3  Kinnunen, H. & Kostiainen, J.: Julkisen talouden kestävyys taantuman jälkeen: tarkasteluja politiikkavalinnoista (Sustainability of public finances after the recession: policy choices under scrutiny). BOF Online , 4 February 2010. 4  Krugman, Paul: How did the economists get it so wrong?, 6 September 2009, New York Times.
BIS Review 23/2010  5  economists and economic policymakers have lost touch with their own science and need a more humble approach to their own expertise. And it could also be that achieving a balance between mathematical elegance and understanding real economic phenomena will indeed require reconsideration. The “Great Depression” of the 1930s gave birth to Keynesian economics.