Leading economists frame post-crisis failures as pedagogical noise rather than systemic defects

Evidence

For Summers, the problem is that there is so much that is “distracting, confusing, and problem-denying in … the first year course in most PhD programs.” As a result, even though “economics knows a fair amount,” it “has forgotten a fair amount that is relevant, and it has been distracted by an enormous amount.” … [Unlike Summers,] it is the scale of the catastrophe that astonishes me. But what astonishes me even more is the apparent failure of academic economics to take steps to prepare itself for the future. — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 15

Categorization

• XREF: Fits the sociology-of-knowledge thread: how an orthodoxy absorbs crisis by relocating it to the periphery (first-year curriculum) rather than its core methods. — connects to: Mainstream economists admit failure to predict the crisis but resist overhauling the discipline — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 517
• corroborated: 3 independent passages support this claim — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 15

Broader Connections

• Mainstream economists admit failure to predict the crisis but resist overhauling the discipline #expands (0.85) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 517