Many modern economists missed the financial crisis and the economic problems we've seen since then, such as the eurozone debt crisis. Why? Well according to economics professor and author of Debunking Economics Steve Keen, they're not really experts on the economy but experts on a model of the economy. The great tragedy according to Keen is that the model is almost completely irrelevant to the system we actually live in. And despite the learnings of the financial crisis, not much has changed. Keen says the problem is Neoclassical economics, which economists are traditionally trained in. As for the solution? Well we may just have to wait for the economists in charge to die off. In the meantime, should people be occupying the economics departments of universities along with Wall Street? Keen says absolutely.
Additional: Wall Street Wankers