There are few economists who predicted the worst financial crisis since the Great Depression (and, quite likely, of all time) and the first economic downturn in the world's developing countries in sixty years (which makes you wonder why they even studied the discipline to begin with). Still, that doesn't mean that a number of them haven't added value with their ex-post analyses of what happened and why. Indeed, I'd be the first to admit that some published commentary has helped me better understand certain aspects that were harder to discern before it all went bad. While I can't say for sure whether he had correctly anticipated the events of the past two years, it does seem that Nobel Prize-winning economist and Columbia University professor Joseph E. Stiglitz has been quick off the mark in terms of recognizing what has been unfolding, the severity of the
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