Economics sometimes changes its mind
The science may be dismal but it is flexible, too
ECONOMICS IS A “disgrace”, according to Claudia Sahm, a former Federal Reserve researcher, who has chosen to “no longer identify” as an economist. Among several flaws, the profession fails to nurture the young, she argues, or listen to outsiders. A survey by the American Economic Association (AEA) found that only 31% of economists under the age of 44 felt valued within the discipline.
This article appeared in the Leaders section of the print edition under the headline “When the facts change”
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From the August 8th 2020 edition
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