The seven sins of economists..

Pramit Bhattacharya on the 10th anniversary of sub-prime crisis points to 7 sins of economists:

 

  • Sin 1: Alice in Wonderland assumptions
  • Sin 2: Abuse of modelling
  • Sin 3: Intellectual capture
  • Sin 4: The science obsession
  • Sin 5: Perpetuating the myth of ‘the textbook’ and Econ 101
  • Sin 6: Ignoring society
  • Sin 7: Ignoring history

Given the number of omissions and assumptions, one wonders what does the subject include?

3 Responses to “The seven sins of economists..”

  1. Anantha Nageswaran Says:

    Isn’t this all old wine and old bottles too? What is new? I think this economist ‘bashing bubble’ is truly inflated.

  2. Idell Presto Says:

    Hello, google lead me here, keep up nice work.

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