"In the wake of a financial crisis and punishing recession that the models failed to capture, a growing number of economists are beginning to question the intellectual foundations on which the models are built. Researchers, some of whom spent years on the academic margins, are offering up a barrage of ideas that they hope could form the building blocks of a new paradigm."Rationality with limits will win. My prediction.
Tuesday, November 30, 2010
Finding a Post-Crash Economic Model - WSJ.com: