Monday, July 4, 2011

Theorists tackle the financial crisis

David Warsh provides a readable and interesting summary of the goings-on at the 22nd Jerusalem Summer School in Economic Theory.

Reading this piece it struck me how much deeper Warsh's grasp of economics is than certain NYT economics columnists who come in for relatively frequent criticism on this blog. And, unlike certain other NYT economics columnists, Warsh seems to be able to make his points effectively without personal attacks. Seems like a misallocation of resources to me. Someone call the central planner.

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