Much soul searching is needed in today's economic thought as to which direction the world economy is going. The state of the discipline of Macroeconomics today is dire. With every knew crisis which occurs, questions arise to what is held up to be true by mainstream economists.
The economics revolution has not yet started in a way. The Great Recession proved that. The profession was cought unaware. A rebound is possible if the practitioners pay attention to detail. A great idea created has got attention being paid to the smallest of details. Any small weakness in a comprehensive idea might weaken it altogether. Really, is change possible in economic thought? Yes, and its a matter of time.
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