[Pen-l] The economics professions

To: Progressive Economics <pen-l@xxxxxxxxxxxxxxxxxx>
Subject: [Pen-l] The economics professions
From: "David B. Shemano" <dshemano@xxxxxxxxxx>
Date: Tue, 13 Jan 2009 14:58:30 -0800

While I am writing, to those of you complaining about the bankruptcy of the economics professions for failing to forsee the events of 2008, what conclusion are you drawing?  The conclusion that I draw is that if thousands of very smart people devoted to understanding our economy couldn't accurately predict what was going to occur, why do we think a few dozen government officials could do any better?  

David Shemano
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Thread context:
- Re: [Pen-l] Dean Baker: Getting the most bang for the stimulus buck, (continued)
- [Pen-l] Employee Free Choice Act/New Blog Post, MICHAEL YATES Wed 14 Jan 2009, 04:16 GMT
- [Pen-l] "almost a lost economic decade", Jim Devine Tue 13 Jan 2009, 22:36 GMT
  - <Possible follow-up(s)>
  - [Pen-l] "almost a lost economic decade", John Gulick Tue 13 Jan 2009, 23:52 GMT
- [Pen-l] The economics professions, David B. Shemano Tue 13 Jan 2009, 22:31 GMT
  - Re: [Pen-l] The economics professions, raghu Tue 13 Jan 2009, 22:50 GMT
    - Re: [Pen-l] The economics professions, Jim Devine Tue 13 Jan 2009, 23:58 GMT
  - Re: [Pen-l] The economics professions, Laurent GUERBY Wed 14 Jan 2009, 11:02 GMT
  - Re: [Pen-l] The economics professions, Ted Winslow Wed 14 Jan 2009, 13:57 GMT

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