Discount The General Theory of Employment, Interest and Money

Rubbish, that has been discredited by history, if not scores of economists. This bum, contrary to some of the reviewers here, was discredited following the stagnation of the 70's, and puzzingly is being embraced again. The pursuit of something fresh and novel and "progressive" trumped, in Keynes' mind, sound principals and irrefutable historic fact. If you want to see the success of Keynesian economics, just see for yourself the rubble created from nearly all of the 20th century, from the early Progressive era of WWI through today---the Great Depression, the steady inflation since the 30s, the boom-bust cycles whipsawing more wildly with each cycle... And in contrast, observe the Austrian Economics at work during the Depression of 1920-21 when President Harding resisted the siren song of deficit spending and under-consumption theory, and instead cut gvmt spending, opend-up free trade, cut tax rates (especially corporate rates)---and the Depression ended in 18 months. Coolidge continued these great policies, and voila!---we had the roaring twenties, the greatest era of expanded standard of living, not just for the US, but for the entire world. Before the wild hey-day of Keynesian deficit spending and ready money and credit, America practiced essentially the Austrian Economics practices (although the theory wasn't articulated yet) and it begat the greatest era of increased standard of living in history---even greater than Great Britain of the 19th century (following her repeal of the Corn Laws' severe impediments to free trade).
I agree with the one reviewer, that if everyone read Henry HAzlit's "Economics in One Lesson," with its clear, concise writing to the layman, then they would never again feel that the subject of economics was uncomprehensible, dense and mysterious. I would suggest a great political philosophical text as well---Frederic Bastiat's "The Law," which is the political science equivalent of Hazlit's great classic, in its brevity and startling clarity.Get more detail about The General Theory of Employment, Interest and Money.