Should Experts Set The Fiscal Rules?

Should Experts Set The Fiscal Rules?

Author: UCL Political Science May 2, 2024 Duration: 32:25

We’re back from our Easter break, and since we were last on the airwaves a book has been published by a certain former UK Prime Minister arguing – among other things – that elected politicians are unduly constrained by unelected technocrats, and that ministers should be freed from such fetters in order to enable them better to represent the will of the people. Not least, the book argues for scrapping the UK’s Office for Budget Responsibility, which currently offers advice on the likely implications of different fiscal policy decisions.

Well Liz Truss is – for better or worse – not our guest on today’s podcast. But the person who is has thought a great deal about how – and by whom – fiscal rules should be set. 

That person is Stefano Merlo, Associate Lecturer in the Politics of Economic Policy here in the UCL Department of Political Science. Stefano is also currently finishing off a PhD in Political Economy and Political Theory at John Stuart Mill College in the Free University of Amsterdam.
 

Mentioned in this episode:


Ever wonder what happens when sharp academic minds turn their focus to the headlines? UCL Uncovering Politics pulls back the curtain on the forces shaping our world, straight from the heart of one of the world's leading universities. This isn't a lecture series, but a series of conversations where complex ideas about power, culture, and society are made accessible and urgent. You'll hear researchers from UCL's Department of Political Science and School of Public Policy dissect everything from voting behaviour and international conflict to the philosophy underlying our social structures, connecting rigorous scholarship directly to current events. Each episode feels like sitting in on a fascinating discussion between experts who are as curious about the "why" behind political phenomena as they are knowledgeable. The podcast serves as a direct line to cutting-edge analysis, offering depth and context that goes far beyond the daily news cycle. By spotlighting the fantastic work done within the department, it provides listeners with a richer, more nuanced understanding of the mechanics behind culture, government, and the news we consume. Tune in for a thoughtful and genuinely enlightening exploration of contemporary politics, grounded in research but always engaged with the real world.
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