This is exemplified by an event in 2010 that was literally unprecedented in the history of economic thought in America. Congressional testimony is regularly convened on all manner of issues of applied economics, and economists are regularly enjoined to testify. But never before, to my knowledge, has an entire session been convened to hold public hearings on criticism of a mathematical model produced by economic theory, not on its purported applications. Yet, on July 20, 2010, a kind of Star Chamber was convened to pillory the DSGE model.

Philip Mirowski, Never Let a Serious Crisis …, loc. 780