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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... acceleration principle is whether the accelerator is constant . . . . The equation K , − K1- , a ( O1 — O11 ) states the acceleration principle in its most uncompromising form : net induced investment is solely a function of the rate ...
... acceleration principle is subject to the same criticisms made above . The acceleration principle reverses cause and effect ; individuals change their degree of saving and investing in order to change their stock of capital goods , not ...
... acceleration principle operates just as Samuelson and Nor- dhaus state , it is only temporary . In the third year , one additional machine is produced and used to replace the one machine out of the total twenty that wears out . Then in ...
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 |