Why It's A Big Problem That Economists Still Don't Understand Money
Odd Lots
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Economic Reflections Post-Crisis
This chapter reflects on the financial crisis of 2008, exploring its impact on economic journalism and the subsequent challenges to traditional economic orthodoxy. The discussion highlights the dual nature of the crisis—its societal difficulties alongside the narrative potential for media coverage—while emphasizing the need for innovative economic ideas. It critiques misconceptions related to market efficiency and the role of money, advocating for a reevaluation of economic theories to better address current uncertainties and consumer behaviors.
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