Is this just another sign of how Oxford PPE graduates are taking over?

Knowing all the jokes about economists I am not altogether reassured that a parliament of economists represents any improvement on a parliament of lawyers or political apparatchiks.