So ITV’s going for the intellectual diversity approach then

Noreena Hertz set to be unveiled as economics editor of ITV News

Hmm. Rilly?

In The Silent Takeover: Global Capitalism and the Death of Democracy Hertz warned that unregulated markets, corporate greed, and over-powerful financial institutions would have serious global consequences that would impact most heavily on the ordinary citizen. Hertz received a record six-figure advance from Random House for the book which, in pre-publicity, she promised would “make economics sexy.”[17][18] Although the book became a bestseller, it was not well-received when first published.[19] Francis Beckett, for The Independent, later observed that the book “was lavishly praised and savagely attacked in equal measure” but had nevertheless “launched her as a new sort of thinker – the first prominent British radical left winger to come out of the business schools.”[16] Howard Davies, reviewing it for London’s The Guardian newspaper, dismissed it as “globaloney”, written in “a style beloved of airport-newsstand business books: random statistic piled on borrowed anecdote, larded with a bit of homespun cod philosophy, shaken not stirred.”

Wouldn’t intellectual diversity actually be an interesting idea?

9 thoughts on “So ITV’s going for the intellectual diversity approach then”

  1. Not heard of her or the book, but if it got slated in the Graun (great line from the review BTW) then it must be a right load of old trousers.

  2. a style beloved of airport-newsstand business books: random statistic piled on borrowed anecdote, larded with a bit of homespun cod philosophy, shaken not stirred.

    Sounds like one of Humpty Murphy’s books but written by someone with a better grasp of grammar and prose.

  3. Unregulated markets?

    Only someone with no knowledge of the finance industry could possibly write such a thing.

    She probably thinks the pharmaceutical industry is unregulated, too.

  4. Can’t resist mentioning she had a fellowship at the London School of Economics… And Cambridge.

    She’s up there with Naomi Klein and Richard Murphy in the field of Bubblegum Economics. No surprise that journalists would mistake her for a Real Economist, though, given the state of journalism these days.

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