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: 551

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

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.

Author: Henry Hazlitt

Publisher: Pickle Partners Publishing

ISBN: 9781786258632

Category: Business & Economics

Page: 378

View: 513

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

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: 507

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:

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: 965

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 Failure of Free Market Economics and the Future of New Zealand

The Failure of Free Market Economics and the Future of New Zealand

"The book examines the failures of the free market economics and its associated political doctrine of 'neoliberalism'.

Author: Christopher L. Nobbs

Publisher:

ISBN: 0473288567

Category: Economic development

Page: 278

View: 802

"The book examines the failures of the free market economics and its associated political doctrine of 'neoliberalism'. As well as the New Zealand economy and society, trade pact negotiations, and the critical twenty-first-century issues of climate change and natural resource depletion. The book identifies the limitations of market-based transactions, and the significance of the 'common good'. By contrasting the different economic and political claims in favour of the free market, the mixed economy, and the requirements of the global ecosystem, the book points towards policies for a future that is more just, democratic and sustainable"--Publisher information.
Categories: Economic development

Lessons from the Failure of the Communist Economic System

Lessons from the Failure of the Communist Economic System

The authors offer a comprehensive and critical study that examines why neoliberal economic programs have experienced unexpected difficulties in Eastern Europe.

Author: Ladislav Rusmich

Publisher: Lexington Books

ISBN: 0739108468

Category: Business & Economics

Page: 380

View: 957

The authors offer a comprehensive and critical study that examines why neoliberal economic programs have experienced unexpected difficulties in Eastern Europe.
Categories: Business & Economics

The New Economics of Inequality and Redistribution

The New Economics of Inequality and Redistribution

Similarly (as we will see in the next chapter], some would-be borrowers will be
excluded from the credit market entirely, ... The extent of co-ordination failures
depends on what may be termed the structure of economic governance: the rules
of ...

Author: Samuel Bowles

Publisher: Cambridge University Press

ISBN: 9781139536561

Category: Business & Economics

Page:

View: 789

Economists warn that policies to level the economic playing field come with a hefty price tag. But this so-called 'equality-efficiency trade-off' has proven difficult to document. The data suggest, instead, that the extraordinary levels of economic inequality now experienced in many economies are detrimental to the economy. Moreover, recent economic experiments and other evidence confirm that most citizens are committed to fairness and are willing to sacrifice to help those less fortunate than themselves. Incorporating the latest results from behavioral economics and the new microeconomics of credit and labor markets, Bowles shows that escalating economic disparity is not the unavoidable price of progress. Rather it is policy choice - often a very costly one. Here drawing on his experience both as a policy advisor and an academic economist, he offers an alternative direction, a novel and optimistic account of a more just and better working economy.
Categories: Business & Economics

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: 495

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

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: 457

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 Policy

New Economic Policy

POLICY FOR STRUCTURAL REFORMS : AN ANALYSIS OF ITS IMPLICATIONS
TO INDIA ' S ECONOMIC DEVELOPMENT Arbind Prasad The New Economic
Policy since its initiation with the announcements of liberalisation measures in ...

Author: Siddheswar Prasad

Publisher: Mittal Publications

ISBN: 8170995302

Category: Bihar (India)

Page: 294

View: 436

Papers presented at the National Seminar on "New Economic Policy: Perspective and Issues" held at the A.N. Sinha Institute of Social Studies, Patna, October 23-24, 1992.
Categories: Bihar (India)

The New Economy and Economic Growth in Europe and the US

The New Economy and Economic Growth in Europe and the US

Margaret M. Polski I can 't understand why people are frightened by new ideas. I'
m frightened by old ones. John Cage 1. Introduction Like Cage, economists are
inclined to attribute the failure to embrace new ideas to irrational fear. Standard ...

Author: Paul J.J. Welfens

Publisher: Springer Science & Business Media

ISBN: 3540431799

Category: Business & Economics

Page: 350

View: 301

There are many issues relating to the new economy in Europe and the USA that are unexplored. Here, the authors present innovative theoretical and empirical analysis on Internet dynamics, productivity growth and organizational changes in selected OECD countries. New empirical findings related to telecommunications, Internet and growth also are presented. Based on the theoretical and empirical analyses, various policy options are developed. Policy measures, both at the regional and national levels, can stimulate structural change, knowledge diffusion and economic growth. Different governance strategies for the Internet and e-commerce are identified from a global perspective.
Categories: Business & Economics

The Trouble with Capitalism

The Trouble with Capitalism

Examines worldwide economic policies and the causes of instability in the financial markets

Author: Harry Shutt

Publisher: Zed Books

ISBN: 1856495663

Category: Business & Economics

Page: 238

View: 988

Examines worldwide economic policies and the causes of instability in the financial markets
Categories: Business & Economics

The New Economics of Sovereign Wealth Funds

The New Economics of Sovereign Wealth Funds

... The failure of selfregulation Poorrisk management practices bybanksand
insurancesalongwith distorted incentive structures for executive compensation,
shortcomings in disclosure, fundamentalfaultsinthe practiceofthe
originatetodistribute ...

