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Dissent On Keynes: A Critical Appraisal of Keynesian Economics

Dissent On Keynes: A Critical Appraisal of Keynesian Economics

Roger W. Garrison
3.2/5 ( ratings)
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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.

The contributors of this volume analyze the main tenets of Keynesianism--the multiplier and accelerator, the Phillips curve, the paradox of thrift, Keynesian development theory, progressive taxation, deficit spending and countercyclical demand policy, and post-Keynesianism. They demonstrate that it represents not only bad economic policy but bad economic theory, fraught with fallacies and errors. The work also offers a revisionist view of Keynes, the man, both as an economist and an investor.
Pages
256
Format
Paperback
Publisher
Ludwig von Mises Institute
Release
May 13, 1992
ISBN
027593778X
ISBN 13
9780275937782

Dissent On Keynes: A Critical Appraisal of Keynesian Economics

Roger W. Garrison
3.2/5 ( ratings)
Read Download
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.

The contributors of this volume analyze the main tenets of Keynesianism--the multiplier and accelerator, the Phillips curve, the paradox of thrift, Keynesian development theory, progressive taxation, deficit spending and countercyclical demand policy, and post-Keynesianism. They demonstrate that it represents not only bad economic policy but bad economic theory, fraught with fallacies and errors. The work also offers a revisionist view of Keynes, the man, both as an economist and an investor.
Pages
256
Format
Paperback
Publisher
Ludwig von Mises Institute
Release
May 13, 1992
ISBN
027593778X
ISBN 13
9780275937782

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