Analysis will include discussion of global economic imbalances, policy failures, and flawed political and economic thinking that led to the world economic crisis of 2008 – 2010. Part of the planned discussion will also include a review historical experience of the twentieth and twenty-first centuries. We will provide a critical review of some important economic [...]
Economics is Not Hard Science
July 18, 2011 By
The global crisis unleashed with the collapse of major financial institutions has laid bare many pretensions about economics as a hard science. Many establishment economists failed to see the onset of the crisis and harbored illusions about the efficiency of free markets and the ability of markets to regulate themselves. As a result of the [...]