Presents an overview of the economic theories of John Maynard Keynes and offers a critique of the Keynesian economic strategy of borrowing and spending which has been used by the current Obama administration to deal with the fiscal crisis of 2009.
Author(s): Hunter Lewis
Publisher: Axios Press
Year: 2009
Language: English
Commentary: KEYNES CRITICIZED IN THIS BOOK
Pages: 384
Tags: MISES INSTITUTE, ECONOMICS, FAILURE OF KEYNES, FAILURE OF ECONOMICS, KEYNES FAILED
Contents
Part Two
What Keynes Really Said
2: Drive Down Interest
Rates. . . . . . . . . . . . . . . . . 17
Part Three
Why Keynes Was Wrong
10:“Drive Down Interest
Rates” (and Reap a Whirlwind of Inflation, Bubbles,
and Busts). . . . . . . . . . . . . 89
11: Spend More, Save Less,
and Grow Poorer. . . . . 117
3: Spend More, Save Less,
and Grow Wealthy. . . . . 27
4: The Immoralist
(A Digression). . . . . . . . . 35
5: What to Do about
Wall Street?. . . . . . . . . . . 47
6: Look to the State for Economic Leadership. . . . . . 53
Part One
Introduction
1: Commonsense Economics. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
12:What (Not) to Do
about Wall Street. . . . . 137
13:(Do Not) Look to the
State for Economic
Leadership. . . . . . . . . . . 147
14:Government for Sale
(A Digression). . . . . . . . 163
15:In an Economic Crisis,
Printing, Lending, Borrowing, and Spending
Just Sow the Seeds of
the Next Crisis. . . . . . . 183
7: In an Economic Crisis,
Print, Lend, Borrow,
and Spend. . . . . . . . . . . . . 63
x • Where Keynes Went Wrong
16:Markets Do SelfCorrect. . . . . . . . . . . . . . 219
17:Yes to Economic
Globalization. . . . . . . . . 241
8: Markets Do Not SelfCorrect. . . . . . . . . . . . . . . 71
9: Yes, No, and Again Yes
to Economic Globalization. . . . . . . . . . . . . . . . 79
Part Four
More on Keynes
18:How Keynesian Was Keynes?. . . . . . . . . . . . . . . . . . . . . . . . . . 257
19:Keynes Speaking. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .261
20:Keynes Writing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .267
Part Five
Conclusion
21:Upside-Down Economics: What Keynes Would
Have You Believe. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .281
22:What Is Really Wrong Here: The Central Paradox
of Keynesianism. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .291
Part Six
Envoi
23: Saying Goodbye to Keynes . . . . . . . . . . . . . . . . . . . . . . . . . . . .303
Endnotes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 307
Citations. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 341
Index. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 373
