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 67
... effect ; the good economist takes into account both the effect that can be seen and those effects that must be foreseen " ( Bastiat [ 1850 ] 1964 : 1 ) . To understand these invisible effects of fiscal policy , we must interpret the ...
... effects that work through the entire economy , as ( to describe just the " second round " ) those who had earned incomes by producing the crowded - out goods find that they must reduce their own demands for yet other goods . It is ...
... effects , as compared to first - round effects , is an empirical question ( R. Gordon 1974 : 147 ) . The Austrians recognized that ultimately , after boom , bust , and recovery , empirical analysis would reveal no lingering effects of ...
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 |