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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... consumer goods , decreased profits , and doomed capitalism to experiencing frequent eco- nomic crises . Foster and Catchings , inflationists popular in the 1920s , denounced the capitalist system as inherently deficient because consumers ...
... consumers are told that they must save a larger share of their current incomes . They should buy fewer cars , so manufacturers ... consumer goods . The decline in investment forces employers to reduce wages and salaries paid to workers ...
... consumer - goods industries during the expansionary phase of the business cycle ( Valentine 1987 ) . During the contrac- tionary phase , the recession tends to hit the producer - goods sector much harder . Thus , the capital - goods ...
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 |