Economists' spectacular failure to foresee crucial recent developments – including the collapse in the US housing market, the onset of the global financial crisis, and the duration and depth of the Great Recession – has powerfully undermined the credibility of the discipline's models and assumptions. What went wrong, and how can economists regain the trust of policymakers and citizens?
Dismal Soothsaying
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Our Children’s Economics
Our Children’s Economics
Feb 11, 2013 Barry Eichengreen
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The Tyranny of Political Economy
The Tyranny of Political Economy
Feb 8, 2013 Dani Rodrik
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Models Behaving Badly
Models Behaving Badly
Dec 18, 2012 Robert Skidelsky
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Missing Growth Multipliers
Missing Growth Multipliers
Nov 14, 2012 Ashoka Mody
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The Narrative Structure of Global Weakening
The Narrative Structure of Global Weakening
Sep 20, 2012 Robert J. Shiller
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Economics in Denial
Economics in Denial
Aug 22, 2012 Howard Davies
Our Pick
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Climate Action Must Rise Above Politics Climate Action Must Rise Above Politics
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Middle Powers Will Make a Multipolar World Middle Powers Will Make a Multipolar World
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Inequality Is Destroying Mental Health Inequality Is Destroying Mental Health
Nov 7, 2024 Olivier De Schutter & Kate Pickett
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There Is No Alternative to Multilateral Climate Action There Is No Alternative to Multilateral Climate Action
Nov 11, 2024 Mukhtar Babayev