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 39
... EXPECTATIONS An offshoot of the Chicago school is the New Classical school , which uses the concept of " rational expectations " to argue that government policies are ineffective at best and counterproductive at worst . Leaders of the ...
... expectations ( ibid .: 3-34 ) . As Phelps explains : A common thread runs through all these models . The actors of each model have to cope ignorant of the future or even much of the present . Isolated and apprehensive , these ...
... Expectations " approach to macroecon- omics . In the hands of Robert E. Lucas ( 1972 ) , Thomas Sargent and Neil Wallace ( 1975 ) , Robert Barro ( 1976 ) , and others , the Rational - Expectations story was at once a critique 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 |