The financial crisis has deflated professional economists' scientific pretensions, because they failed to predict it. Part of the process of pursuing the inexact aspects of economics must be speaking honestly to the broader public, learning from them, and then searching one’s soul to decide whether one's favored theory is really close to the truth.
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NEW HAVEN – We are in the midst of a boom in popular economics: books, articles, blogs, public lectures, all followed closely by the general public.