What Stiglitz Misses On Inequality: The Responsibility Of Economists

Steve Denning:

It is a not novel thought that each profession is acutely aware of the problems caused by others but is often unconscious of the problems for which it is responsible. The education system stifles learning by teaching to the test. Doctors and pharmaceutical companies prescribe medicines that cause new diseases that require new cures. Engineers create time-saving devices that end up wasting large amounts of our time. So it is not entirely a surprise that economists are also blind to problems that their profession has engendered.