Economists and the financial crisis

Two good articles on (standard) economists’ failure to understand the financial crisis, and several economists who did.
The first is
by James Galbraith on the failures of economists in the current financial crisis and –the main part of the article–what non-mainstream economists were saying about crises before the actual crises occurred. Definitely worth reading. http://www.levy.org/pubs/Thought_Action.pdf

Also, along the same line, a good WSJ article on Henry Hu “The Scholar that saw it coming.” http://online.wsj.com/article/SB10001424052748703415804575023402762491286.html

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