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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... measure by subtracting the " full - employment ” unemployment rate from the rate they measure . Keynes ( 1936 : 6 ) recognized and understood the other sources of unemployment , but he quickly dismissed them in a few early pages ...
... measure ill - judged , but also because the government cannot in his view violate the property rights of individuals ... measures violate the in- dividual rights of creditors by lowering the value of money is never addressed by Keynes ...
... measures designed to increase the propensity to consume by the redistribution of incomes or otherwise ” ( Keynes 1936 : 324 ) . = 25. It is typical of Keynes's philosophy of abundance that he gets things upside down here as well . For ...
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 |