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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... output and the techniques by which it is produced . The argument against a policymaker's ability to identify and effect improvements in these structures , even during a recession , is just an application of the classic case against ...
... output ( Knox 1952 : 271 ) . t- From the first part of the theory , Knox derived two important implications of his assertion that the stock of capital exceeds the current output of capital . The first , Knox stated , is the possibility ...
... output and capital . It is certainly true that if an increase in demand for the consumption good leads to greater profit , entrepreneurs will bid more intensely for the factors ( including capital ) used to produce this good . But the ...
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 |