Showing posts with label folly. Show all posts
Showing posts with label folly. Show all posts

Thursday, 11 December 2008

How the 'Experts' Missed the Crash: Philosophical Flaws, No Sense of History



Unfortunately, Galbraith doesn't hold much hope that this crisis will change much the outlook for economists, noting they don't study history and many are "still in denial" about what's transpired.