What do you think about economists, who study the theories of economics and brag about being vast in the study of economics, yet doesn't help or contribute sufficiently to control or stop world economic meltdown?
All they can do is speculate or predict or project, but to implement is more the work of the government and a willingness on the part of the government.
The economy of a country or state is a direct correlation of the decisions the CBN of the state makes.
A good economist like Dr Okonjo Iweala, who is the director general of world trade organization and one time minister of finance in Nigeria may have done well to provide a good financial service to the nation in terms of her knowledge, application and models she set in place before exiting office and landing a big financial role of director general.
I think it is not all in one bracket to say economists are not fulfilling the true potential of it as a science. Good economist know what and how to go about it. The ones who have no idea just blab and state theories that are outdated.