What is the current state of economic science?

posted by
December 22, 2010
Ludwig von Mises Institute
by Erwin Rosen  
Posted in Commentary

"What is the current state of economic science? In two words, 'not good.' This is evident in the poor performance of the economics profession during the current financial crisis. Few economists saw it coming; once it started, its severity caught them by surprise; and now it is apparent that there is no agreement among them on how to end it." (12/22/10)

http://mises.org/daily/4886  

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