"The belief that changes, or at least day-to-day adjustments, have become less important in modern times implies the contention that economic problems also have become less important. This belief in the decreasing importance of change is, for that reason, usually held by the same people who argue that the importance of economic considerations has been driven into the background by the growing importance of technological knowledge."
Our recent recession as many of you would probably agree was a long time coming and in the last 20 years our technilogical dependence has increased so exponentially and still climbing! Where were the people that were keeping our machine of an economy in check!?
Many this Knowledge of detail isnt the kind of knowledge that can be protrayed in statistical form its out side the bounds of numbers so there is no way an economist can use it in their field.