The article "How did Economists get it so Wrong? Offers excellent insights into the recent economic issues as the writer Krugman notes. Krugman writes about conflict existing between neoclassicists and Neo-Keynesians (Krugman, 2009). Besides, the article offers some advice to upcoming economics which he refers to as the fresh-water economists. He argues that the majority of the earlier economists made various mistakes which modern ones can correct and help to prevent recessions. Many economists relied on capitalist ideologies and saw it as a perfect system. However, they failed to understand the importance of promoting long-term solutions but focused on showing off their mathematical skills. However, this kind of fancy economics led to economists ignoring the most critical areas as they failed to concentrate on the limitations of human beings' rationality, which was capable of causing economic downfall (Krugman, 2009).