Best economic minds are not so good?

Michael Hirsh in Newsweek has a piece on the the failure of economists to come to terms with the crisis. The article is a good summary of the arguments made in longer pieces by economists and other writers. This article would be a good primer to use with students to introduce them to the intellectual crisis in economics brought about by the crisis. More about what Hirsh is talking about can be found in these two Krugman pieces: "How did Economists Get it so Wrong" and "The Slump Goes On: Why?".