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 19
... direct foreign investment as " neo - imperialist . " A small band of economists , however , warned that foreign aid was not only unlikely to promote growth , but might well retard it . As early as 1953 , F. A. Hayek warned that it was ...
... interest - inelastic , accounts for the Keynesian preference for fiscal policy over monetary policy as a means of stimulating or retarding economic activity . Government spending has a direct effect 134 Dissent on Keynes.
... direct result of money creations , but with a stable demand for money in real terms , the price level increases in direct proportion to nominal money growth so that real incomes are unaffected . 4. Keynesians believe that long - run ...
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 |