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Most Downloaded Articles
- Occupy Wall Street and the Political Economy of Inequality by Dube, Arindrajit and Kaplan, Ethan
- The Cost of Job Loss in the Great Recession: How Bad Has it Been? by Farber, Henry S.
- Stimulating the Economy in an Era of Debt and Deficit by Stiglitz, Joseph E.
- The Gender Pay Gap by Blau, Francine D and Kahn, Lawrence M
- Investment Banking Regulation After Bear Stearns by Jaffee, Dwight M. and Perlow, Mark
If It Were a Fight, They Would Have Stopped It in December of 2008
Citation Information: The Economists' Voice. Volume 7, Issue 2, Pages –, ISSN (Online) 1553-3832, DOI: 10.2202/1553-3832.1725, April 2010
- Published Online:
New classical economics should not be judged based upon what theorists say today about the 2008-2009 crisis, but instead by looking at what economists like Casey Mulligan said as the crisis was unfolding. Once scrutiny is given to what new classical economics lead adherents believe in late 2008, Robert Barbera wonders how any rational thinker could continue to defend the framework.