The paper examines the profession of economics in the light of its disarray in the face of the financial crash of 1998. It was presented in a variety of forms and at a number of events so this entry may repeat what is to be found elsewhere on this site.
Its focus was the profession of economics as such, which, by then, it was increasingly clear, had been converted into a simple instrument of financial capital through a process I was later to describe as ‘regulatory capture’.
It was published in this, final version as‘The Emperor’s Tailor: The Economists and the Crash of ‘98’ in Revista da Sociedade Brasileira de Economia Politica, journal of the Brasilian Society for Political Economy, Issue Number 4, June 1999, pp5-52. ISSN 1415-1979.