22 of 27 people found the following review helpful
A Call for Reason,
Verified Purchase(What is this?)
This review is from: End This Depression Now! (Hardcover)
This book shows how "state of the art" macroeconomics could provide a solution for the present crisis if it hadn't been forcibly replaced in academia by a "dark age" of quasi-religious, elite-serving, archaic macroeconomic speech, peddled by economists and ideologues who purposely forgot the lessons of the Great Depression. This backlash against Keynesianism deprived America and Europe of the tools we need to fight this recession. Academics were silenced and ridiculed, faculties and schools purged, and one country at least - Germany - enshrined for all time in its Constitution a budget rule which amounts to a prohibition of anything approaching Keynesian policies. A German-led attempt to impose a similar prohibition all over the European Union is taking place right now. I hope this book proves as influential as it deserves to be - not on Mrs. Merkel or on the Bundesbank economists, who are now far beyond the reach of reason, but on European voters as a whole.