Economists Who Did Their Homework (800 Years of It)

[archerships]

“Everyone wants to think they’re smarter than the poor souls in developing countries, and smarter than their predecessors,” says Carmen M. Reinhart, an economist at the University of Maryland. “They’re wrong. And we can prove it.”

via nytimes.com

Posted via email from crasch's posterous

Comments

[bandicoot.livejournal.com]

A quote from an economist friend - "If you took all the economists in the world and laid them end to end, they'd still all point in the wrong direction." ;)