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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... Supply - side economics brought a new perspective to fiscal policy . Instead of stressing the effects on spending , supply - siders showed that tax rates directly affect the supply of goods and services . Lower tax rates mean better ...
... supply determines the level of price , not changes in price . When demand is high relative to supply , price will be high , not rising . Movements in price occur in response to changes in demand and supply . When demand rises relative ...
... supply of money is optimal and , in that sense , that the supply of money is indifferent or " neutral " to the real processes of the economy . But , unfortunately , changes in the supply of money can have untoward and even devastating ...
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 |