Financial Times:
Queen Elizabeth stumped her hosts at the London School of Economics by asking why no one had seen the financial crisis coming. Scholars at that and other universities should feel the sting: if they cannot be counted on to spot dangers to the economy, why have economists at all?
Yeah, I'm pretty confident if an economist spotted a danger to the economy, all money-making activities would suspend until he or she gave the all-clear.
1 comment:
Still, one can't get past the question: why have economists at all?
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