The Critics Of Keynesian Economics (1960)

By Henry Hazlitt

Book Overview

The Critics of Keynesian Economics is a book written by Henry Hazlitt in 1960. The book provides a critical analysis of the Keynesian economic theory and its impact on the economy. Hazlitt argues that the Keynesian theory is flawed and has led to disastrous economic policies that have caused inflation, unemployment, and economic instability. He also critiques the Keynesian belief in deficit spending and government intervention in the economy, arguing that these policies only exacerbate economic problems. The book is a comprehensive critique of Keynesian economics and provides a valuable alternative perspective on economic theory. It is a must-read for anyone interested in understanding the flaws of Keynesian economics and the impact of economic policies on the economy.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.

• Format: Paperback
• Language: English
• ISBN: 1162557249
• ISBN13: 9781162557243
• Release Date: August 2010
• Publisher: Kessinger Publishing
• Length: 436 Pages
• Weight: 1.28 lbs.
• Dimensions: 0.9" x 6.0" x 9.0"

Customer Reviews

A fundamental book for all students of economics!

This simply cannot be over-stated: this book is fundamental for all students of economics. It debunks Keynes and show just how completely absurd his thinking is, often bordering on mysticism and magic ("Inflation can turn stones into break"). The previous review that claims that the critics of Keynes didn't understand his mathematical model would be funny if it wasn't so sad to imagine anyone would be so much in love with an absurd theory as to look for desperate ways to defend it. Among the critics, there are some of the best economists of the 20th century, including Nobel Price winner Friedrich von Hayek, hardly people who would find it challenging to understand Keynes' math. Besides, this just proves another point: if an economic theory cannot be put into clear and concise words, the best math in the world won't save it. Nonsense is still nonsense even when it tries to hide in complex formulas. Of course math cannot contradict logic and Keynes theories were extremely illogical, which is exactly what this book proves beyond any doubt.