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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... income and wealth through highly progressive taxation rates and heavy death duties , a na- tion's marginal propensity to consume can be increased , which in turn will increase the multiplier and stimulate economic activity ( ibid .: 372 ...
... income tax " ( Ward 1977 ) . As a consequence , virtually all LDCs have extremely high marginal tax rates , beginning at relatively low levels of income . Apparently , such countries simply adopted the tax systems of their colonial ...
... tax policy . Even today , Japan's tax system is essentially an outgrowth of the structure imposed by General Douglas ... income tax rate from 85 percent to 55 percent ; • An increase in the personal exemption ; · Indexation of capital ...
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 |