ABSTRACT

The chapter takes a brief look at the history of the concept of expertise (or trained judgment) in economics and refers to the work of Hubert Dreyfus to state more clearly how expertise might work in general and in macroeconomics in particular. The chapter argues that scientific objectivity in the sense of expertise is problematic in macroeconomics: that one of the causal models that macroeconomic experts specify might adequately represent the relations of direct type-level causation that obtain in the situation at hand, but that there is no guarantee that any of these models adequately represent these relations. The chapter also explains why the problematic character of scientific objectivity in the sense of macroeconomic expertise is a problem for democracy.