Economics in the Dock
Long regarded as all-knowing high priests, with their models akin to religious creed, economists are taking a bashing these days. Their reputation is tarnished. Not only did the vast majority miss the biggest economic event in living memory, the 2008 crash, but today our assumptions about the way people behave are being undermined by psychologists, sociologists, historians, and a host of other “concerned” individuals. Our panel asks whether economists, so often spouting off on TV, radio, and podcasts, know what they are talking about. Is the Emperor wearing any clothes?