How Did Economists Get It So Wrong?

New York Times by Paul Krugman | Sep. 4, 2009 (Special Report)

The Great Recession was the result not only of lax regulation in Washington and reckless risk-taking on Wall Street but also of faulty theorizing in academia. Can economists learn from their mistakes? Full Story »

Posted by Kaizar Campwala - via Jay Rosen, OneRiot, Hiroko Tabuchi, Publish2 (Business), NewsRack (Recession), Publish2 (Politics), Tip'd, New York Times (Most Emailed)

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Jim Lang
4.3
 by Jim Lang - Sep. 6, 2009

This is a well-wriiten and entertaining article that traces the development and failures of macroeconomics since the 1930s, While there may be too much economics for some, one doesn't have to be an economist or a scholar to enjoy and appreciate the lucidity of the article.

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Jim's Rating

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4.3

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from 11 answers
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4.3
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4.0
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4.0
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5.0
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5.0
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3.0
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5.0
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4.5
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4.0
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5.0
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