And ‘might’ is the important word here. All management decision making is conditional, as a matter of fact. We cannot know what will happen and what the outcomes of actions will be, so we always operate in the real world in conditions of uncertainty. In other words, what Chris says about inability to forecast is necessarily correct. However, decision making has to take place despite that fact. Many (maybe most) economists pretend that this dichotomy either does not exist by assuming the existence of perfect knowledge, or seek to avoid it by saying nothing about what their work might predict may happen. I embrace the uncertainty and am willing to say what I think might happen, with what I think are best risk assessments attached ( the statement that I may be wrong, but don’t at present think that likely being such a statement).
So, that neoliberal economics did not predict the Crash isn’t a function of neoliberal nor of economics, but of the real world.
Good, glad we’ve got that settled.