The Failure of the New Economics

The target here is John Maynard Keynes's "General Theory," the book that appeared in 1936 and swept all before it. In economic science, Keynes changed everything.

The Failure of the New Economics

Author: Henry Hazlitt

Publisher:

ISBN: 9781684220465

Page: 472

View: 736

2016 Reprint of 1959 Edition. Full facsimile of the original edition, not reproduced with Optical Recognition Software. Henry Hazlitt did the seemingly impossible, something that was and is a magnificent service to all people everywhere. He wrote a line-by-line commentary and refutation of what he considered to be one of the most destructive, fallacious, and convoluted books of the century. The target here is John Maynard Keynes's "General Theory," the book that appeared in 1936 and swept all before it. In economic science, Keynes changed everything. He supposedly demonstrated that prices don't work, that private investment is unstable, that sound money is intolerable, and that government was needed to shore up the system and save it. It was simply astonishing how economists the world over put up with this, but it happened. He converted a whole generation in the late period of the Great Depression. By the 1950s, almost everyone was Keynesian. But Hazlitt, the nation's economics teacher, would have none of it. And he did the hard work of actually going through the book to evaluate its logic according to Austrian-style logical reasoning. The result: a nearly 500-page masterpiece of exposition.

The Failure of the New Economics

The Failure of the New Economics

Author: Henry Hazlitt

Publisher: Ludwig von Mises Institute

ISBN: 1610164504

Page: 458

View: 169

The distinguished economic journalist refutes the theorems found in Keynes' General Theory of Employment, Interest, and Money and cites briefly the contradictions and dangers of his national income approach.

The Failure of the New Economics An Analysis of the Keynesian Fallacies

The most uncompromising “classical” attack on mathematical economics is to be
found in J. E. Cairnes, The Character and Logical Method of Political Economy,
preface to the second edition, 1875. The most uncompromising modem attack on
 ...

The Failure of the  New Economics   An Analysis of the Keynesian Fallacies

Author: Henry Hazlitt

Publisher: Pickle Partners Publishing

ISBN: 1786258633

Page: 378

View: 450

First published in 1959, this is a line-by-line commentary and refutation of one of the most destructive, fallacious, and convoluted books of the century: John Maynard Keynes’s General Theory, published in 1936. In economic science, Keynes changed everything. He supposedly demonstrated that prices don’t work, that private investment is unstable, that sound money is intolerable, and that government was needed to shore up the system and save it. It was simply astonishing how economists the world over put up with this, but it happened. He converted a whole generation in the late period of the Great Depression. By the 1950s, almost everyone was Keynesian. However, Hazlitt, the nation’s economics teacher, would have none of it. And he did the hard work of actually going through the book to evaluate its logic according to Austrian-style logical reasoning. “Hazlitt’s fine critique of Keynes is a worthy complement to Mises’ Human Action. Henry Hazlitt, a renowned economic journalist, is a better economist than a whole host of sterile academicians, and, in contrast to many of them, he is distinguished by courage: the courage to remain an “Austrian” in the teeth of the Keynesian holocaust, alongside Mises and F. A. Hayek. On its merits, this book should conquer the economics profession as rapidly as did Keynes. But whether the currently fashionable economists read and digest The Failure of the “New Economics” or not is, in the long run, immaterial: it will be read and it will destroy the Keynesian System.”—Murray Rothbard

Market Failure in Training

The papers in this volume were fIrst presented at a symposium on "An Expanded Public Role in Job Training? The Issue of Market Failure in the Provision of Training. " The symposium took place in May, 1989.

Market Failure in Training

Author: David Stern

Publisher: Springer Science & Business Media

ISBN: 3642769861

Page: 233

View: 835

The papers in this volume were fIrst presented at a symposium on "An Expanded Public Role in Job Training? The Issue of Market Failure in the Provision of Training. " The symposium took place in May, 1989. It was sponsored by the LaFollette Institute of Public Affairs at the University of Wisconsin, Madison. JozefRitzen, then in Madison on leave from Erasmus University in the Netherlands, organized the symposium. Subsequently he became Minister of Education and Science for the Netherlands. He asked David Stern to fInish the work of editing the papers for publication. All the papers have been revised in light of comments by discussants at the symposium, as well as subsequent comments by the editors and outside reviewers. INTRODucrroN AND OVERVIEW Jozef M. M. Ritzen Erasmus University Rotterdam Minister of Education and Science The Netherlands David Stem School of Education University of California, Berkeley Two factors are contributing to an increased interest in the training of adult employees. First, there is the present high rate of change in the technologies embodied in products and in production processes. This enhances the negative effect of the undersupply of training on economic growth. Higher levels of training would provide a more fertile environment for technological change. The second factor is the aging of the population.

