Overdosing on Heterodoxy Can Kill You (Ricardo Hausmann, Project-Syndicate)

Ever since the 2008 financial crisis, it has been common to chastise economists for not having predicted the disaster, for having offered the wrong prescriptions to prevent it, or for having failed to fix it after it happened. The call for new economic thinking has been persistent – and justified. But all that is new may not be good, and that all that is good may not be new

https://www.project-syndicate.org/commentary/heterodox-economics-venezuela-collapse-by-ricardo-hausmann-2016-05