Book on Keynesian economics explains why government borrowing will not remedy the Crash of 2008.
Online PR News – 05-November-2009 – – Milwaukee Journal Sentinel columnist Patrick McIlheran’s new review of Hunter Lewis’s book, Where Keynes Went Wrong: And Why World Governments Keep Creating Inflation, Bubbles, and Busts, is featured in RealClearPolitics.com’s “Best of the Blogs.” McIlheran writes: “governments are ruled by spirits as animal as anyone's, only with bigger paws. No one is so short-term as politicians, thinking of re-election and seduced by an urge to be in charge. This is why Keynesianism has triumphed” according to Lewis, who makes clear that deficit spending and corporate bailouts ultimately won’t provide economic recovery. McIlheran’s related article calls Where Keynes Went Wrong “a splendid book” that points out “we’re all living in a vast experiment to see if $24 trillion or so of stimulus will work this time. It hasn’t in the past, instead just setting up the next inflation, bubble, bust or other economic evil.”
Lewis’s much praised 2007 book, Are the Rich Necessary" was written in a lively, stimulating, and transparently clear style. In Where Keynes Went Wrong Hunter Lewis reveals the folly of creating policy based on untested economic theories of the past, and instead asks us to question the economic arguments that are shaping our future.
ABOUT THE AUTHOR: HUNTER LEWIS, co-founder of global investment firm Cambridge Associates, has written six books on economics and related subjects. His highly acclaimed book Are the Rich Necessary? Great Economic Arguments and How They Reflect Our Personal Values 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. He lives in Charlottesville, Virginia.
For more about the book go to: www.WhereKeynesWentWrong.com
Available at booksellers everywhere.