Where Keynes Went Wrong: And Why World Governments Keep Creating Inflation, Bubbles, and Busts
That title is quite a mouthful, ain’t it? I am continuing my recent excursion into econ-type books that are probably a bit over my head. This book is literally a line-by-line refutation of Keynes’ General Theory. It does a good job in laying out the main points of Keynesian economics before refuting them—relying very heavily on actual quotes and citations. Lewis then spends the rest of the book recapping and then refuting. The attack isn’t quite as devastating as the jacket quotes would lead you to believe, but by the end I was pretty well convinced of that Keynes was at the very least just a sloppy writer who was more or less just rambling about how he thought economics should behave.