Paul Krugman in Sunday’s NYT has an article entitled “How Did Economists Get it so Wrong?” It’s fine as far as it goes, I think, but it misses so much, since it just focuses on financial economics. No mention of the growing wealth inequality in the US and its effects, such as forcing people to buy on credit, or using their homes a piggy banks (as long as the price was supposedly rising). No mention […]
Sep 082009