Heavyweights clash over fundamentals of economics
Comment: A cacophony of competing economic theories has replaced the comfort consensus of the pre-crisis period, writes John Looby.
Shortly after the collapse of Lehman Brothers and the intensification of the global financial crisis in September 2008, Queen Elizabeth II opened a new building at the London School of Economics.
Amid the gathered dignitaries, including some world-renowned economists, she famously asked a simple question about the dramatic financial and economic collapse dominating headlines across the world: "This is awful. Why did nobody see it coming?"
In response, the British Academy convened a ...
