Are Economists Too Pessimistic?
Economics Explained
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Introduction
Economists are often pessimistic about the future, but we have just lived through the most prosperous decade in human history. This is not a question of living in fear or blissful ignorance; even the most brilliant people get their predictions hilariously and spectacularly wrong. So why are economists always predicting bad things will happen? How often do they actually get these predictions right? And finally, what does this pessimism teach us about the role of a professional economist?
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