(AGENPARL) – mar 12 marzo 2024 Questioning one’s views as circumstances evolve can be a good thing
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Rethinking My Economics [ https://www.imf.org/en/Publications/fandd/issues/2024/03/Symposium-Rethinking-Economics-Angus-Deaton?utm_medium=email&utm_source=govdelivery ]
*MARCH 2024 ISSUE*
*By Angus Deaton*
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Deaton [ https://www.imf.org/en/Publications/fandd/issues/2024/03/Symposium-Rethinking-Economics-Angus-Deaton?utm_medium=email&utm_source=govdelivery ]
(Credit: Andre Laame/Sepia)
Dear Colleague,
The economics profession knows and understands many things, but today we are in some disarray, writes [ https://www.imf.org/en/Publications/fandd/issues/2024/03/Symposium-Rethinking-Economics-Angus-Deaton?utm_medium=email&utm_source=govdelivery ] Nobel laureate *Angus Deaton* in F&D magazine.
“We did not collectively predict the financial crisis and, worse still, we may have contributed to it through an overenthusiastic belief in the efficacy of markets, especially financial markets whose structure and implications we understood less well than we thought. Recent macroeconomic events, admittedly unusual, have seen quarrelling experts whose main point of agreement is the incorrectness of others,” Deaton writes.
“Like many others, I have recently found myself changing my mind, a discomfiting process for someone who has been a practicing economist for more than half a century.”
*Read the full article [ https://www.imf.org/en/Publications/fandd/issues/2024/03/Symposium-Rethinking-Economics-Angus-Deaton?utm_medium=email&utm_source=govdelivery ]*
March 24 F&D Issue Cover [ https://www.imf.org/en/Publications/fandd?utm_medium=email&utm_source=govdelivery ]
This article appeared in the March issue of F&D magazine, *Economics: How should it change? [ https://www.imf.org/en/Publications/fandd?utm_medium=email&utm_source=govdelivery ] *
Contributors include Angus Deaton [ https://www.imf.org/en/Publications/fandd/issues/2024/03/Symposium-Rethinking-Economics-Angus-Deaton?utm_medium=email&utm_source=govdelivery ], Atif Mian [ https://www.imf.org/en/Publications/fandd/issues/2024/03/Symposium-Breaking-the-debt-supercycle-Atif-Mian?utm_medium=email&utm_source=govdelivery ], Dani Rodrik [ https://www.imf.org/en/Publications/fandd/issues/2024/03/Point-of-view-addressing-challenges-of-a-new-era-Dani-Rodrick?utm_medium=email&utm_source=govdelivery ], Diane Coyle [ https://www.imf.org/en/Publications/fandd/issues/2024/03/Symposium-Renewing-economics-Diane-Coyle?utm_medium=email&utm_source=govdelivery ], Jayati Ghosh [ https://www.imf.org/en/Publications/fandd/issues/2024/03/Symposium-Why-and-how-economics-must-change-Jayati-Ghosh?utm_medium=email&utm_source=govdelivery ], Jeffry Frieden [ https://www.imf.org/en/Publications/fandd/issues/2024/03/A-Place-for-Politics-Jeffry-Frieden?utm_medium=email&utm_source=govdelivery ], John H. Cochrane [ https://www.imf.org/en/Publications/fandd/issues/2024/03/Symposium-How-inflation-radically-changes-economic-ideas-John-Cochrane?utm_medium=email&utm_source=govdelivery ], Kate Raworth [ https://www.imf.org/en/Publications/fandd/issues/2024/03/Point-of-view-a-new-compass-for-economics-Kate-Raworth?utm_medium=email&utm_source=govdelivery ], Katharina Pistor [ https://www.imf.org/en/Publications/fandd/issues/2024/03/Point-of-view-The-social-costs-of-price-Katharina-Pistor?utm_medium=email&utm_source=govdelivery ], Michael Kremer [ https://www.imf.org/en/Publications/fandd/issues/2024/03/Symposium-Economics-and-innovation-Michael-Kremer?utm_medium=email&utm_source=govdelivery ], Michael Olabisi [ https://www.imf.org/en/Publications/fandd/issues/2024/03/Paying-Africa-climate-bill-Michael-Olabisi?utm_medium=email&utm_source=govdelivery ], Niall Kishtainy [ https://www.imf.org/en/Publications/fandd/issues/2024/03/March-of-the-models-Niall-Kishtainy?utm_medium=email&utm_source=govdelivery ], Ruchir Agarwal [ https://www.imf.org/en/Publications/fandd/issues/2024/03/B2B-what-is-inclusive-growth-Ruchir-Agarwal?utm_medium=email&utm_source=govdelivery ], Signe Krogstrup, Thomas Sangill, Mette von Sicard [ https://www.imf.org/en/Publications/fandd/issues/2024/03/Containing-Technology-driven-bank-runs-Krogstrup-Sangill-Sicard?utm_medium=email&utm_source=govdelivery ], Suresh Naidu [ https://www.imf.org/en/Publications/fandd/issues/2024/03/Labor-market-models-show-an-incomplete-picture-Suresh-Naidu?utm_medium=email&utm_source=govdelivery ], Ulrike Malmendier, Clint Hamilton [ https://www.imf.org/en/Publications/fandd/issues/2024/03/New-lessons-from-behavioral-economics-Malmendier-Hamilton?utm_medium=email&utm_source=govdelivery ], Wendy Carlin [ https://www.imf.org/en/Publications/fandd/issues/2024/03/Cafe-Economics-transforming-economics-teaching-Wendy-Carlin?utm_medium=email&utm_source=govdelivery ], and many others.
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Peter Walker
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