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Friday, September 26, 2014

The Dismal Science 'Seven Bad Ideas,' by Jeff Madrick

The Dismal Science

'Seven Bad Ideas,' by Jeff Madrick

The economics profession has not, to say the least, covered itself in glory these past six years. Hardly any economists predicted the 2008 crisis — and the handful who did tended to be people who also predicted crises that didn’t happen. More significant, many and arguably most economists were claiming, right up to the moment of collapse, that nothing like this could even happen.

http://www.nytimes.com/2014/09/28/books/review/seven-bad-ideas-by-jeff-madrick.html?emc=edit_bk_20140926&nl=books&nlid=60745655

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