Economists ran crisis institutions, not just theorized about them

Evidence

Economists didn’t simply come up with some speculative ideas; they helped run many of the institutions, both public and private, that ended up being central to the inception and playing out of the crisis. Indeed, just like the notorious revolving door between Wall Street and the U.S. Government, there has been a twirling door between the economics profession and the large firms and banks that run the economy. — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 498

Categorization

• XREF: Reinforces the professional-economists-as-implicated argument Mirowski builds across the book against the ‘passive observer’ excuse. — connects to: Crisis-ridden eurozone governments appointed unelected economist technocrats to lead — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 444; Crisis-fixing economists stood to profit directly from adopting their recommended policy tools. — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 867