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Back to Basics for Economics.

The article discusses the failure of economists in academia in the U.S. to predict the serious impact of the 2008-2009 U.S. financial crisis, according to the article "Economics in Crisis," by J. Bradford DeLong, published in the May 2011 issue of "The Economists' Voice" magazine. Topics include DeL...

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Publicado en:Wilson Quarterly Vol. 35; no. 4; pp. 62 - 64
Formato: Artículo
Publicado: Woodrow Wilson International Center for Scholars Autumn2011
Materias:
Global Financial Crisis, 2008-2009
United States economy, 2009-2017
Microstructure
Economics
Academic departments
Delong, J. Bradford
Economic activity
United States
Acceso en línea:Ver este registro en EBSCOhost
Sumario:The article discusses the failure of economists in academia in the U.S. to predict the serious impact of the 2008-2009 U.S. financial crisis, according to the article "Economics in Crisis," by J. Bradford DeLong, published in the May 2011 issue of "The Economists' Voice" magazine. Topics include DeLong's suggestion that economic departments increase the study of cognitive bias and microstructure, and the neglect of economists to appreciate the human and historical aspects of economic activity.