If an unanticipated earthquake measuring 9.0 on the Richter scale had just sunk the island of Manhattan, I’d like to think that departments of geology worldwide would be feverishly reexamining their research priorities, curricula, and syllabi. But I have the impression that no such urgency is evident in the profession of economics after most of it resoundingly failed to anticipate the global meltdown of the last decade (and continuing).
The academy is busy protecting itself. Journalism is busy avoiding ideas. Public media are besotted by Personalities. All this in a nation founded upon ideas.