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In defence of economists 

Mark Carney is under siege—and he isn't the only expert in the dock

By George Magnus  

Bank of England Governor Mark Carney ©Dylan Martinez/PA Wire/PA Images

Economics and economists have been the butt of jokes forever. As a rookie economist at Bank of America in San Francisco once, I heard the then CEO’s quip about economists so often that it made me wince. He’d say, “you know an economist, it’s someone who knows 365 ways to make love but doesn’t know any women.” John Kenneth Galbraith, renowned economic wit and thinker, once said self-deprecatingly that the…

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