Mainstream economists have a tendency to get enthralled by their theories and models, and forget that behind the figures and abstractions there is a real world with real people. Real people that have to pay dearly for fundamentally flawed doctrines and recommendations.
Let’s make sure the consequences will rest on the conscience of those economists.I would add policy makers. This is criminal malfeasance.
Lars P. Syll’s Blog
The euro — gold cage of our time
Lars P. Syll | Professor, Malmo University