“Sack the Economists”

Real-World Economics Review Blog

from Geoff Davies

Non-mainstream economists are all-too aware of the failure of mainstream economists to anticipate, let alone avoid, the Global Financial Crisis and the ensuing Great Recession.  The mainstream profession is also failing to fix the problem, and is actually making it worse.

It is hard to get alternative views heard, and the mainstream carries on almost totally unperturbed, despite being centrally responsible for a global disaster.  This is of course extremely frustrating.

After reading yet another cri de coeur from yet another frustrated economist, I thought perhaps we need to spell out the message in all bluntness: we need to sack the economists (the mainstreamers).  We also need to derail their baleful ideology.  That means we need to disband the departments of neoclassical economics, so the poison is not passed on to any more hapless generations.

When I say “we”, I really mean “we, the people”.  The job…

View original post 1,251 more words

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