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Paul Krugman on How Did Economists Get It So Wrong? in today's NY Times.

India's Moon Mission is over, somewhat prematurely--on 28 August, after nearly 10 months in moon orbit, Chandrayan-I stopped talking and ISRO had to declare the mission over. Nevertheless, this is an immense achievement for ISRO and no one can suggest otherwise.

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If you haven't read Paul Krugman's recent NY Times Magazine article "How Did Economists Get It So Wrong?", I recommend it highly. One of the interesting things about Krugman is that he has been talking about this issue for over a decade. In a 1996 lecture, he presented an argument that economics…
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