Outlaw Economists

June, 2012

OUTLAWS ECONOMISTSTHESE ROGUES OF THE DISMAL SCIENCE HAVE BEEN VIN­DICATED BY THE ECONOMIC CRASH. HOW MUCH LONGER CAN MAINSTREAM ECONOMISTS IGNORE THE HETERODOX?t was the kind of con­ference hall that makes you sleepy, with sound-absorbing walls and rows of plush chairs. William Black, a short, bearded man, wriggled the micro­phone free from the lectern. He wanted to wake up his audience. "Let me tell you all a story," he said, "about my for­mer nemesis." Professors of econom...