The seven sins of economists
The public mistrust of economists springs from the sins of omission and commission that they have committed over the years
New Delhi: Ten years ago, in August 2007, the French investment bank BNP Paribas SA, which had taken money from investors to buy subprime mortgages in the US, told those investors that it was suspending redemptions because the bank’s fund managers were no longer sure what those mortgages were worth.
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more