Tuesday, February 23, 2010

Economic "experts"

This week "Forum", a BBC World Service Programme, featured a very perspicacious man - Moises Naim - a former Venezuelan Trade and Industry Minister. He summed up very nicely what so many think about economists and their spectacular failure in predicting what they profess to be able to predict. Without actually saying so, he perhaps conveyed very well the deep contempt in which economists are held worldwide and even suggested briefly that they might learn from neurobiological experiments. I doubt that economists would want to listen to him, but for the rest of us he is worth listening to.

1 comment:

will said...

Not for nothing Economics is called "the dismal Science".