Except that some economists did predict the global financial crisis based on their models. The thing that marked them out was that they were all heterodox econo

Except that some economists did predict the global financial crisis based on their models. The thing that marked them out was that they were all heterodox economists. Largely the predictions were based on a solid understanding of the financial system, something mainstream economics completely ignores. https://voxeu.org/article/no-one-saw-coming-or-did-they https://voxeu.org/article/no-one-saw-coming-or-did-they