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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... exist at equilibrium . Only for wage rates above the market - clearing level can unemployment exist . Thus , unem- ployment must result , on the unhampered market , in a falling wage rate and hence , in a negative rate of change , in ...
... exist in the free market . First , prices and wages are components of voluntary contracts designed to bring about cooperation and coordination of individuals . The voluntary nature of the exchanges demonstrates the desire of individuals ...
... exist , it is explained by the Misesian theory of the business cycle . " In the hampered market economy , where the government monopolizes money production with fiat paper and reg- ulates fractional - reserve financial institutions ...
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 |