DeLong: The Intellectual Collapse of the Chicago School of Economics Continues…

June 1, 2011 9:34pm by Barry Ritholtz

I didn’t need a global economic collapse to know that the Chicago School of Economics was intellectually bankrupt — but the crisis sure has revealed that much to many many others:

• Delong: The Intellectual Collapse of the Chicago School of Economics Continues

• Gavyn Davies: The classical view of the global recession

• Krugman: Whispers, Giggles and Epicycles

Unfortunately, those guys are quote late to the party:

• RIP Chicago School of Economics: 1976-2008 (December 23rd, 2008)

• Letter from Chicago: F (January 5th, 2010)

Not only that, they are too narrowly focused. Its not just the Chicago School — which happens to be especially wrong — its all of economics that stunk the joint up:

• Why Economists Missed the Crises (January 2009)

• Read It Here First: “What Good Are Economists?” (April 25th, 2009)

And from the wayback machine:

• 2004: A test of Supply Side economics (December 27th, 2003)

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