The Failure of Laissez Faire Capitalism and Economic Dissolution of the West

This very readable book by a distinguished economist, Wall Street Journal editor, and Assistant Secretary of the US Treasury is a major challenge both to economic theory and to media explanations of the ongoing 21st century economic crisis.

The Failure of Laissez Faire Capitalism and Economic Dissolution of the West

Author: Paul Craig Roberts

Publisher: Atwell Publishing

ISBN: 0988406519

Page:

View: 822

This very readable book by a distinguished economist, Wall Street Journal editor, and Assistant Secretary of the US Treasury is a major challenge both to economic theory and to media explanations of the ongoing 21st century economic crisis. The one percent have pulled off an economic and political revolution. By offshoring manufacturing and professional service jobs, US corporations destroyed the growth of consumer income, the basis of the US economy, leaving the bulk of the population mired in debt. Deregulation was used to concentrate income and wealth in fewer hands and financial firms in corporations “too big to fail,” removing financial corporations from market discipline and forcing taxpayers in the US and Europe to cover bankster losses. Environmental destruction has accelerated as economists refuse to count the exhaustion of nature’s resources as a cost and as corporations impose the cost of their activities on the environment and on third parties who do not share in the profits. This is the book to read for those who want to understand the mistakes that are bringing the West to its knees.

The New Economics of Technology Policy

This innovative book comprehensively sheds light on the theory and practice of technological policies by employing modern analytical tools and economic techniques.

The New Economics of Technology Policy

Author: Dominique Foray

Publisher: Edward Elgar Publishing

ISBN: 184844916X

Page: 443

View: 483

This innovative book comprehensively sheds light on the theory and practice of technological policies by employing modern analytical tools and economic techniques. The New Economics of Technology Policy focuses on all public interventions intended to influence the intensity, composition and direction of technological innovations within a given entity such as a region, country or group of countries. Dominique Foray has gathered together many of the leading scholars in the field to comprehensively explore numerous avenues and pathways of research. Bringing together a collection of policy-oriented papers, this book will strongly appeal to policy-makers, academic researchers and graduate students with an interest in economics, public policy, science, technology and society.

Agenda for a New Economy

He outlines an agenda to create a new economy-- locally based, community oriented, and devoted to creating a better life for all, not simply increasing profits.

Agenda for a New Economy

Author: David C. Korten

Publisher: Berrett-Koehler Publishers

ISBN: 1605092908

Page: 196

View: 596

Today's economic crisis is the worst since the Great Depression. However, as David Korten shows, the steps being taken to address it do nothing to deal with the reality of a failed economic system. It's like treating cancer with a bandage. Korten identifies the deeper sources of the failure: Wall Street institutions that have perfected the art of creating "wealth" without producing anything of real value: phantom wealth. Our hope lies not with Wall Street, Korten argues, but with Main Street, which creates real wealth from real resources to meet real needs. He outlines an agenda to create a new economy-- locally based, community oriented, and devoted to creating a better life for all, not simply increasing profits. It will require changes to how we measure economic success, organize our financial system, even the very way we create money, an agenda Korten summarizes in his version of the economic address to the nation he wishes Barack Obama were able to deliver.

The New Economics

... or less impressionistic deductions from poring over economic annals , are all
stirred up together into one savory stew . ... Aside from the lack of a theory of
estimateforming , the most important are his failure to confront ex - ante and ex -
post ...

The New Economics

Author: Seymour Edwin Harris

Publisher: New York : Knopf

ISBN:

Page: 686

View: 239

Modern Concepts of the Theory of the Firm

The international orientation of the book addresses the world-wide scientific community.

Modern Concepts of the Theory of the Firm

Author: Günter Fandel

Publisher: Springer Science & Business Media

ISBN: 3662087995

Page: 648

View: 230

The authors analyse the New Economy from a scientific point of view. The success and the failure of enterprises of the new economy form a challenge to the modern business management and to the theory of the firm. This conference transcript answers the question in which way well-established concepts of the theory of the firm should be modified or new approaches should be created, in order to run enterprises of the new economy successfully. The discussion includes various fields of the theory of the firm and is therefore divided into the six essential disciplines of economic research, which are Production and Procurement, Finance, Marketing, Accounting, Human Resource Management and Economic Organization and Corporate Governance. The international orientation of the book addresses the world-wide scientific community.

The New Economics and the Old Economists

The Taylor Society group argued that a primary cause of the Depression was the
failure of purchasing power to keep pace with production . In particular , they
traced most of the economy ' s difficulties to a post - 1929 glut of capital . As
capital ...

The New Economics and the Old Economists

Author: J. Ronnie Davis

Publisher: Ames : Iowa State University Press

ISBN:

Page: 170

View: 979

A revision of the author's thesis, University of Virginia, 1967. Includes bibliographical references.

