Book: Where Keynes Went Wrong
If you are not only looking for a good read, but one that is also relevant to our current economic situation, then I would recommend Where Keynes Went Wrong: And Why World Governments Keep Creating Inflation, Bubbles, and Busts. You hear a lot about Keynes now days, especially from Paul Krugman. But what did Keynes actually say and should we be relying on his policies.
From the Product Description:
In responding to the financial crash of 2008, both the Bush Administration and the Obama Administration have relied on prescriptions developed by John Maynard Keynes, the most important economist since Marx. But should we be relying on Keynes? What did Keynes actually say? Did he make his case? Hunter Lewis concludes that he did not. If Keynes was wrong then so are the economic policies of virtually all world governments today.
Robert Blumen from Mises.org has a mini-review of the book. Below is an excerpt:
This book fills a missing niche in the literature: a debunking of Keynes for the general reader. I believe that this book would also be useful as a supplement in a macro course. But its most important contribution in my view is that it demystifies Keynes. The ideas in The General Theory form the foundation of modern macro-economics, which is the basis for the modern practice of central banking and pretty much all monetary policy around the world. What I mean by the mystification of Keynes is that, because his theories are so long-established and deeply embedded in academic economics, government, and the public consciousness, it is difficult not to think that there must be something really deep and profound there. Upon reading Lewis’ book, it is somewhat shocking to see how weak his arguments are and how poorly they stand up to any kind of logical examination.
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