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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... lead to inundation , nor should we drain swamps for it may lead to aridity . " Haag accepted the Keynesian doctrines that depression is due to a lack of aggregate spending and that wage cutting , the standard solution to unem- ployment ...
... lead to more but to less simultaneous consumption — contrary to the reasoning of the multiplier theory " ( Hahn 1956 : 141 ) . On the length of the Great Depression , he declares , " The fact that the United States , at the peak of the ...
... lead and if only volume of employment , irrespective of quality , is considered important . ( Viner 1936 : 149 ) This is especially evident in the so - called Phillips curve , which posits a trade- off between inflation and unemployment ...
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 |