Wednesday, September 9, 2009

New poll: Should economists have been able to predict the global economic collapse?

I've added a new poll (see sidebar):

It's been a year since the global economy imploded -- an event that was largely unpredicted. Did economists drop the ball?
  • No, economics is too complex and susceptible to sudden trends
  • No, economics is not an exact science, but the discipline needs to steadily improve
  • Yes, economists are clearly asleep at the wheel and barking up the wrong trees
  • Yes, but let’s not overstate the degree to which this could have been predicted
Feel free to add alternative perspectives to the comments.

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