Economics in the Crisis

Let me echo Brad DeLong and note this:

Economics in the Crisis, by Paul Krugman: ...In what follows I will talk first about the general role of economics in times of crisis. Then I’ll turn to the specifics of the role economics should have been playing these past few years, and the reasons why it has for the most part not played this role. At the end I’ll talk about what might make things better the next time around. ...