As I've said on another thread: It's basic agency theory - the economists who can't handle complexity take over dumb institutions (like most universities and g

As I've said on another thread: It's basic agency theory - the economists who can't handle complexity take over dumb institutions (like most universities and governments), then insulate themselves against having to learn anything they aren't comfortable with. I guess the smarter ones work for Goldman Sachs, or work in university research departments, writing obscure papers that are never going to be compulsory reading because undergrad economics courses don't require hard-core math.