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In other words, economists misread the economy on the way up, misread it on the way down and now mistake the right way out.In this section The other-worldly philosophers Efficiency and beyond Reprints Related items Financial economics: Efficiency and beyondJul 16th 2009 Economics: What went wrong with economicsJul 16th 2009On the way up, macroeconomists were not wholly complacent.
Similar(59)
Completely complacent".
"Half my cabinet, generals, and not one of them could smell yesterday that today it is war?" In fact, Meir presided over a complacent national security establishment taken wholly by surprise by the 1973 attack.
He could be argued as typifying the very sort of complacent incumbent who'd be wholly indictable under the populist-imbued criteria that toppled Cantor.
This accurate observation does not and should not obscure the validity of his opponents' messages or wholly undermine the sudden eruption of political energy from a previously complacent Westminster.
Not wholly.
I was complacent.
That seems complacent.
But it became complacent.
Yet we remain complacent.
Unfortunately, investors are complacent.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com