Tag: Leon Festinger

Bankers, Greens and the Barking Mad: When Prophesy Fails

Forecasts of the end of the world have an even worse track record than predictions in economics.  Some followers of the Mayan calendar believe the world will end next week. But we have been here before.  In 1956, an American group, led by a suburban housewife, believed that a catastrophic flood would destroy the world […]