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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... century , one answer commanded much support : the federal government can , and should , speed the end of recessions with deficit spending . The Employment Act of 1946 charged the government with promoting “ max- imum employment . " The ...
... century after his critique of the Treatise , Hayek explicitly categorized " Keynes's economics as just another branch of the centuries - old Quantity Theory school , the school now associated with Milton Friedman " ( Minard 1979 : 49 ) ...
... century's foremost intellectual scandals.'1 II.1 . Employment Keynes sets out a false theory of employment . Contrary to the classical view , he claims that there can be involuntary unemployment on the free market and , further , that a ...
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 |