Marketwatch.com has a piece today on the “10 Things Economists Won’t Tell You.”
With tongue firmly in cheek, the list runs from “We can’t predict the next crisis…” (#1), to “…but we may help cause it” (#3), to — my personal favorite — “Ours is s dismal science, but not an exact one” (#6). This last point reminded me of my macro professor in college who never gave exact grades during the term, preferring to scribble illegible notes on tests and papers. The general consensus was that a few scribbles were good but lots were bad, which in hindsight was great training for any future professional economists in the class.
So in the spirit of the piece, I add item #11 to the things economists won’t tell you, which is your grade — until it’s too late to do anything about it.
Read the piece here: