Jul 13 2009

An Open Letter to the Economics Department of CSB/SJU

by Mike Phenow

Updated Tuesday, March 9th, 2010 at 10:40 pm.

Original letter sent to the faculty of the economics department at the College of Saint Benedict / Saint John’s University in Collegeville, MN on Monday, July 13th - 11:45 am

My name is Mike Phenow. I am a 2005 graduate of Saint John’s. The nature of my correspondence to the Economics Department is a little unconventional and I thank you for your time in indulging me.

Recent developments have brought the discipline of economics to the fore of nearly everyone’s mind — layman, practitioner, and academic alike. In this regard, I am no exception. The much-watched and closely-scrutinized political events of the past few years — in which I have participated, in my own small ways — have led myself and others on an intellectual journey to discover the true causes of the economic crises — and how the vast majority of economists could have utterly failed to either foresee them or satisfactorily explain them.

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