"To put it mildly, economists have fallen out of favor with the public since 2008. First they failed to predict the crisis, or even to acknowledge that such crises were possible. Then they failed to agree on a solution to the recession, leaving us floundering. No wonder there has been a steady flow of anti-economics articles. The rakes and pitchforks are out, and the mob is ready to assault the mansion of these social-science Frankensteins. But before you start throwing the torches, there is something I must tell you: The people you are mad at are only a small fraction of the economics profession. When people in the media say "economists," what they usually mean is "macroeconomists. Macroeconomists are the economists whose job is to study business cycles - booms and busts, unemployment, etc. Macro, as we know it in the profession, is sort of the glamour division of economy... Macro was what Keynes wrote about, as did Milton Friedman and Friedrich Hayek. ( Do artigo de Noah Smith na revista The Week).
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