An example of WHY CONFORMIST ECONOMISTS NEVER PREDICT A “CRISIS”

A paper of scientific weight drew my attention recently. Authored by N.D Van Egmond and B.J.M. De Vries and titled “Dynamics of a sustainable financial-economic system” this study dedicates all the effort in explaining economic processes as parts of a technical machinery. A lot of good founded correlations and formulas explain a system of fixed … Continue reading An example of WHY CONFORMIST ECONOMISTS NEVER PREDICT A “CRISIS”