My earlier post on the fractious nature of professional economics turns out to have been an understatement. It’s a lot worse than I thought. There are groups out there who positively hate each other. An excellent statement of the state of play is here[warning: this is from an insider within the profession, so it has […]

One of the great victims of our current economic malaise is the economics profession itself. The infighting and bickering between our foremost economists over what to do about the crisis is a shameful reminder to all of us that economic theory is a fledgling not a fully grown phenomenon. For those of you who want […]