Shades of 1975 As Economics Guru 'Mr Wendy' Unveils 33-Year-Old Figures

The ScotsmanJune 07, 2008

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Summary


WHO said economics is dead? The Fraser of Allander Institute drew more than 60 academics, MSPs, policy wonks and press to a splendid party at Edinburgh's Dynamic Earth for the relaunch of its Economic Commentary.

Dull it wasn't when guests reeled in shock at an FoA forecast handout predicting soaring unemploy-ment, rising inflation, falling growth and unparalleled misery. But the handout was a reprint of the FoA's first commentary - in July 1975. Its new forecasts come later this month. Will they be any better? Don't count on it from economists.

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Shades of 1975 As Economics Guru 'Mr Wendy' Unveils 33-Year-Old Figures

The rebirth, fina...

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