Changes in Economic Thought

I know not everyone shares my interest in and enthusiasm for the history of economic thought. But for those who do, here is an article freom the most recent issue of Region Focus, published by the Federal Reserve Bank of Richmond. (HT to Cafe Hayek)

The author examines how the most recent crisis caught the economics profession napping, and suggests how the crisis may change the profession. It provides some basic insights into how economics has changed over the years as a field of study. And for those of you who regularly seem to have students who are enraptured by the subject, this might be something to share with them. I hope you find it as interesting as I did.