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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... Table 4.1 ) . In this case , the multiplier is negative ! ' But Keynes claimed that more spending always means more prosperity , not less . The final case is no less absurd . If the MPC is negative ( see Table 4.1 ) , then k will be a ...
... Table B - 2 , Pg . 250 . offset the positive acceleration in cloth . If the funds come from reduced saving , then fewer resources exist to produce capital goods and no acceleration can occur . If they come from monetary inflation via ...
... Table 10.1 ) . But the return- on - investment strategy was much more volatile than that of the general market ; he lost more during bear markets ( down by 48 % in 1938 ) , but regained more during bull markets ( up by 50 % in 1936 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 |