Economics survived the 2008 crisis intellectually unscathed, unlike other disciplines under attack

Evidence

But there were two considerations that render the folderol of current interest: one, the effectiveness of neoliberals in stiffening resistance to any and all initiatives to reform the economics profession; and two, the fact evident in retrospect of neoclassical economics sailing through the crisis essentially unscathed in the face of such unseemly behavior. To take but two counterexamples, Freudian psychology and social studies of science have in the recent past been internally roiled and intellectually altered by attacks far less evocative in the way of public embarrassment. Yet here was economics, by contrast, the prodigal profession, rapidly welcomed back to the media and the halls of power with alacrity, patted on the head, and all was forgiven. — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 456

Categorization

• XREF: Core to the reader’s goal of understanding how the thought collective weathered 2008 — connects to the book’s central thesis. — connects to: The 2008 crisis was fundamentally a crisis of economic ideas — Mark Blyth, Austerity: The History of a Dangerous…, 132; The 2008 crisis briefly revived Keynesian fiscal stimulus across academia and institutions — Mark Blyth, Austerity: The History of a Dangerous…, 159; Economists who enabled the 2008 crisis emerged without any institutional consequences — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 438 (+7 more)

Broader Connections

• The 2008 crisis discredited efficient-market economists in public policy debate #complicates (0.80) — Mark Blyth, Austerity, 158
• Economics escaped crisis blame because the banking sector it protected escaped unscathed #expands (0.75) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 555
• After 2008 the neoliberal thought collective intensified capture of economics #expands (0.75) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 975