In one high-profile case, the Queen of England felt impelled to query the economists at the LSE in November 2008 as to why no one in the profession had warned of the crisis. After a fluster of indecision, the economists at the British Academy wrote back to the monarch suggesting she was mistaken: they had been on top of events all along, although there may have been a wee failure of imagination.

Philip Mirowski, Never Let a Serious Crisis …, loc. 442