I didn’t need a global economic collapse to know that the Chicago School of Economics was intellectually bankrupt — but the crisis sure has revealed that much to many many others:
• Delong: The Intellectual Collapse of the Chicago School of Economics Continues
• Gavyn Davies: The classical view of the global recession
• Krugman: Whispers, Giggles and Epicycles
Unfortunately, those guys are quote late to the party:
• RIP Chicago School of Economics: 1976-2008 (December 23rd, 2008)
• Letter from Chicago: F (January 5th, 2010)
Not only that, they are too narrowly focused. Its not just the Chicago School — which happens to be especially wrong — its all of economics that stunk the joint up:
• Why Economists Missed the Crises (January 2009)
• Read It Here First: “What Good Are Economists?” (April 25th, 2009)
And from the wayback machine:
• 2004: A test of Supply Side economics (December 27th, 2003)
