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Quotes from The Crisis of Capitalist Democracy — Richard Posner

born 1939 United States

← All quotes by Richard Posner

1 quote

One thing we’ve learned from the economic events of the past two years is that macroeconomics, or at least the part of macroeconomics that studies the business cycle, is a weak field. With only a few exceptions, macroeconomists, including the most illustrious, did not anticipate the current depression.

The Crisis of Capitalist Democracy (2010)

Attribution

Quotes and notes from Wikiquote: Richard Posner (page history), available under CC BY-SA 4.0.