Bank of England economists reading children books to simplify writing…

Paul Romer was recently sidelined for asking WB economists to wrote clearly. So much so for economists continued hubris.

However, some organisations are taking this criticism seriously. For instance Bank of England econs are reading children author books: (HT: MR Blog):

Staff at the Bank of England studied the writing style of Dr. Seuss as part of a push to make its communications more easily understood by the general public.

The central bank analysed the children’s author after finding that just one in five people could read and understand its inflation report, Minouche Shafik, the former deputy governor for markets at the central bank, said at the Hay Festival on Sunday. “Dr. Seuss was a master at using simple language, at getting children to read,” Shafik, speaking on role of experts in policy making, said.

Technocratic institutions such as central banks are struggling with a wave of political populism, which favours policy-making based on emotions rather than evidence, Shafik said.

Shafik said that economists often fail to engage with politicians and the public because of their dry, logical manner, and should do more to tell stories. “Most experts need to challenge themselves,” said Shafik, “they must maintain quality standards and also embrace uncertainty.”

The Bank of England’s push to make itself understood comes as a similar initiative by the World Bank’s chief economist, Paul Romer, ended in him stepping down as manager of its research department.

It is really irritating when you are told your language is way too simple and for children. Make it more sophisticated by adding big words. Really? And then simplify it later?

This is what has been going on in economics profession. We have both economics jargon and usage of English words to figure. Even reading a paper abstract is such a task these days. As someone rightly said it is Economese  after all which has become a language of its own, understood by very few..


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