>

Why we fight

So I’d never heard of John T. Harvey, but he’s got a blog over at Forbes, and it’s really really good. His February 6th post, How Economists Contributed to the Financial Crisis, shows, with admirable clarity, just what’s wrong with economics. In fact, I’m jealous–I knew the facts he mentions, but I wish I’d laid them out so clearly in my book. I’d excerpt it, but it’s better if you just go read it.

Okay, I’ll excerpt one line I really like:

This doesn’t mean that nothing useful gets done [in economics], but there are built-in incentives against it.

 

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>