{"product_id":"2940015611328","title":"A Tiger By The Tail: The Keynesian Legacy Of Inflation","description":"F.A. Hayek said that his biggest regret in a lifetime of writing was that he never wrote a book-length refutation of Keynesian economics. He seriously doubted that Keynesian style planning would ever captivate governments, so he focused on different things.\u003cbr\u003e\u003cbr\u003eEconomist 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.\u003cbr\u003e\u003cbr\u003eAnd voila! Here is the book on Keynesian economics that Hayek never wrote.\u003cbr\u003e\u003cbr\u003eIt first came out in 1972, to wide acclaim. The Hayek parts are fantastic, of course. The surprise is the expert editing job by Professor Shenoy, which adds enormous value. In 192 pages, the book ended up being a total demolition by Hayek of the most baneful influence on economic science in the 20th century.\u003cbr\u003e\u003cbr\u003eIt was published by the Institute of Economic Affairs but fell out of print. The Mises Institute cooperated with IEA to completely reset the book and publish it anew. It adds something even more wonderful: a massive introduction by monetary theorist Joseph T. Salerno.\u003cbr\u003e\u003cbr\u003eIn total, then, this is a priceless collection, one that will enlighten and save you from hopping up and down to your bookshelf. It strikes you as you read what a brilliant mind Hayek had, how tough minded he really was, and just how off base is Keynesian theory.\u003cbr\u003e\u003cbr\u003eYou can get the metaphor from the title. What Keynesianism unleashes is wicked inflation that no one can control. This might be the essential guide to our future.","brand":"Ludwig von Mises Institute","offers":[{"title":"Default Title","offer_id":47153045668080,"sku":"2940015611328","price":3.25,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/2940015611328_p0.jpg?v=1763622442","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/2940015611328","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}