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mánudagur, 21. febrúar 2011
Why can’t economists predict disruptive events?
When the Queen asked asked an academic at the LSE why the economics profession had failed to predict the credit crunch, she raised a topic which continues to resonate
“Because economists are rational, ma’am”
Why can’t economists predict disruptive events? | gavyn davies | Insight into macroeconomics and the financial markets from the Financial Times – FT.com
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