That is the title of Robert H. Frank's latest book, published by Basic Books and due out later this month. The subtitle is Common Sense Principles for Troubled Times. I received my copy today and of course it goes to a prominent spot in my "to read" pile.
Did any economists use the predictive power of economic theory to make a killing in the market during the recent ‘troubles’?
…and who would have been better positioned to make a killing – micro or macro economists?
I’ll have to check Frank’s new book out. He is among my my favorite ‘pop-econ’ authors.
Yes. Economists who advised hedge funds to bet against firms heavily leveraged in real estate by purchasing credit default swaps on those companies. Those who I know are more micro than macro.
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