Economists should see the big picture – and ask the big questions. But in a recent oped piece, Roger Backhouse and Bradley Bateman argue that the profession has been so preoccupied with the trees that it lost sight of the forest:
It’s become commonplace to criticize the ‘Occupy’ movement for failing to offer an alternative vision. But the thousands of activists in the streets of New York and London aren’t the only ones lacking perspective: economists, to whom we might expect to turn for such vision, have long since given up thinking in terms of economic systems — and we are all the worse for it.
Read their piece here.