‘I’m Not an Economist’

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And “I never, never in my life took a course in economics,” says recently-announced co-winner of the Nobel Prize in Economics, Lloyd Shapley, who was genuinely shocked.  Go figure.

Is there any wonder why the “mainstream” of the economics profession had no clue that a real estate bubble existed, with its leading lights like Ben Bernanke promising permanent prosperity as late as the spring of 2007?

11:13 am on October 17, 2012