The Critics of Keynesian Economics

by Henry Hazlitt

Book Overview

The Critics of Keynesian Economics by Henry Hazlitt is a comprehensive analysis of the criticisms leveled against the Keynesian economic theory, which dominated economic thinking in the mid-twentieth... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 0870004018
• ISBN13: 9780870004018
• Release Date: January 1977
• Publisher: Arlington House Publishers
• Length: 427 Pages
• Weight: 1.50 lbs.

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.