The failure of the "new economics": an analysis of the Keynesian fallacies

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Van Nostrand, 1959 - Business & Economics - 458 pages
2 Reviews
Canonization. Uses of refutation. A path-breaking pioneer? The "general" theory. Postulates of Keynesian economics. Keynes vs. say's law. Overture. "labor units" and "wage units". The role of expectations. "Statics" vs. "Dynamics". Income, saving, and investment. "The propensity to consume". "The multiplier". "The marginal efficiency of capital". Expectations and speculation. "Liquidity preference". The theory of interest. Confusions about capital. "Own rates of interest". The general theory restated. Unemployment and wage-rates. Employment, money, and prices. The "trade cycle". Return to mercantilism? Keynes lets himself go. Did keynes recant? "Full employment" as the goal. "The national income approach". The keynesian policies.

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User Review  - jahn - LibraryThing

Hazlitt finds that Keynes did not put the classical economists behind him as he claimed to have done, but had rather gone back to mercantilism, and were continually blind to the reciprocality of the ... Read full review

Contents

INTRODUCTION
1
POSTULATES OF KEYNESIAN
13
KEYNES vs SAYS LAW
32
Copyright

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