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Nobel Economists Offer First Aid for Global Economy
Bottom line, they haven't got a clue. Stiglitz comes the closest with his negative analysis of the IMF, but then steers off into lala land with his recommendation for a new global reserve currency.
It is sad to read the incoherence of Samuelson and yet his introductory economic textbooks still form the basis for most Eco 101 courses.
Posted by: tipper 2008-11-15
http://www.rantburg.com/poparticle.php?ID=255253