In the wake of the Great Financial Crisis (GFC), we frequently observe the total disarray of mainstream economics. It proved not only incapable of predicting the crisis but even to allow for its existence. Indeed, academic articles from leading scholars in positions of influence and policymaking continued to proclaim the state of macroeconomics to be […]
Ben Fine is Professor of Economics at the School of Oriental and African Studies, University of London, and Chair of IIPPE.