O advogado do diabo x Thomas Sargent

Para contrabalançar um pouco o excesso de confete que seguiu o Nobel:

Most mainstream macroeconomic theoretical innovations since the 1970s (the New Classical rational expectations revolution associated with such names as Robert E. Lucas Jr., Edward Prescott, Thomas Sargent, Robert Barro etc, and the New Keynesian theorizing of Michael Woodford and many others) have turned out to be self-referential, inward-looking distractions at best. Research tended to be motivated by the internal logic, intellectual sunk capital and esthetic puzzles of established research programmes rather than by a powerful desire to understand how the economy works – let alone how the economy works during times of stress and financial instability. So the economics profession was caught unprepared when the crisis struck.

O trecho é de Willem H. Buiter, atual economista chefe do Citigroup e ex-membro do comitê de política monetária do Banco da Inglaterra. O texto completo é de 2009, e está aqui. Foi citado pelo John Quiggin no seu Zombie Economics.