Dissent on Keynes

by Skousen, Mark

• ISBN13: 9780275937782
• ISBN10: 027593778X
• Format: Hardcover
• Copyright: 1992-03-30
• Publisher: Praeger Pub Text

Summary

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.

Author Biography

MARK SKOUSEN is Adjunct Professor of Economics and Finance at Rollins College in Florida and editor of Forecasts and Strategies, an investment newsletter.

Table of Contents

Introduction

This Trumpet Gives an Uncertain Sound: The Free- Market Response to Keynesian Economics by Mark Skousen

Fiscal Stimulus: An Unwise Policy for Recovery by John B. Egger

The Fallacy of the Phillips Curve by Jeffrey M. Herbener

The Myths of the Multiplier and the Accelerator by Jeffrey M. Herbener

Keynes and the Anti-Savings Mentality by Mark Skousen

Keynesian Policy and Development Economics by Bruce R. Barlett

The Fork in the Keynesian Road: Post-Keynesians and Neo-Keynesians by Don Bellante

Is Milton Friedman a Keynesian? by Roger W. Garrison

Keynes' First Principles by David Gordon

Keynes as a Speculator: A Critique of Keynesian Investment Theory by Mark Skousen

Keynes, the Man by Murray N. Rothbard

The Misesian Case against Keynes by Hans-Hermann Hoppe

References

Index