Jamal Awil

← Never Let a Serious Crisis Go to Waste

The world is simply too complicated for that. [fact]

To be fair, economists can't be expected to predict the future with any kind of exactitude. The world is simply too complicated for that. But collectively, they should be able to warn of dangers ahead. And when disaster strikes, they ought to know what to do. Indeed, people pay attention to economists at times like this precisely because of their bold claim that they know how to prevent the economy from sliding into a repeat of the Great Depression. But seven decades after the Depression, economists still haven't reached consensus on its lessons.

Philip Mirowski, Never Let a Serious Crisis …, loc. 679