A remarkably distinguished group of economists gathered last weekend for the inaugural conference of the Institute for New Economic Thinking, an initiative of George Soros. They were soul searching over the failures of economics in the recent crisis. Such failures are most evident in two areas: the inadequacies of the efficient market hypothesis, the bedrock of modern financial economics, and the irrelevance of recent macroeconomic theory.
4月的第二個週末，一羣非常傑出的經濟學家匯聚一堂，參加了由喬治•索羅斯(George Soros)倡議的新經濟思維研究所(Institute for New Economic Thinking)創立大會。面對最近這場危機中經濟學的失敗之處，他們捫心自問。失敗在兩個領域最爲明顯：現代金融經濟學的基石——效率市場假說的失效，以及近代宏觀經濟學理論的無用。
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