Discredited economics and the revered economist

In the wake of the financial crisis of 2007-2008 there was much talk from within and without the economics profession about what went wrong.  Many on the outside of the profession viewed the crisis as the result of the slavish devotion of policy makers to the advice of academic and private sector economists.  The outsiders continue to be astonished that economists are taken seriously any more.

The rest of this post is here.

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