The economics profession appears to have been unaware of the long build-up to the current worldwide financial crisis … is due to a misallocation of research efforts in economics. We trace the deeper roots of this failure to the profession … economics profession has failed in communicating the limitations, weaknesses, and even dangers of its preferred models to the …

Milton Friedman once predicted that advances in scientific economics would resolve debates about whether raising the … minimum wage is good policy. Decades later, Friedman's prediction has not come true. In Where Economics Went Wrong, David … classical liberal economics--as a case study, Colander and Freedman examine how both the MIT and Chicago variants of modern …