ECONned: How Unenlightened Self Interest Undermined Democracy and Corrupted Capitalism

ECONned examines the unquestioned role of economists as policy-makers, and how they helped create an unmitigated economic disaster.

Why are we in such a financial mess today? There are lots of proximate causes: over-leverage, global imbalances, bad financial technology that lead to widespread underestimation of risk. But these are all symptoms. Until we isolate and tackle fundamental causes, we will fail to extirpate the disease.

Here, Yves Smith looks at how economists in key policy positio...