How Did Economists Get It So Wrong?
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 OneRiot, Jay Rosen, Hiroko Tabuchi, Publish2 (Business), Tip'd, New York Times (Most Emailed), NewsRack (Recession), Publish2 (Politics)
It is always interesting how many times we have heard in the past the the past cannot repeat inself and we have learned from past mistakes only to learn we have not learned anything.