“the economics profession went astray because economists, as a group, mistook beauty, clad in impressive-looking mathematics, for truth”

— Paul Krugman

The picks of the week from around the web.

Busy times, but this week I’ve had a little time to poke around the web. Here’s what rose to the top.

  • The New York Times: “How Did Economists Get it so Wrong?” Economist, columnist and Nobel laureate Paul Krugman offers an analysis of the developments in macroeconomic theory through the 20th Century that led us to a situation where the vast majority of influential economists were unable to predict the recession. Great, lucid writing on a complex issue.
  • The Guardian. This piece, by Rebecca Solnit, on the fourth anniversary of Katrina depressed the hell out of me, but serves as reminder of what should have been a wakeup call to the American mainstream.
  • Wired: “The Good Enough Revolution” interesting analysis of the development, last half a dozen year’s, in consumer behaviour and technology towards a preference for cheap and accessible. Think point-and-shoot digital cameras, MP3s and Predator Drones.
  • David Bordwell on Archie. The great film scholar and discrete comics fan brings his always insightful analysis to bear on the latest developments in one of America’s most resilient comics properties.
  • Bookforum: Jeet Heer on Crumb’s Genesis. Your comics link of the week is one of the best pieces of comics criticism I’ve read lately. Looking forward to that book! (please note: apparently requires registration).