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Quoting the Crisis
18/01/2012
“
(
Source:
alternet.org
)
Not too long ago, I asked Nobel Prize laureate Joseph Stiglitz how many economists he met still adhered to the Chicago School free market approach, otherwise known as Neoliberal economics, that was proven to be severely flawed by the recent economic crash.
“About 60 percent,” said Stiglitz.
“Why is that?” I asked.
“For the most simple human reason of all,” Stiglitz told me. “People don’t like to admit that they’re wrong.”
„Lynn Parramore in Mr. Davidson’s Planet: NPR/NYT Guru Adam Davidson’s Discredited Economic Principles | Economy | AlterNet
