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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... profit to entrepreneurial arbitrage , but this fact does not imply a greater percentage change in price . The latter depends on entrepreneurial perceptions of profit , risk , resource availability , and arbitrage alternatives . Because ...
... profit / loss calculations and from the fact that action based on such calculations will earn a profit or suffer a loss . Economic calculation also allows individuals to fit different production processes ( within each stage and between ...
... profit inflation : " It is unthinkable that the difference between the amount of wealth in France and England in 1700 and the amount in 1500 could ever have been built up by thrift alone . The intervening profit inflation which created ...
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 |