How do you view a “shape" when one is blind?

Paul Krugman on free market economics in an interview to ET Now:

Markets as self-adjusting, self-correcting god-like mechanisms. Do you think that dogma is out of the window now?

There’s a great seductiveness to efficient markets here. So, efficient markets have been very hard to kill. And, I think, it may survive even this. The Asian crisis, the dotcom bubble, all of those should have severely shaken faith in self-regulating markets and yet that faith persisted pretty well. So, I’m not sure that even this will kill it.