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Economics: The shaky science
Monday, June 28th, 2010
June 28, 2010
In major advanced countries — the 31 members of the Organization for Economic Cooperation and Development — unemployment stands at 46.5 million people, up about 50 percent since 2007. It’s not just that people lack work. Lengthy unemployment may erode skills, leading to downward mobility or permanent joblessness. But what more can governments do? It’s unclear… Economics has become the shaky science; its intellectual chaos provides context for today’s policy disputes at home and abroad.
Tags: economy, ideology
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