EDINBURG, VA, October 11, 2009
/24-7PressRelease/ -- When the world financial system failed in 2008, world governments intervened decisively. Guided by economics teams with impeccable credentials, they intended not only to "stimulate" the economy, but to "jolt" it back to borrowing and spending as usual. All of these actions were taken from a playbook devised by British economist John Maynard Keynes, by far the most influential social thinker of the past century.
But . . . not all economists agree. Some critics of Keynesian orthodoxy ask: Isn't the root problem that Americans have borrowed too much? Will even more borrowing, this time by government, really help us out of the bind we are in? Should we be relying so completely on Keynes? What if he is wrong? What evidence is there that he is right?
WHERE KEYNES WENT WRONG: And Why World Governments Keep Creating Inflation, Bubbles, and Busts presents the economic arguments that will shape our future in a lively, stimulating, and transparently clear style.
ABOUT THE AUTHOR: HUNTER LEWIS is the author of six books in the related fields of economics and values, as well as numerous magazine, newspaper, and online articles. His much-praised book Are the Rich Necessary? was called "highly provocative and highly pleasurable" by the New York Times, "great reading" by Publishers Weekly, and "worth reading aloud on a family vacation" by Barrons.
A graduate of Harvard University, Lewis co-founded Cambridge Associates, LLC, a global investment firm whose clients include leading research universities, charitable organizations, and families. He has served on boards and committees of fifteen not-for-profit organizations, including environmental, teaching, research, and cultural organizations, as well as the World Bank.
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