Market designers misrepresented the crisis to serve their own profit, worsening public confusion.

Evidence

While speaking as public intellectuals, in retrospect they were persistently misrepresenting the nature of the problems involved, primarily due to strategic considerations of their own private profit. The net result turned out to be an infusion of surplus public confusion in an already chaotic situation. This is what agnotology in the crisis looks like. — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 849

Categorization

• XREF: Connects directly to Mirowski’s agnotology theme and to the ‘thought collective’ of economists the reader is tracing across the whole book. — connects to: Economists obscuring knowledge during crisis stems from contradicting logics of expertise and market faith — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 655; Market designers claimed better auctions alone could have prevented the 2008 crisis — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 870; Mainstream journalists now openly suspect economic crisis analysis was deliberately manipulated — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 826 (+3 more)

Broader Connections

• The crisis seemed confusing because elites deliberately obscured the truth #corroborates (0.85) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 1769
• Even prominent crisis commentators had undisclosed financial conflicts of interest #corroborates (0.82) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 2351
• Mainstream journalists now openly suspect economic crisis analysis was deliberately manipulated #corroborates (0.80) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 826
• Economists obscuring knowledge during crisis stems from contradicting logics of expertise and market faith #expands (0.78) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 655
• Market designers claimed better auctions alone could have prevented the 2008 crisis #exemplifies (0.72) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 870