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Neoclassical economists are defending equilibrium theory on Twitter. They're telling students to ignore critics who question this framework. The timing is revealing. It's been 20 years since the Global Financial Crisis. Students entering university this year weren't born when it happened. The economists who failed to predict 2008 want the next generation to forget. But here's the historical irony they won't mention. Irving Fisher created equilibrium economics in 1907. He became the most prominen
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Neoclassical economists are defending equilibrium theory on Twitter. They're telling students to ignore critics who question this framework. The timing is revealing. It's been 20 years since the Global Financial Crisis. Students entering university this year weren't born when it happened. The economists who failed to predict 2008 want the next generation to forget. But here's the historical irony they won't mention. Irving Fisher created equilibrium economics in 1907. He became the most prominen
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