Dissent on Keynes: A Critical Appraisal of Keynesian EconomicsMark Skousen Keynesian economics is not dead but is alive and kicking in the U.S. and elsewhere. However, Keynesian economics has caused the U.S. and other countries under its influence to suffer inflation, economic instability, excessive debt, overconsumption, and underinvestment on a serious scale. Meanwhile, many Far Eastern and European countries have rejected Keynesian-style economics and are rapidly surpassing the U.S. in economic growth. This edited volume is the first and only modern work to attack Keynesian economic theory, which is at the root of many of the U.S. economic problems. |
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... ( Friedman 1974 : 163 ) Of course , Keynesianism presented by Keynes was not so attractive to Friedman as the pre - Keynesianism authored by Friedman's colleagues at Chicago . Else- where , Friedman has glorified Keynes as a " brilliant ...
... ( Friedman and Schwartz 1986 : 59 ) . Friedman has attacked many other critical concepts in Keynesianism , such as the consumption function and the Phillips curve . Keynes himself considered his " consumption function " ( 1937 ) to be the ...
... Friedman , by his own account , was quoted out of context as saying , " We're all Keynesians now , " his in - context statement is thoroughly consistent with an Austrian assessment . More than two decades ago , during an interview with ...
Contents
Introduction | 1 |
An Unwise Policy for Recovery 35 | 35 |
The Fallacy of the Phillips Curve 1 | 51 |
Copyright | |
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Dissent on Keynes: A Critical Appraisal of Keynesian Economics Mark Skousen No preview available - 1992 |