The General Theory is number #14,728 in Amazon's books right now, trailing very closely behind The Road to Serfdom's #1. I think I sense a second wind coming for Keynes! All we need is a shout out from Glenn Beck.
Oh well - there's no accounting for taste.
1. Congratulations to Hayek, and
2. What's interesting is that this recession has resulted in an enormous resurgence of both Austrian and Keynesian economics, at the expense of rational expectations theorists, New Classicals, etc. It may not show up in the Amazon numbers, but it is undeniable.
1. Why are two such starkly opposed views both getting more popular? That seems a little odd, doesn't it? and,
2. Why can't Keynesians sell books like Austrians?
Any thoughts? I have both cynical and serious explanations personally.
Debt, Diversion, Distraction
4 hours ago