Sandwichman wrote:
This discussion contradicts the subject line. The economics profession SUCCEEDED, spectacularly, in doing what they were supposed to do. If anyone "failed" it would be the radicals, leftists, progressives, Marxists, heterodoxists or whatever who were unable to offer a viable, coherent alternative to the mainstream propaganda.
You make it sound like the government of the U.S. chooses between Michael Perelman and Ben Bernanke as if it was someone at a Chinese restaurant trying to decide between Beef with Broccoli and Mooshoo Pork. I don't think that Michael Perelman was on the menu. In fact, not even somebody like Paul Krugman was.
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