People, pundits and politicians looking for financial-crisis culprits should turn their sights to the professors who bear so much responsibility for it.
To borrow a phrase from professor Burton Malkiel, a random walk down Wall Street reveals that some of its biggest disasters have come from ideas hatched in the ivory tower. The next one may come from Lord John Maynard Keynes, now in fashion as the U.S. government goes on a spending binge.
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