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. |
From inside the book
Results 1-3 of 21
... source of unemployment , so it seemed natural that a humane government should smooth out these fluctuations . Federal budget surpluses would dampen excessive private demand in boom times , and budget deficits would be used to take up ...
... sources , was always good . There never could be any economic waste or malinvestment , as the Austrians argued ( Hayek [ 1935 ] 1967 ) . Keynes felt the creation of new government credits to be just as genuine as private savings or ...
... sources for domestic credit . The key element here is the potential demand for credit by the public sector . This step , thus , includes a difficult and detailed analysis of government finances . 10. If the public sector borrowing ...
Contents
Introduction | 3 |
Keynes and Keynesianism 442 | 5 |
An Unwise Policy for Recovery | 35 |
Copyright | |
12 other sections not shown
Other editions - View all
Dissent on Keynes: A Critical Appraisal of Keynesian Economics Mark Skousen No preview available - 1992 |