Mwahahaha... [ZT]
Posted: 2010-01-12 13:41
From Johan Lehrer's blog:
http://scienceblogs.com/cortex/2010/01/ ... cation.php
http://www.newyorker.com/online/blogs/j ... risis.html
(Yes, I admit I do not have a subscription to The New Yorker.)
http://scienceblogs.com/cortex/2010/01/ ... cation.php
The original article written by John Cassidy is not available for free online. You need a subscription to read it:In a recent New Yorker, John Cassidy spends time with a number of influential economists at the University of Chicago, home to the Chicago School and its emphasis on the productive efficiency of free markets. Obviously, the financial maelstrom of the last few years has led many to question this premise, at least in its strongest form. How have these economists reacted? If you read my recent article in Wired on the psychology of failure, you probably aren't too surprised to learn that Cassidy finds several eminent Chicago economists who insist that the market failure wasn't actually a failure, or that even if there was a failure then it didn't involve the markets. In other words, their assumption remains intact - it's the evidence that's so flawed.
http://www.newyorker.com/online/blogs/j ... risis.html
(Yes, I admit I do not have a subscription to The New Yorker.)