Middle-east Arab News Opinion | Asharq Al-awsat

the Great Recession | ASHARQ AL-AWSAT English Archive 2005 -2017
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When Economics Failed

When Economics Failed

When people come up to me and declare that economists are charlatans, they usually mention how economists failed to predict the Great Recession. This is true. No mainstream macroeconomic model of the day managed to anticipate that the largest, longest economic...