Economists and the Crisis

irisheconomy.ie - 9/5/2009

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As has been tracked by several previous posts on this blog, there is by now a considerable debate on what the crisis teaches us about the role of economists. One dimension of this debate has focused on the failure by the economics profession to predict the onset of the crisis. A second ...

nytimes.com - 9/4/2009

How Did Economists Get It So Wrong?

— nytimes.com — I. MISTAKING BEAUTY FOR TRUTH It’s hard to believe now, but not long ago economists were congratulating... themselves over the success of their field. Those successes — or so they believed — were both theoretical and practical, leading to a golden era ... (more) How Did Economists Get It So Wrong?

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forbes.com - 9/12/2009

Everything You Always Wanted To Know About Economists

— forbes.com — In a recent article for the Huffington Post , Pulitzer Prize winner Jane Smiley questions the wisdom... and integrity of economists--as well as the value of economics. Unfortunately, she misunderstands what economics is and what economists do. Smiley ... (more) Everything You Always Wanted To Know About Economists

Comments vote down The Austrian Economists found this 9/12/2009found this

macroblog.typepad.com - 9/11/2009

Economists got it wrong, but why?

— macroblog.typepad.com — Economists definitely received some bad publicity this past week, most prominently in the New York Times ,... where Paul Krugman asked " How Did Economists Get It So Wrong? ," a nonrhetorical question he goes on to answer this way: "As I see it, the ... (more) Economists got it wrong, but why?

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Economist's View: "Economists and the Crisis"

MV=PQ: A Resource for Economic Educators: Economists and the Crisis

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"Economists and the Crisis"
Economist's View — ... Economists and the Crisis, by Philip Lane: As has been tracked by several previous posts on this blog, there is by now a considerable debate on what the crisis teaches us about the role of economists. ...

Economists and the Crisis
MV=PQ: A Resource for Economic Educators — ... you may not be aware of the wide range of comment the piece has generated in the blogosphere. I was only somewhat aware until I ran across a post in The Wall Street Journal's Realtime Economics blog. All the ones listed are in that piece are quite good, but some of the ones that I think are especially worthy your time (something to read on Sunday after you're done with the newspaper) are these: Scott Sumner at TheMoneyIllusion Philip Lane at the Irish Economy blog (HT to Mark Thoma @ Economists View) Brad ...

What's Wrong with Macroeconomics?
Economist's View — ... Colander: Causes of the Crisis Robert Gordon: Is Modern Macro or 1978-era Macro More Relevant to the Understanding of the Current Economic Crisis? [introduction posted below] David Warsh: Economics and Its Discontents [posted below] Paul Krugman: Freshwater Rage [posted below] Also: Barry Eichengreen: The Last Temptation of Risk Philip Lane: Economists and the Crisis David Altig: Economists got it wrong, but ...

"Did Economists Ever Get it Right?"
Economist's View — ... Antonio Fatás on the state of macroeconomics: Did Economists Ever Get it Right?, by Antonio Fatás, Commentary, MorningStar (originally): Paul Krugman has written a nice essay on the NY Times about How did economists get it wrong?. Other economists have written on the same topic: Eichengreen, Lane, Thoma, DeLong. My reading of these articles is that there is a good deal of consensus around the following points: 1. Many (economists and ...