When the financial crisis and Great Recession hit in 2008-09, I was shocked, confused and disturbed by what had happened. Making matters worse, the response of the economics profession seemed much like a religious cult: high priests speaking in strange jargon shrouded in obscure mathematical formulas that were incomprehensible to all but the insiders. Much of their economic analysis seemed to be merely political talking points that could not diagnose problems, predict the future or provide practical solutions. But after reading carefully The General Theory of Employment, Interest, and Money...
When the financial crisis and Great Recession hit in 2008-09, I was shocked, confused and disturbed by what had happened. Making matters worse, the re...