[frwdr]

I read this in print so i'm going to assume this is the same. I think it's a very sensasionalist, bandwagon-hopping headline, and the majority of economic principles are just as sound now as they were before. The problem lies in their application; too often economic models are being over-simplified for people who are not familiar with their workings, and people without this understanding are making important decisions based on them. The other obvious fundamental problem with economics is that you will never be able to account for everything, and there are some things you won't realise you've missed till you can observe their effects. This isn't economics going wrong, that is how economics progresses. There are plenty of things that can be learnt from recent events, but it's naive to suggest that most post-Keynesian research is suddenly worthless, as was suggested in other articles in that issue.