Jamal Awil

← Never Let a Serious Crisis Go to Waste

Once that grew old. [fact]

But wait: escaping scot-free is not equivalent to having evaded all controversy and condescension along the way. The task in the next few chapters is to explore this tepidly tempestuous phenomenon within the contemporary economics profession: professing a fairly narrow set of doctrines with zero tolerance for heterodoxy before the crash, and then appearing clueless during the crash, they set upon one another with a barely restrained nastiness in the immediate aftermath. Once that grew old, instead of calling a truce and opening up their intellectual horizons by entertaining alternative accounts in reaction to events, they hastily reinstated the status quo ante and closed ranks after an interregnum, only to emerge with their positions and authority relatively unscathed.

Philip Mirowski, Never Let a Serious Crisis …, loc. 439