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Curated by Project Syndicate

Dismal Soothsaying

15 commentaries

Economists' spectacular failure to foresee crucial recent developments – including the collapse in the US housing market, the onset of the global financial crisis, and the duration and depth of the Great Recession – has powerfully undermined the credibility of the discipline's models and assumptions. What went wrong, and how can economists regain the trust of policymakers and citizens?

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  1. op_magnus1_WANG ZHAOAFP via Getty Images_cpc WANG ZHAOAFP via Getty Images
    Subscriber Exclusive

    China's Journey into the Unknown

    George Magnus

    Following the Chinese government’s sweeping corporate crackdown this year, three recent books on the country’s governance model have become especially timely. Each suggests that Chinese President Xi Jinping will have to navigate fundamental contradictions in his quest for “common prosperity.”

    reviews three books examining the increasingly obvious flaws in the country’s governance model.
    3

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