New book about Keynesianism and how government borrowing creates inflation, bubbles and economic crashes.
Online PR News – 09-November-2009 – – Forbes adds Hunter Lewis to its list of Business Visionaries in a new interview about his new book, Where Keynes Went Wrong: And Why World Governments Keep Creating Inflation, Bubbles, and Busts. In this interview, Lewis describes Keynesianism as an intellectual bubble, but also an easy doctrine for politicians. In a crash, Keynesian remedies include printing money, stimulus and bailouts to achieve economic recovery, policy prescriptions that appeal to politicians, who are very short-term oriented.
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