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. |
From inside the book
Results 1-3 of 38
A Critical Appraisal of Keynesian Economics Mark Skousen. 15 dividing the data into three periods : 1861-1913 , 1913–1949 , and 1948-1957 , and then fitting his curve to the first period's data only . If all the data is put on a single ...
... period of time ( still a flow ) . C is the value of newly produced consumption goods , out of Y , and I is the value of newly produced investment goods , out of Y. With these definitions , Y must add up to C plus I. However , this ...
... period marked by the extension of artificially cheap credit is followed by a period of high interest rates when cumulative demands for credit have outstripped genuine saving . The ar- tificial , credit - induced boom will necessarily ...
Contents
Introduction | 3 |
Keynes and Keynesianism 442 | 5 |
An Unwise Policy for Recovery | 35 |
Copyright | |
12 other sections not shown
Other editions - View all
Dissent on Keynes: A Critical Appraisal of Keynesian Economics Mark Skousen No preview available - 1992 |