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  1. 09-07-2009, 01:19 AM #1
    carolinamtnwoman
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    How Did Economists Get It So Wrong?

    How Did Economists Get It So Wrong?


    by Paul Krugman
    New York Times - 2009-09-02



    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 for the profession. On the theoretical side, they thought that they had resolved their internal disputes. Thus, in a 2008 paper titled “The State of Macroâ€
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  2. 09-07-2009, 04:12 AM #2
    domack
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    How Did Economists Get It So Wrong?
    Who says they did. They knew what was going on. Sock puppets only mouth the words their minders give them.
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