In his November 7, 2023 New York Times newsletter, the economist Paul Krugman asks a good, albeit belated, question: Why did so many economists get the inflation outlook wrong? After all, the ...

Had I not read Angus Deaton’s Economics in America: An Immigrant Economist Explores the Land of Inequality, I would not have learned that one of the most devastating blows to the economics profession ...

Forbes contributors publish independent expert analyses and insights. I write about 21st century leadership, Agile, innovation & narrative. According to the Wikipedia article on the subject of ...

Austrian economics does not share the same methodology as we see in the economics mainstream. The Austrian emphasis on ...

There is nothing so reactionary that most mainstream economists will not fervently advocate it. [cartoon from google images] If you read The New York Times – not that I recommend it – you might have ...

In June 2007, Jean-Philippe Cotis, the chief economist of the Organisation for Economic Cooperation and Development, declared that 2008 was going to be a great year. The economic situation was “better ...

Mainstream economics consistently fails to predict the future. I’m talking about those ‘schools’ of mis-thought, ranging from Paul Krugman on the ‘left’ to Glenn Hubbard and other apologists of ...

Among ongoing efforts to rethink the basic tenets of mainstream economics is a provocative new book by James Galbraith and Jing Chen. The authors sweep aside the intellectual structure of mainstream ...