In 2008, as the global financial crisis unfolded, the reputation of economics as a discipline and economists as useful policy practitioners seemed to be irredeemably sunk. Queen Elizabeth captured the mood when she asked pointedly why no one (in particular economists) had seen the crisis coming. There was no doubt that, notwithstanding the few Cassandras who correctly prophesied gloom and doom, the profession had failed colossally.
2008年，隨著全球金融危機的不斷發展，經濟學作爲一門學科、以及經濟學家作爲有用的政策實踐者的名譽，似乎在難以挽回地下降。伊麗莎白女王(Queen Elizabeth)捕捉到了這一情緒：她尖銳地問道，爲何沒有一個人（尤其是經濟學家）預測到危機的來臨。毫無疑問，儘管有少數幾個唱衰者正確預測了暗淡的前景，但整個經濟學界遭遇了慘敗。
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