The economics profession has not had a good crisis. Queen Elizabeth II may have expected too much when she famously asked why economists had failed to foresee the disaster, but there is a widespread sense that much of their research turned out to be irrelevant. Worse still, much of the advice proffered by economists was of little use to policymakers seeking to limit the economic and financial fallout.
Will future generations do better?Project Syndicate
Our Children’s Economics
Barry Eichengreen | Professor of Economics and Political Science at the University of California, Berkeley, and a former senior policy adviser at the International Monetary Fund
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