Ravi Batra: Difference between revisions

{{main|The Great Depression of 1990}}

Ravi Batra is the author of six international bestsellers, two of which appeared on [[The New York Times Best Seller list|''The New York Times'' list]].  

In 1980 he published ''Muslim Civilization and the Crisis in Iran'' where he predicted the fall of the Shah and the rise of a class of intellectuals, or Mullahs, followed by a drawn out war with Iraq. In 1984, he penned what was to become his first bestseller, first under the title ''Regular Cycles of Money, Inflation, Regulation and Depressions''. A central theme of this book was that the mal-distribution of wealth, which Batra found to be the cause of past episodes of financial speculative manias that were followed by a crash and depression. [[Lester Thurow]] was so impressed that he wrote a preface stating the ideas were "novel and brilliant". This book was subsequently renamed as ''The Great Depression of 1990''. It entered the New York Times Best Seller list in the  Non-fiction category in early 1987 and reached #1 later that year.<ref>{{cite web|url=http://www.nytimes.com/1988/01/06/books/best-sellers-from-1987-s-book-crop.html?src=pm|title=Best Sellers From 1987's Book Crop|author=Edwin McDowell|publisher=New York Times|date=January 6, 1988|accessdate=January 10, 2012}}</ref>