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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... lowers interest rates , expands the pool of capital , and allows auto ( and other ) manufacturers to adopt new production ... lower prices . One more illustration may help to clear up the critical Keynes and the Anti - Saving Mentality 97.
... lower interest rate favors production for the more distant future over production for the more im- mediate future ; it favors relatively more time - consuming or roundabout methods of production as well as the production and use of more ...
... lower - order , or present goods . Increases or decreases in the demand for money , other things being equal , lower or raise the overall level of money prices , but real consumption and investment as well as the real consumption ...
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 |