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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... final aggregate demand , when the truth is that employment and production are based on a delicate balance between . investment and final consumption ( 1983 : 40 ) . Another Hayek work , the pamphlet Full Employment at Any Price ...
... final user . It takes time , often lengthy periods of time , to produce as well as to consume goods and services . The Keynesians blunder in lumping all investment goods into a single , homogeneous factor , when in fact they comprise a ...
... final ( consumer ) goods later . Production of final products with the help of these goods is more “ productive . ” Or , what amounts to the same thing , he who possesses , and can produce with the aid of , capital goods is nearer in ...
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 |