Seems to me that the economics of Mises, Hayek, and Rothbard did just fine. So what’s the problem?
Bloomberg article: http://www.bloomberg.com/apps/news?pid=20601087&sid=a69Q211j7yV8&pos=7
Stiglitz is pretending to be ignorant, or he’s just ignorant out of stupidity.
People think they can control the economy for the better, but that’s just immoral and incorrect.
Seems to me that he could be indicting the economic court jesters, like Krugman.
Every time I read something on Bloomberg I shake my head.