Anyone else watching recent news and despairing at the uselessness - TopicsExpress

Anyone else watching recent news and despairing at the uselessness of economics? From the Economist, no less... In a recent lecture, Paul Krugman, winner of the Nobel prize in economics in 2008, argued that much of the past 30 years of macroeconomics was “spectacularly useless at best, and positively harmful at worst.” Anyone read Small is beautiful- economics as if people mattered by Fritz Schumacher from 1973? Most folk loved it - but no government embraced it. economist/node/14031376

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