Latest Issue

The "dismal science" may leave many shaking their heads, but it's better off with the insight of economists. Image: Reuters

Nothing quite like kicking a man when he is down. In the wake of the financial crisis, the field of economics has taken a deserved beating. The Queen famously asked a committee of distinguished practitioners why they did not manage to predict the collapse. Now the successful entrepreneur and Financial Times columnist Luke Johnson has entered the fray. He calls economics useless and recommends that its acolytes…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

We want to hear what you think about this article. Submit a letter to

More From Prospect