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.
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.