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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... principle is whether the accelerator is constant . . . . The equation K , − K1- , a ( O1 — O11 ) states the acceleration principle in its most uncompromising form : net induced investment is solely a function of the rate of growth of ...
... principle to first - order capital goods ? Contrary to Knox's belief , the first part of the acceleration principle - the identity between capital produced and a change in the stock of capital - is not " unquestionable . " It is ...
... principle having always held true in the past , it will therefore probably hold true in the future . This inference presupposes the validity of induction , while what is in question here is precisely the principle on whose truth ...
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 |