If you read a book like "Lords of Finance" you get a good idea why the Keynes school of thought won out. Granted it focuses on the last big financial bust but when you read it you can see a lot of similarities to what happened recently. I read a lot of economic books on both schools of thought and this is one of the best I've ever read.
Love him or hate him Bernanke is a real student of that era and here is a quote (from wikipedia, didn't do a background check on accuracy) "On September 2, 2010, Chairman of the Federal Reserve Ben Bernanke was asked by the Financial Crisis Inquiry Commission what books or academic papers he would recommend to understand the financial crisis of 2007–2010. The only book that Bernanke recommended was Lords of Finance."
Love him or hate him Bernanke is a real student of that era and here is a quote (from wikipedia, didn't do a background check on accuracy) "On September 2, 2010, Chairman of the Federal Reserve Ben Bernanke was asked by the Financial Crisis Inquiry Commission what books or academic papers he would recommend to understand the financial crisis of 2007–2010. The only book that Bernanke recommended was Lords of Finance."