Storm Warnings
The argument between orthodox economists and their critics resembles one that occurred in weather forecasting in the mid-nineteenth century, with the establishment of the UK Meteorology Office in 1854 by Admiral Robert FitzRoy.
The argument between orthodox economists and their critics resembles one that occurred in weather forecasting in the mid-nineteenth century, with the establishment of the UK Meteorology Office in 1854 by Admiral Robert FitzRoy.
‘The World in 2018’ is a world full of concerns about the future, yet a world that seems to be getting slightly more optimistic about its economic prospects. Ten years after the onset of the financial crisis, there are hopes that the global economy may have turned the corner and could finally be starting to pick up after years of slow growth. Are we seeing light at the end of the tunnel – or rather getting deeper into the fog?
Economists make forecasts about what is going to happen in the world of that great God – money.
Ultimately, our economy is in need of a massive retooling.
How could such acknowledged experts, well resourced, stuffed with economists and consulted by governments, get things so wrong?