Saturday, September 5, 2009

How Did Economists Get It So Wrong? - Paul Krugman

How Did Economists Get It So Wrong?
http://www.nytimes.com/2009/09/06/magazine/06Economic-t.html?_r=1&em
(You might have to Register (for free) at nytimes.com to view the article)

Excerpt -
the central cause of the profession’s failure was the desire for an all-encompassing, intellectually elegant approach that also gave economists a chance to show off their mathematical prowess.

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