Oleg Komlik — Ben Bernanke on economics: an insight

In his remarks at Princeton University Baccalaureate Ceremony in June 2013, several months before he left office, the former chairman of the Federal Reserve and an eminent economist Ben Bernanke released into the world this frank insight:

“Economics is a highly sophisticated field of thought that is superb at explaining to policymakers precisely why the choices they made in the past were wrong. About the future, not so much.“

Economic Sociology and Political Economy
Ben Bernanke on economics: an insight
Oleg Komlik | founder and editor-in-chief of the ES/PE, Chairman of the Junior Sociologists Network at the International Sociological Association, a PhD Candidate in Economic Sociology in the Department of Sociology and Anthropology at Ben-Gurion University, and a Lecturer in t School of Behavioral Sciences at the College of Management Academic Studies