The following is my comment from this week’s Fund Strategy on the intellectual crisis of economics. I also wrote a news analysis piece on the first anniversary of the financial crisis. The economic crisis of the past year has engendered a parallel crisis of economics. Economists from Nobel laureates downwards have engaged in soul searching […]

This is my comment from this week’s Fund Strategy. It is widely accepted that few economists anticipated the economic crisis of the past year. But what about the small minority who predicted imminent doom? Many are being given undue credit for their apparently accurate predictions. It is easy to forget that until last year the […]