Wanted: Economics. Dead or Alive?

Glenn Boyle ()

No 373100, Competition & Regulation Times from New Zealand Institute for the Study of Competition and Regulation

Abstract: The 2008 global financial crisis resulted in a number of casualties. In the eyes of many, one such casualty is economics itself. According to these critics, economics has failed dismally: it failed to prevent the crisis, it failed to predict the crisis, and it even contributed to causing the crisis. Glenn Boyle argues that proponents of such a view have much in common with medieval monarchs who removed the heads of those bearing unwelcome news, and that sensible commentary on economics has been the real victim of the crisis.

Date: 2010-12-01
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Persistent link: https://EconPapers.repec.org/RePEc:vuw:vuwcrt:373100

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