Economics and Groupthink
Uwe Reinhardt, an economist at Princeton, has a thoughtful explanation of why macroeconomists were so blindsided by the economic downtown of 2008: Fewer than a dozen prominent economists saw this economic train wreck coming -- and the Federal Reserve chairman, Ben Bernanke, an economist famous for his academic research on the Great Depression, was notably not among them. Alas, for the real world, the few who did warn us about the train wreck got no more ... Full Story »
Posted by Leo Romero