Author: Massimiliano Castelli

Publisher: John Wiley & Sons

ISBN: 9781119973454

Category: Business & Economics

Page: 232

View: 249

A complete guide to sovereign wealth funds written by and for industry practitioners Sovereign wealth funds (SWFs) aren't new, but they are often misunderstood. As they've attracted more attention over the last decade and grown greatly in size, the need for a new and thorough resource on SWFs has never been greater. These funds will only grow more important over the coming years. In this book, expert authors who work in the industry present a comprehensive look at SWFs from the perspective of western investors.
Categories: Business & Economics

The New Economics

The New Economics

It is also a critique of public services, explaining why they fail to make sustainable
change in individuals or neighbourhoods, and why there remains so much ill
health, school failure and collapsing social fabric. It offers an approach that goes
 ...

Author: David Boyle

Publisher: Earthscan

ISBN: 9781849770248

Category: Business & Economics

Page: 208

View: 728

Economics sometimes seems to be stacked against social, environmental and individual well-being. But it doesn't have to be like this. A new approach to economics - deriving as much from Ruskin and Schumacher as from Keynes or Smith - has begun to emerge. Skeptical about money as a measure of success, this new economics turns our assumptions about wealth and poverty upside down. It shows us that real wealth can be measured by increased well-being and environmental sustainability rather than just having and consuming more things. This book is the first accessible and straightforward guide to the new economics. It describes the problems and bizarre contradictions in conventional economics as well as the principles of the emerging new economics, and it tells the real-world stories of how new economics is being successfully put into practice around the world. An essential guide to understanding new economics for all those who care about making economics work for people and planet.
Categories: Business & Economics

Toward a New Economics

Toward a New Economics

It was that arrangement more than any other feature that defined the new
international order, and especially the pivotal role ... was the failure of the system
to give any special consideration to the needs of developing nations — those
countries ...

Author: Alfred S. Eichner

Publisher: M.E. Sharpe

ISBN: 0873323270

Category: Business & Economics

Page: 240

View: 463

Presents the body of Post-Keynesian theory as an integrated whole, demonstrating that it is just as comprehensive and coherent as the neoclassical synthesis.
Categories: Business & Economics

The New Economics for Industry Government Education third edition

The New Economics for Industry  Government  Education  third edition

... your brain may start to scream as you implement Deming's management
approach because Dr. Deming's approach does not have the comfort of being
familiar to you—at least not yet. With time and practice, it will. Avoid the failure
modes!

Author: W. Edwards Deming

Publisher: MIT Press

ISBN: 9780262350013

Category: Business & Economics

Page: 240

View: 645

A new edition of a book that details the system of transformation underlying the 14 Points for Management presented in Deming's Out of the Crisis. It would be better if everyone would work together as a system, with the aim for everybody to win. What we need is cooperation and transformation to a new style of management.” —from The New Economics for Industry, Government, Education In this book, W. Edwards Deming details the system of transformation that underlies the 14 Points for Management presented in Out of the Crisis. The Deming System of Profound Knowledge, as it is called, consists of four parts: appreciation for a system, knowledge about variation, theory of knowledge, and psychology. Describing the prevailing management style as a prison, Deming shows applying the System of Profound Knowledge increases productivity, quality, and people's joy in work and joy in learning. Another outcome is short-term and long-term success in the market. Indicative of Deming's philosophy is his advice to abolish performance reviews on the job, to look deeper than spreadsheets for opportunities, and even to rethink how we teach and manage our schools. Moreover, Deming's method enables organizations to make accurate predictions, which is a valuable tool in today's uncertain economic climate. This third edition features a new chapter (written by business consultant and Deming expert Kelly L. Allan) that explains the relevance of Deming's management method, and case studies from organizations that have adopted Deming's System of Profound Knowledge, and offers guidance on how organizations can effectively “do Deming.”
Categories: Business & Economics

The President s New Economic Program

The President s New Economic Program

Hearings, Ninety-second Congress, First Session United States. Congress. Joint
Economic Committee. do so . Mr. DISALLE . Mr. Chairman , OPA was the result of
a failure of the voluntary approach , OPS was the result of failure of voluntary ...

Author: United States. Congress. Joint Economic Committee

Publisher:

ISBN: MINN:31951D035849747

Category: United States

Page: 782

View: 821

Categories: United States

The New Economic Diplomacy

The New Economic Diplomacy

Decision-Making and Negotiation in International Economic Relations Dr
Stephen Woolcock, Sir Nicholas Bayne. Chapter 13 The OECD: ... It will be seen
that the notions of 'success' and 'failure' need some qualification. The Conceptual
 ...

Author: Dr Stephen Woolcock

Publisher: Ashgate Publishing, Ltd.

ISBN: 9781409476481

Category: Political Science

Page: 450

View: 782

This third, fully updated edition of The New Economic Diplomacy explains how states conduct their external economic relations in the 21st century: how they make decisions domestically; how they negotiate internationally; and how these processes interact. It documents the transformation of economic diplomacy in the 1990s and 2000s in response to the end of the Cold War, the advance of globalization and the growing influence of non-state actors such as private business and civil society.
Categories: Political Science

Shutdown

Shutdown

Critical examination of the effects on the Australian economy of the practice of radical free-market policies.

Author: John Carroll

Publisher:

ISBN: UCSD:31822016895823

Category: Australia

Page: 195

View: 850

Critical examination of the effects on the Australian economy of the practice of radical free-market policies. Includes articles by Michael Pusey, Hugh Stretton and Chalmers Johnson, which trace the history of economic rationalism, point to alternative systems employed overseas and suggest ways of rebuilding our economy.
Categories: Australia