Why is economics a field where mainstream journalism generally follows and seldom leads? Why is there so little independent, original journalistic inquiry, and as a result so few earth-shaking scoops or must-read revelations? Economics confounds many journalists assigned to cover the economy. A journalism bubble accompanied the market bubble of the first part of the decade, one that failed to examine prevailing wisdom, discounted dissent, and produced little independent analysis. What have we learned since?

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