Tag Archives: Keynesianism

Reisman’s Criticism of Keynesianism

Capitalism: A Treatise on Economics by George Reisman, 1996. CHAPTER 15 AGGREGATE PRODUCTION, AGGREGATE SPENDING, AND THE ROLE OF SAVING IN SPENDING Application to the Critique of the Keynesian Multiplier Doctrine As should now be clear, any rise in wages, … Continue reading

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Rothbard’s Criticism of Keynesianism

Man, Economy, and State, 2nd edition, Murray N. Rothbard. Chapter 11 –¬†Money and Its Purchasing Power 5. The Demand for Money B. SPECULATIVE DEMAND One of the most obvious influences on the demand for money is expectation of future changes … Continue reading

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Uncertainty and Cost of the Keynesian Stimulus

Keynesians wrongly believe that government spending during recession (i.e. fiscal stimulus) will stimulate the economy to the extent that the money will put into motion the idle resources.

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Hazlitt’s Criticism of Keynes’ General Theory

Hazlitt, Henry (1959). The failure of the” new economics”: an analysis of the Keynesian fallacies. Ludwig von Mises Institute.

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Debunking the Keynesian Accelerator Theory

Skousen, M., ed., (1992). Dissent on Keynes: A Critical Appraisal of Keynesian Economics. New York and London: Praeger. Chapter 4 : The Myths of the Multiplier and the Accelerator, by Jeffrey M. Herbener The Accelerator While interest in the trade … Continue reading

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The Fatal Flaw of the Keynesian Multiplier Theory

The Failure of the New Economics, 1959, Henry Hazlitt.

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No Evidence for Keynesian Stimulus : the Theory and the Reality

Although the stagflation of the 1970s has severely, if not entirely, discredited Keynesian theories, politicians persist in adopting these costly keynesian policies in order to stimulate economic activity, by stimulating demand, and by the same account investment, through an increase … Continue reading

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No Correlation : What If Keynesian Stimulus Did Not Work ?

A myriad of factors can affect economic growth. The measures and analyses of the effectiveness of keynesian stimulus need to control for all factors that affect economic growth, which is extremely difficult to perform. Therefore, economic growth following the growth … Continue reading

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