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Don Kohn and the Lost Art of Economic Judgment | Douglas Laxton

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Are we losing the ability to think critically about economic policy? In an era of increasingly sophisticated economic models, vast amounts of data, and artificial intelligence, one question matters more than ever: Are we developing economists who can challenge the tools they use? In this conversation, Douglas Laxton, former Head of the Economic Modeling Division at the IMF, and Salome Mkervalidze, a Level One student at the Global Forecasting School, pay tribute to Donald Kohn and reflect on the importance of economic judgment, intellectual honesty, and mentorship. Drawing on Doug’s experiences at the Bank of Canada and the IMF, they discuss the analytical traditions associated with Don Kohn, William White, and other influential economists. The discussion explores why models should support rather than replace economic judgment, how institutions can develop better economists, and why critical thinking and accountability are becoming even more important in the age of AI. These principles are central to the Global Forecasting School’s upcoming workshop in Prague, December 7–9, 2026, where participants will explore practical policy challenges through comprehensive, consistent, and coordinated analysis. Learn more about our work: Global Forecasting School https://AI-Powered-Learning.org #EconomicPolicy #DouglasLaxton #DonaldKohn #GlobalForecastingSchool #ArtificialIntelligence #Macroeconomics #CentralBanking #BetterPolicyProject

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