The New American Economy

Bartlett makes a compelling, historically-based case for large tax increases, once anathema to him and his economic allies. In The New American Economy, Bartlett seeks to clarify a compelling and way forward for the American economy.

The New American Economy

Author: Bruce Bartlett

Publisher: St. Martin's Press

ISBN: 9780230101005

Page: 272

View: 370

As a domestic policy advisor to Ronald Reagan, Bruce Bartlett was one of the originators of Reaganomics, the supply-side economic theory that conservatives have clung to for decades. In The New American Economy, Bartlett goes back to the economic roots that made Impostor a bestseller and abandons the conservative dogma in favor of a policy strongly based on what's worked in the past. Marshalling compelling history and economics, he explains how economic theories that may be perfectly valid at one moment in time under one set of circumstances tend to lose validity over time because they are misapplied under different circumstances. Bartlett makes a compelling, historically-based case for large tax increases, once anathema to him and his economic allies. In The New American Economy, Bartlett seeks to clarify a compelling and way forward for the American economy.

The New Economic Policy

Towards a New Economic Policy . The defeat of the external and internal counter
- revolution radically changed the international position of the Soviet republic and
its domestic situation . The failure of imperialist intervention meant the ...

The New Economic Policy

Author: Ėnrike Andres

Publisher:

ISBN:

Page: 63

View: 883

What You Should Know About Inflation

For this paper-bound edition Mr. Hazlitt has added new statistics and information, and in a new preface he comments on the current economic situation.

What You Should Know About Inflation

Author: Henry S. Hazlitt

Publisher: Pickle Partners Publishing

ISBN: 1787200523

Page: 142

View: 955

A noted economist exposes the truth behind our shrinking dollars... What precisely is inflation? What is its cause? Its cure? How long will it last? Is there any way you can take advantage of inflation? If not, how can you protect yourself against further erosion in the value of your savings? Henry Hazlitt gives his answers to these questions and many more in this clear, readable book. He exposes the fallacies by which some people have come to justify inflation, and he discusses the role of governments in creating the very inflation that they claim to be combatting. For this paper-bound edition Mr. Hazlitt has added new statistics and information, and in a new preface he comments on the current economic situation. What You Should Know About Inflation is required reading for anyone who wants to know why his money is worth less and what he can do about it. “A keen economic mind...provides an incisive primer on the subject.”—THE WALL STREET JOURNAL “This concise little book explains the elements of the subject in simplest terms, and takes the mystery out of the technical jargon in which it is too often buried. Henry Hazlitt answers...questions with logic and lucidity.”—INVESTMENT DEALER’S DIGEST

Ireland

Ireland: A New Economic History offers a fresh, comprehensive economic history of Ireland between 1780 and 1939, which is mould-breaking in its methodology and unparalleled in its broad scope and comparative focus.

Ireland

Author: Cormac Ó Gráda

Publisher: Oxford University Press

ISBN:

Page: 536

View: 507

Ireland: A New Economic History offers a fresh, comprehensive economic history of Ireland between 1780 and 1939, which is mould-breaking in its methodology and unparalleled in its broad scope and comparative focus. Cormac O Grada unites historical research and economic theory in an original and stimulating book which will be essential reading for all students of Irish history. Within a broadly chronological framework, Professor O Grada examines all the well-known puzzles of Irish economic history during this period - including the 'inevitability' of the famine, the role of land tenure in agricultural backwardness, and the 'failure' of the economy to industrialize. His account is both accessible, with technical discussion kept to a minimum, and intellectually exciting.

The Failure of Economic Diplomacy

Based on new archival research, this is the first comprehensive study of the failure of international co-operation to combat the Great Depression.

The Failure of Economic Diplomacy

Author: P. Clavin

Publisher: Springer

ISBN: 0230372694

Page: 279

View: 782

Based on new archival research, this is the first comprehensive study of the failure of international co-operation to combat the Great Depression. The book explores the impact of protectionism, reparations and war debts, as well as the more well known disagreements on monetary issues which, together, helped to prolong the most profound economic depression of the twentieth century. The economic and diplomatic lessons drawn from this period by the major powers - particularly German intelligence as to the deep divisions in Anglo-American economic relations - also provide an important contribution to understanding the origins of the Second World War and the diplomatic and economic order created in its aftermath.

Tax Proposals Contained in the President s New Economic Policy

... with the tax proposals : contained in President Nixon ' s New Economic Policy
The Machinery Dealers National Association ... The failure to allow the credit to
the purchase of modern used machinery and equipment is to ignore the needs of
 ...

Tax Proposals Contained in the President s New Economic Policy

Author: United States. Congress. House. Committee on Ways and Means

Publisher:

ISBN:

Page: 1362

View: 117