Brexit wasn’t a ‘Michael Fish moment’: but economics does need to change

The Bank of England's Andy Haldane is right to point to problems in economists' training. But his capitulation to the critics went too far

When the Bank of England looks around in a couple of years to replace Mark Carney as governor, Andy Haldane will need to work hard to win over the selection panel. The central bank's chief economist can't help attracting publicity, and not always in a good way.

Last week he was in hot water following his capitulation to the bullying Brexiters and their claim that experts were dunces. He said it was "a fair cop" in answer to critics who accuse his profession of missing the financial crisis and misjudging the impact of the Brexit vote.