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A Tiger by the Tail: The Keynesian Legacy of Inflation (LvMI) [Kindle Edition]

F.A. Hayek , Sudha R. Shenoy , Joseph T. Salerno , Arthur Seldon

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Book Description

A Tiger by the Tail is the book on Keynesian economics that F.A. Hayek never wrote.

Near the end of his life Hayek lamented that in a lifetime of scholarship he had never written a book-length refutation of Keynesian economics. He had seriously doubted that Keynesian-style planning would ever captivate governments, so he had focused on different things.

Economist Sudha Shenoy decided to rectify the problem. As a Hayek scholar, she noted that Hayek had in fact addressed Keynesian policy in scattered places throughout 40 years of writing. She decided to select the most poignant passages. She linked them all together with marvelous commentary and analysis.

And voila!

The Hayek parts are fantastic, of course. The surprise is the expert editing by the late Professor Shenoy, which adds enormous value. The book is a total demolition by Hayek of the most baneful influence on economic science in the 20th century.

It strikes you what a brilliant mind Hayek had, how tough-minded he really was, and just how off base is Keynesian theory.

You can get the metaphor from the title. What Keynesianism unleashes is wicked inflation that no one can control. A Tiger by the Tail might be the essential guide to our future.

To search for Mises Institute titles, enter a keyword and LvMI (short for Ludwig von Mises Institute); e.g., Depression LvMI


Product details

  • Format: Kindle Edition
  • File Size: 399 KB
  • Print Length: 143 pages
  • Simultaneous Device Usage: Unlimited
  • Publisher: Ludwig von Mises Institute (21 July 2011)
  • Sold by: Amazon Media EU S.à r.l.
  • Language: English
  • ASIN: B005E0QYKG
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Enabled
  • Amazon Bestsellers Rank: #445,101 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Amazon.com: 3.0 out of 5 stars  1 review
2 of 2 people found the following review helpful
3.0 out of 5 stars Good book for the knowledgable 5 Dec. 2012
By just another slave - Published on Amazon.com
Format:Kindle Edition|Verified Purchase
A very good book with a fabulous historical view. Unfortunately, I cannot reccomend it for someone who has no prior economic knowledge,as it does get a bit deep at times.
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