Book notes: Cogs and monsters, by Diane Coyle
Coyle brings much-needed nuance to the debate over the shortcomings of economics
Diane Coyle, Cogs and monsters: what economics is, and what it should be, Princeton University Press, 2021, 272 pages
Since the global financial crisis, economics – and macroeconomics in particular – has had to endure a steady stream of criticism, some of it justified, much of it not. A common theme of the articles that appear regularly in the press is an understanding of economics that is maybe 20 years old, treating the discipline as if it is still obsessed with free markets and rational
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