The Financial Crisis and the Systemic Failure of Academic Economics

I've come across a paper from the Kiel Institute for the World Economy coordinated by Thomas Lux. I find their view fresh and challenging. I'm not saying I totally agree, after all, we have our own opinions about this crisis. But the approach here is something to look into. So, here is the synopsis.The economics profession appears to have been unaware of the long build-up to the current