How Did Economists Get It So Wrong?

This is a question that many people, economists included, have been asking themselves. Now, they can get the answer by reading Paul Krugman's long article on the very subject in the NY Times Magazine

>How Did Economists Get It So Wrong?

Readers of this blog are probably aware that I am a big fan of Paul Krugman, who I have found to not only be right more often than not, but to also be able to explain complex economical ideas in an accessible way - this article is no exception.

This article is well worth the read, even if you have little interest in the subject of economics (though given the times, I find it hard to believe that someone could be uninterested in that subject)