The problem isn't economic theory. The problem is bad incentives. Economists like Krugman make predictions for political reasons, because there's incentive to

The problem isn't economic theory. The problem is bad incentives. Economists like Krugman make predictions for political reasons, because there's incentive to do so (in this case, to try 'help' the left-wing establishment). Want to find economists who actually make accurate predictions? They'll be working for banks and corporations, getting paid millions. Because knowing which way the economy is going makes money. And money doesn't have political beliefs.