A great piece that condenses - like a storm cloud fueled by the sudden collision of two furious frontal systems that meteorologists didn't even have on their radar screens - and crystallizes both the litany of failures of "mainstream" neo-Keynesian, Supply-Side, Monetarist, and Austrian School economists AND the chorus of heretofore ignored voices who got it right on the financial collapse & the ensuing Great Recession of 2007-2009 (and its continuing aftermath).
In far deeper detail than Krugman has offered in his polemic NY Times article (which I have linked in an earlier blog posting), James K. Galbraith treats us to the still-largely-unknown-and-ignored newcomers who may be able to teach us something new... and, maybe, just maybe, point us towards fresh policy ideas that may lead us out of this mess.
TA09EconomistGalbraith.pdf (application/pdf Object): "- Sent using Google Toolbar"
If you could only read just one article on economics this decade, this might just be the one!
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