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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... Greater excess demand or excess supply implies greater profit to entrepreneurial arbitrage , but this fact does not imply a greater percentage change in price . The latter depends on entrepreneurial perceptions of profit , risk ...
... greater excess demand into less frictional unemployment.2 Greater labor shortages may cause greater effort to diminish these problems , but that does not automatically translate into success . Thus , greater excess demand means a greater ...
... greater future amounts of production and consumption . On the free market , this process of saving and investing is greatly enhanced ( as all productive processes are ) by specialization and the use of money . Those who specialize 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 |