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In recent years politics has seen an increasing role in economic policymaking for a technocracy of experts. How do politicians feel about this and how do they balance their political and ethical aims with economic expertise? Anna Killick offers an in-depth study of how politicians engage with economists and economic opinion. Based on interviews with politicians from the main parties in France, Germany, Denmark, the UK and USA, the book highlights the role economic opinion plays in politics and the tension that can arise between democracy and technocracy. Deferring to the experts is shown to be neither viable nor desirable, and that we should trust politicians to take the lead role in solving economic problems.

Setting a new benchmark for studies of technocracy, this book shows that a solution to the challenge of populism will depend as much on a technocratic retreat as democratic innovation. Esmark examines the development since the 1980s of a new'post-industrial'technocratic regime and its complicity in the populist backlash against politics and political elites that is visible today. The new technocracy – a combination of network governance, risk management and performance management – has, the author argues, abandoned the overtly anti-democratic sentiments of its industrial predecessor and proclaimed a new partnership with democracy. The rise of populism, however, is a clear sign that the inherent problems of this partnership have been exposed and that technocracy posing as democracy will only serve to exacerbate existing problems.