The financial crisis left huge numbers of financiers, traders, brokers, investment-wizards and hedge-fund fixers dazed by the sweeping tide of a storm for which they lacked the understanding and breadth of ideas to predict, let alone combat.

A soft burn of neglect suddenly raged into a fierce inferno, exposing the inability of those inside the industry to make responsible decisions. Economics, as the art or science of observation and prediction has proved disastrous in preparing the human world for the consequences of its own actions.

At the core of the current financial system lies a flaw. Economics is a field that holds more than theories of how to make money, endorse GDP growth and create an ever-growing economy. Yet these aspects lie remote and untouched by financial and commercial leaders.   Educating Economists