Real-Time Economic History

It was great to watch presidential history be made in the past year. In the wake of that, there has been quite a stir in the field of Economics resulting from the recent recession. Paul Krugman, a saltwater ecomonist with a Nobel Prize, an Obama court jester, and an unabashed Liberal, writes about the history of Economics in the U.S.

Krugman writes that he and others see Behavioral Finance as a way to potentially fill in some holes with Keynsian economics, and maybe explain the bubble phenomenon. There is an interesting article in Scientific American, June, 2009 (I think) on the topic of Behavioral Finance. I have it at the house.