With other learned professions entrusted with public confidence, such as medicine and engineering, it is inconceivable that their professional bodies would not at the very least censure members who had successfully persuaded governments and public opinion to ignore elementary safety measures, so causing epidemics and widespread building collapses.The nomination, evidence and final winners procedures are explained at the site.
To date, however, the world’s major economics associations have declined to censure the major facilitators of the GFC or even to publicly identify them. This silence, this indifference to causing human suffering, constitutes grave moral failure. It also gives license to economists to continue to indulge in axiom-happy behaviour. Nor has the economics establishment offered recognition to those economists who were not taken in by fads and fashion and whose competence, if listened to, would have prevented the collapse …
Click here to see recent nominations with some comments / reasons. So far, nominations include Greenspan, Bernanke, Summers, Prescott, Fama, Stigler, Friedman, Scholes, Geithner, Sachs, Krugman, Samuelson, Stiglitz and Gordon Brown / Ed Balls
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