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The Failure Of The New Economics: An…
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The Failure Of The New Economics: An Analysis Of The Keynesian Fallacies (1959) (edició 2010)

de Henry Hazlitt

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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.… (més)
Membre:Rand_McGreal
Títol:The Failure Of The New Economics: An Analysis Of The Keynesian Fallacies (1959)
Autors:Henry Hazlitt
Informació:Kessinger Publishing, LLC (2010), Hardcover, 470 pages
Col·leccions:La teva biblioteca
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The Failure of the New Economics: An Analysis of the Keynesian Fallacies de Henry Hazlitt

Afegit fa poc perpuck137, CMDoherty, GYelbid, VonHayek, LibraryT0, JMCH, laplantelibrary, phillyd97
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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 market.
Unemployment Hazlitt claims is nothing mysterious, but simply the result of wages pushed above market price, but how the correct market price is to be obtained is not indicated. (Daily price for every individual worker on the stock market, and all hired individually per day on that basis?)
The book is easy to read, which cannot be said of the book that is its subject. The difficulty in reading Keynes lies in Keynes own confusion Hazlitt writes, he does not stick to a single definition of important terms and that way fools himself often. The use of algebra in the General Theory is dismissed with the information that hypothetical premises gives hypothetical conclusions even in maths. ( )
  jahn | Dec 17, 2008 |
"Page by page refutation of JMK's most famous work "The General Theory of Employment, Interest and Money," and both books show considerable prescience with regard to the stagflation that emerged in the 1970s" WSJ review, John C. Webb
  raymondbonwell | Oct 11, 2009 |
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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.

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