Posner makes the interesting point that most behavioral economists—who study the application of psychology to economics—did not predict the economic crisis either. We would put this somewhat differently: There were very few behavioral economists who made forceful public statements that a crisis may be imminent. That is because there are very few behavioral economists who even specialized in macroeconomics, and so virtually none was willing to take the risk of making any definitive forecast.

Philip Mirowski, Never Let a Serious Crisis …, loc. 735