Refuted economic doctrines

Now here's a countdown!

What "truths" has the global economic crisis rendered crap?

Professor John Quiggin is up to Number 4 and still counting.

Refuted economic doctrines #1: The efficient markets hypothesis

Refuted economic doctrines #2: The case for privatisation

Refuted economic doctrines #3: The Great Moderation

Refuted economic doctrines #4: Individual retirement accounts

Enjoy!