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Economic Crises and the Crisis of Economics

Subacchi, Paola, (2017), “Economic Crises and the Crisis of Economics”, Project Syndicate, 13 Ιανουαρίου

Is the economics profession “in crisis”? Many policymakers, such as Andy Haldane, the Bank of England’s chief economist, believe that it is. Indeed, a decade ago, economists failed to see a massive storm on the horizon, until it culminated in the most destructive global financial crisis in nearly 80 years. More recently, they misjudged the immediate impact that the United Kingdom’s Brexit vote would have on its economy.

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