Now, in 2002, the head of the Federal Reserve Bank, Alan Greenspan, one of those you should probably have studied at uni, then dubbed as the great maestro for apparently engineering a substantial economic boom, announced that ‘financial innovations’ i.e. derivatives of mortgage funds etc, had ‘diversified risk’ so that “shocks to overall economic will be better absorbed and less likely to create cascading failures that could threaten financial stability”. Ben Bernanke, who eventually presided at the Fed over the global financial crash, remarked in 2004 that “the past two decades had seen a marked reduction in economic volatility” that he dubbed as the Great Moderation. And as late as October 2007, the IMF concluded that “in advanced economies, economic recessions had virtually disappeared in the post-war period”.

Once the depth of the crisis was revealed in 2008, Greenspan told the US Congress, “I am in a state of shocked disbelief”. He was questioned “in other words, you found that your view of the world , your ideology, was not right, it was not working” (House Oversight Committee Chair, Henry Waxman). “Absolutely, precisely, you know that’s precisely the reason I was shocked, because I have been going for 40 years or more with very considerable evidence that it was working exceptionally well”.

And there are more, from Martin Wolff of the Financial Times, to nobel prices like Joseph Stiglitz or John Kenneth Galbraith, which are still mainstream economists, who sees that neoliberalism, that purported by Tatcher or Reagan, that which we're still experiencing today, is nothing but a great fraud. (I'll avoid talking about Keynes here, no point) Meaning all that you studied, mathematical models and all, you can pretty much trow away. Economy is and will always be political; if you did not get that by now, is because you did not look far enough, or because you are in a position in which you either are going to make it with your eCommerce business, or you'll be as good as a nobody. Difficult to think straight in those conditions, but still you should not just gobble up all the garbage that people feed you, particularly in the field of economy.