As by now you must be aware that Krugman wrote this longish essay criticizing economics and economists for their failure to forsee the crisis. If you have not read it yet, you can do so here. John Cochrane of Chicago Booth School of Business has a well written rebuttal titled, “Why did Paul Krugman get it so wrong?”. You can access it here.
Tag Archives: crisis
Fed Reserve of Cleveland’s researcher has some interesting things to say about the current crisis: