I received the following e-mail from the Editor of The Economist today:
Dear Reader,
This week we look at what went wrong with economics, and how it is changing after the crisis. The models economists were using mostly ignored real-world inconveniences like financial institutions—a problem, when they were the origin of the crisis; and the efficient-markets hypothesis, exaggerated and misused on Wall Street, encouraged excessive risk-taking. Economists are now arguing fiercely about how the discipline needs to be reshaped.
Here are some other pieces from this week's issue you might also be interested in. You can click straight through to each one and read it online at Economist.com using the links below.
Here are some other pieces from this week's issue you might also be interested in. You can click straight through to each one and read it online at Economist.com using the links below.
John Micklethwait
THIS WEEK'S HIGHLIGHTS:
- Britain in Afghanistan Deaths and wobbles
- Goldman Sachs's record profits No reason to relax
- Japan's governing party Rotten and declining
- Europe's energy insecurity Pipelines, liberalisation and liquid natural gas will help
- Atheists in America Summer camp for the children of a lonely group
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