We rely on experts in every field. Yet from economists to climate scientists they hold wildly disparate views. Might the very idea of objective knowledge be illusory and expertise be a form of institutional power? If we were more sceptical would it lead to democracy or bring chaos?

Norman Lamont was Chancellor of the Exchequer under Major and Chief Secretary to the Treasury under Margaret Thatcher. He is now President of the Economic Research Council. Here he speaks to the IAI about the role of the expert in a democracy, the future of the Eurozone, and why Jeremy Corbyn has proved so popular with disillusioned voters.

What is the role of the expert in today’s society?