When Five Economists Debate...

...Expect the dismal science's high priests to agree on hardly anything -- or even be amiable -- as their New Orleans annual meeting demonstrates

Ask five economics professors a simple question, and you'll get several dozen complicated answers. At least that's what happened in early January in New Orleans, when five of the nation's top academic economists butted heads over how Americans should go about "charting our course in the New Economy." One said a recession is a sure thing. Others said that's unlikely. One denied that the New Economy even exists, while another confessed embarrassment over having taken so long to realize its existence, and yet another claimed the New Economy began in 1844.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.