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With stories on the financial news pages reading more and more like her seminal novel Atlas Shrugged, academic interest in Ms Rand, who died in 1982 aged 77, is booming.

"It's just so topical," said John McCaskey, who is introducing a course at Stanford University this autumn called "The Moral Foundations of Capitalism".

"The way things are going, half the people are saying it's all Ayn Rand's fault and the other half are saying Ayn Rand can solve it."

Among those who have found fault with her ideas during this economic crisis, blamed by many on too little government regulation rather than too much, is her one-time disciple, Alan Greenspan, the long-time chairman of the US Federal Reserve Bank.

But love her or hate her, Ms Rand is again popping up in American university classrooms, even though her work has been marginalised for years.

"The philosophical approach to the current economic situation is what really intrigues both students and faculty," said Dr McCaskey. "There is a revival going on."

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Even many of the professors who now teach Rand, Dr McCaskey said, "will preface their presentations with, 'I don't agree with this, but you should hear it'".Some of them, he said, feel there has been a dereliction of duty in the past: "How can I have been teaching American capitalism but not have been teaching Rand?"

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