The Failure of the New Economics

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.

Author: Henry Hazlitt

Publisher:

ISBN: 1684220467

Category: Business & Economics

Page: 472

View: 933

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.
Categories: Business & Economics

The Failure of the New Economics

The Failure of the New Economics

Author: Henry Hazlitt

Publisher: Ludwig von Mises Institute

ISBN: 9781610164504

Category: Economics

Page: 458

View: 630

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.
Categories: Economics

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

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

THE FAILURE OF THE “NEW ECONOMICS”: AN ANALYSIS OF THE KEYNESIAN FALLACIES BY HENRY HAZLITT Foreword by Murray N. Rothbard TABLE OF CONTENTS Contents TABLE ...

Author: Henry Hazlitt

Publisher: Pickle Partners Publishing

ISBN: 9781786258632

Category: Business & Economics

Page: 378

View: 436

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
Categories: Business & Economics

Market Failure in Training

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.

Author: David Stern

Publisher: Springer Science & Business Media

ISBN: 9783642769863

Category: Political Science

Page: 233

View: 958

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.
Categories: Political Science

The New Economics of Technology Policy

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.

Author: Dominique Foray

Publisher: Edward Elgar Publishing

ISBN: 9781848449169

Category: Technology & Engineering

Page: 443

View: 338

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.
Categories: Technology & Engineering

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

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.

Author: Paul Craig Roberts

Publisher: Atwell Publishing

ISBN: 9780988406513

Category:

Page:

View: 702

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.
Categories:

Agenda for a New Economy

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.

Author: David C. Korten

Publisher: Berrett-Koehler Publishers

ISBN: 9781605092904

Category: Business & Economics

Page: 196

View: 343

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.
Categories: Business & Economics

Modern Concepts of the Theory of the Firm

Modern Concepts of the Theory of the Firm

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

Author: Günter Fandel

Publisher: Springer Science & Business Media

ISBN: 9783662087992

Category: Business & Economics

Page: 648

View: 762

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.
Categories: Business & Economics

Ireland

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.

Author: Cormac Ó Gráda

Publisher: Oxford University Press

ISBN: STANFORD:36105009750493

Category: Social Science

Page: 536

View: 272

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.
Categories: Social Science

Market Failure in Training

Market Failure in Training

The objective of this series is to report on new developments in the broad field of modern economics.

Author: David Stern

Publisher: Springer Verlag

ISBN: 0387546227

Category: Business & Economics

Page: 233

View: 910

Categories: Business & Economics

The New Economics

The New Economics

is tied in with the failure to systematize the theory of the formation of
entrepreneurial estimates , which was discussed above . The meaning of current
experience for further anticipations plainly turns largely on how current
experience diverges ...

Author: Seymour Edwin Harris

Publisher: New York : Knopf

ISBN: UOM:39015063802964

Category: Economics

Page: 686

View: 343

Categories: Economics

What You Should Know About Inflation

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.

Author: Henry S. Hazlitt

Publisher: Pickle Partners Publishing

ISBN: 9781787200524

Category: Business & Economics

Page: 142

View: 617

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
Categories: Business & Economics

The New American Economy

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.

Author: Bruce Bartlett

Publisher: St. Martin's Press

ISBN: 0230101003

Category: Business & Economics

Page: 272

View: 174

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.
Categories: Business & Economics

New Economic Engine Effective Government and Efficient Market

New Economic Engine  Effective Government and Efficient Market

This book contains at least three main highlights: breaking through the limitations of the mainstream Western economics system and the market theory framework, correctly explaining the successful experience of China’s reform and opening ...

Author: Yunxian Chen

Publisher: Springer Nature

ISBN: 9789811529221

Category: Business & Economics

Page: 120

View: 492

This book contains at least three main highlights: breaking through the limitations of the mainstream Western economics system and the market theory framework, correctly explaining the successful experience of China’s reform and opening up over the past 40 years from an economic perspective, and developing a new economics system and market theory. China’s reform and opening up and innovative developments have provided a wide range of materials and resources for this theory; the results of this research will be integrated into world economic theories and serve the economic development and economic growth across the world.
Categories: Business & Economics

Towards a New Economic Order and the Conquest of Mass Poverty

Towards a New Economic Order and the Conquest of Mass Poverty

Why Capitalism Has Succeeded Elsewhere In Generating An Industrial
Revolution But Has Failed In The Philippines The failure of capitalism to generate
an industrial revolution in the Philippines raises a basic question . That is , why
did ...

Author: Alejandro Lichauco

Publisher:

ISBN: UOM:39015012857002

Category: Philippines

Page: 115

View: 266

Categories: Philippines

The New Economics of Sustainable Consumption

The New Economics of Sustainable Consumption

... 43–4 information failure, 37–8 measurement failure, 39–40 pricing failure, 35–7 self-regulation failure, 38–9 New Economics model of, see New Economics ...

Author: G. Seyfang

Publisher: Springer

ISBN: 9780230234505

Category: Political Science

Page: 218

View: 336

This book offers a fresh look at sustainable consumption, exploring how grassroots community action can spread ideas in society. It presents a 'New Economics' approach based on alternative measures of wealth and value, examining how these are put into practice through local organic food systems, low-impact eco-housing, and complementary currencies.
Categories: Political Science

The New Economic Policy

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 ...

Author: Ėnrike Andres

Publisher:

ISBN: UCAL:B2845186

Category: Marxian economics

Page: 63

View: 200

Categories: Marxian economics

India s Economic Policy

India s Economic Policy

Bimal Jalan, the well known economist and present Governor of the RBI, in this lucid and well-argued book, makes a case for governments doing what they alone can best do, and less of what they cannot do effectively.

Author: Bimal Jalan

Publisher: Penguin Books India

ISBN: 0140260064

Category: India

Page: 217

View: 338

Nearly fifty years after independence, India remains a very poor country. It ranks near the bottom in terms of per capita income, and is similarly placed in the Human Development Index which measures social well-being. Economic growth in India has been less than half that of China or even other countries in Asia. And governments, at the Centre as well as in the states, are close to insolvency. The reason for our spectacular underachievement lies in the continuation of policies which had a certain validity as a response to the colonial experience, but which have long outlived their usefulness. The global economic scene has changed dramatically since they were formulated, and we must respond to the new realities. Bimal Jalan, the well known economist and present Governor of the RBI, in this lucid and well-argued book, makes a case for governments doing what they alone can best do, and less of what they cannot do effectively. 'One of the most lucid and lay-reader-accessible books to have been penned by an Indian economist.' --Outlook 'One cannot but agree with most of the suggestions made by Mr Jalan.' following the reforms process closely.' --Business India 'Jalan marshals a formidable array of facts to convey the general failure of the avowed mission of planning in India and the public sector's abysmal failure in particular.' --The Telegraph
Categories: India