economics class Richard Graulich/ZumaPress

An Economics to Fit the Facts

The economics profession was arguably the first casualty of the 2008-2009 global financial crisis. But, as with the global economy, there is reason to hope that the discipline is on the mend.

CAMBRIDGE – The economics profession was arguably the first casualty of the 2008-2009 global financial crisis. After all, its practitioners failed to anticipate the calamity, and many appeared unable to say anything useful when the time came to formulate a response. But, as with the global economy, there is reason to hope that the discipline is on the mend.

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