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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... expansion are unsustainable . The artificial boom ends in a bust . In his discussion of Keynesian and Austrian concerns about interest - rate ef- fects , Friedman claims that the importance of ultimate effects , as compared to first ...
... expansion , as fueled by the central bank , which pushed interest rates below genuine time - preference levels and created overin- vestment in higher - order capital goods . These then had to be liquidated by a recession , which in turn ...
... expansion , due to a systematic lack of real capital . Projects will have to be liquidated so as to shorten the overall production structure and readjust it to an unchanged rate of social time preference and the corresponding real ...
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 |