No Return to Normal: Why the economic crisis, and its solution, are bigger than you think, by James K. Galbraith

Galbraith conducts an introductory inquiry into the basic assumptions behind the economic policy responses of Team Obama, and warns that they fail to come to grips with the severity of the liquidity trap the entire world has now fallen into.

The deepest belief of the modern economist is that the economy is a self-stabilizing system. This means that, even if nothing is done, normal rates of employment and production will someday return. Practically all modern economists believe this. . . The difference between conservatives and liberals is over whether policy can usefully speed things up.