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\nWhy Economists Failed to Predict the Financial Crisis\n

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\n\nPublisher:\n\nInstitute for New Economic Thinking\n\n\n
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\n10 years later, Nobel laureate George Akerlof says the walls within economics need to come down. George Akerlof, a winner of the Nobel Prize in Economics, doesn’t mince words: economists failed to predict the financial crisis because...\n10 years later, Nobel laureate George Akerlof says the walls within economics need to come down.

George Akerlof, a winner of the Nobel Prize in Economics, doesn’t mince words: economists failed to predict the financial crisis because the discipline is too siloed. The rules of academic journal writing make it very difficult for an economist to write on an issue outside of their subfield, hindering the cross pollination of ideas that could have led to more economists predicting the crisis.

Specialization is the hallmark of a good economist. Or is it?\n
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Resource Details

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Educator Rating
Not yet Rated
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Media Length
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16:20
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Grade
Higher Ed
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Subjects
Social Studies & History
4 more...
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Media Type
Instructional Videos
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Source:
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\nNew Economic Thinking\n\n
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Date
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2018
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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identity, tobacco, economics, terms, mice, time, arizona, sharing, governments
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