Is It Time for a New Economics Curriculum?
https://www.newyorker.com/culture/annals-of-inquiry/is-it-time-for-a-new-economics-curriculum
“In retrospect, it seems fair to say that a complacent overconfidence dominated mainstream economics in the early two-thousands. In 2003, the economist Robert Lucas, in his presidential address to the American Economic Association, claimed that the “central problem of depression prevention has been solved, for all practical purposes, and has in fact been solved for many decades.” Then came the 2008 crash—not a great depression, but certainly a great recession. Carlin, who teaches at University College London, felt that her field was under an accusatory gaze. “That was the moment when the finger was pointed at economists as having failed to realize that something was happening,” she told me recently. Queen Elizabeth II visited the London School of Economics in 2008, and asked the school’s professors why no one had seen the crisis coming”.
https://www.newyorker.com/culture/annals-of-inquiry/is-it-time-for-a-new-economics-curriculum
“In retrospect, it seems fair to say that a complacent overconfidence dominated mainstream economics in the early two-thousands. In 2003, the economist Robert Lucas, in his presidential address to the American Economic Association, claimed that the “central problem of depression prevention has been solved, for all practical purposes, and has in fact been solved for many decades.” Then came the 2008 crash—not a great depression, but certainly a great recession. Carlin, who teaches at University College London, felt that her field was under an accusatory gaze. “That was the moment when the finger was pointed at economists as having failed to realize that something was happening,” she told me recently. Queen Elizabeth II visited the London School of Economics in 2008, and asked the school’s professors why no one had seen the crisis coming”.
CORE ECONOMICS - The Economy [Free Textbook for Principles of Economics]