Magazine: How Did Economists Get It So Wrong?
By PAUL KRUGMAN
The Great Recession was the result not only of lax
regulation in Washington and reckless risk-taking on Wall
Street but also of faulty theorizing in academia.
Full Story:
http://www.nytimes.com/2009/09/06/magazine...amp;tntemail1=y
Full Version: Magazine: How Did Economists Get It So Wrong?
Common Ground Common Sense > National & International News > Op-Ed Articles from the Mainstream Media > Op-Ed Articles from the Mainstream Media Archive
QUOTE(Snuffysmith @ Sep 6 2009, 08:34 PM) 
Magazine: How Did Economists Get It So Wrong?
By PAUL KRUGMAN
The Great Recession was the result not only of lax
regulation in Washington and reckless risk-taking on Wall
Street but also of faulty theorizing in academia.
By PAUL KRUGMAN
The Great Recession was the result not only of lax
regulation in Washington and reckless risk-taking on Wall
Street but also of faulty theorizing in academia.
This is what happens when rocket scientists are lured to Wall $treet on the promise of big bucks. We should put these minds to use CREATING the new green energy sources to get us through the next century instead of figuring ways to turn Kaka into AAA securities.
A related and equally significant question is how did the world's moral leaders that MAN the Churches
and waste so much of the world's resources, get it so wrong?
and waste so much of the world's resources, get it so wrong?
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