Hubris: Why Economists Failed to Predict the Crisis and How to Avoid the Next One

A frank assessment of economists’ blindness before the financial crash in 2007–2008 and what must be done to avert a sequel

The failure of economists to anticipate the global financial crisis and mitigate the impact of the ensuing recession has spurred a public outcry. Economists are under fire, but questions concerning exactly how to redeem the discipline remain unanswered. In this provocative book, renowned economist Meghnad Desai investigates the evolution of economics and maps its traje...