MUDAR DE CIÊNCIA

What went wrong with economics
And how the discipline should change to avoid the mistakes of the past

... In a recent lecture, Paul Krugman, winner of the Nobel prize in economics in 2008, argued that much of the past 30 years of macroeconomics was “spectacularly useless at best, and positively harmful at worst" (... )

... Much of that body of knowledge has no link to the financial crisis and remains as useful as ever.

Economics is in crisis: it is time for a profound revamp
We need a new science of macroeconomics. A science that starts from the assumption that individuals have severe cognitive limitations; that they do not understand much about the complexities of the world in which they live.
writes Paul De Grauwe, professor of economics at the University of Leuven and the Centre for European Policy Studies