Have Economists Learned From the Great Recession?

If an unanticipated earthquake measuring 9.0 on the Richter scale had just sunk the island of Manhattan, I’d like to think that departments of geology worldwide would be feverishly reexamining their research priorities, curricula, and syllabi. But I have the impression that no such urgency is evident in the profession of economics after most of it resoundingly failed to anticipate the global meltdown of the last decade (and continuing).

The academy is busy protecting itself. Journalism is busy avoiding ideas. Public media are besotted by Personalities. All this in a nation founded upon ideas.


Read also: The Perils of Ignoring History – This Time, Europe Really Is on the Brink

The Next Domino – Europe Unprepared as Euro Crisis Deepens

The underwhelming response of the American economics profession to the crisis

Building Chicago Economics: New Perspectives on the History of America’s Most Powerful Economics Program

The great crash of 2008 and the reform of economics

The Minsky Moment

Predator Nation: Corporate Criminals, Political Corruption, and the Hijacking of America


About Giorgio Bertini

Director at Learning Change Project - Research on society, culture, art, neuroscience, cognition, critical thinking, intelligence, creativity, autopoiesis, self-organization, rhizomes, complexity, systems, networks, leadership, sustainability, thinkers, futures ++
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