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The (Many) Things Macroeconomists Don't Know

Harvard Business Review

Jean-Claude Trichet , now a few months into retirement, has no regrets about his eight-year tenure as president of the European Central Bank. Another quote: " Rational expectations theory has brought macroeconomics a long way. I don't regret anything," was the response. but there is a clear case to reexamine the assumptions."

Crisis 12
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Economics Nobel a Lagging Indicator

Harvard Business Review

In this case, the award has been given for work that shores up a fiction of economics—rational expectations theory—that is complicit in the financial crisis and has been renounced even by Alan Greenspan.