I thought many on this list would find today's blog post by DeLong interesting: http://delong.typepad.com/sdj/2011/04/thoughts-on-economics-education-in-america.html DeLong writes: "I suppose that I am still astonished at the failure of the financial crisis and the Great Recession to bring about a sea-change in the teaching of graduate macro. I expected people to say: we need to train our stunts to know--we need to learn--what Reinhart and Rogoff know. There is no point in turning out students who know the models of Prescott who do not know the models of Say, Mill, Bagehot, Wicksell, Fisher, Hicks, Metzler, Friedman, Tobin--Keynes. There has been only one road-to-Damascus conversion among those who previously darkeneth counsel without wisdom: Richard Posner--who admits to never having read Keynes in the past-- finally did so, and says that he is now a Keynesian." -- Humberto Barreto