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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... Hazlitt , who did not have a degree in economics . Now , in many ways having a nonprofessional write such a critique is welcome , but Hazlitt's lack of cre- dentials made it all the more difficult for the economics profession to accept ...
... Hazlitt's book was that , instead of attacking the simpler , more straightforward apparatus of Keynesianism as ... Hazlitt made a penetrating , scholarly , and intelligent dissection of every page of The General Theory , but he weakened ...
... Hazlitt shows that Keynes confuses wage rates with wage income . " This in turn leads him tacitly to assume that a reduction in wage rates means a corresponding reduction in wage income , and hence ' reduces purchasing power ' and ...
Contents
Introduction | 3 |
Keynes and Keynesianism 442 | 5 |
An Unwise Policy for Recovery | 35 |
Copyright | |
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Dissent on Keynes: A Critical Appraisal of Keynesian Economics Mark Skousen No preview available - 1992 |