QUESTIONS FOR JAMES K. GALBRAITH - The Populist Do you find it odd that so few economists foresaw the current credit disaster? Some did. The person with the most serious claim for seeing it coming is Dean Baker, the Washington economist. I saw it coming in general terms. But there are at least 15,000 professional economists in this country, and you're saying only two or three of them foresaw the mortgage crisis? Ten or 12 would be closer than two or three.
Do you find it odd that so few economists foresaw the current credit disaster?
Some did. The person with the most serious claim for seeing it coming is Dean Baker, the Washington economist. I saw it coming in general terms.
But there are at least 15,000 professional economists in this country, and you're saying only two or three of them foresaw the mortgage crisis?
Ten or 12 would be closer than two or three.
In the long run, we're all dead. John Maynard Keynes
