Tuesday, 3 April 2007

Slaying Keynes

"In the long run, we're all dead," said the inventor of Keynesian economics and the apostle of short-term economic thinking. We're now living in Keynes' long-run, after half-a-century of paying for his mistakes.

Those with some time on their hands, but with less time than it takes to read Henry Hazlitt's full-on slaying of the Keynesian dragon (for which, details below), might enjoy Austrian economist Hans Herman-Hoppe's The Misesian Case Against Keynes -- a shorter but still comprehensive running through of Keyne's major errors, as assessed by a student of Ludwig von Mises.

** For Hazlitt's lengthier arguments, you'll have to either buy the two books (The Failure of the New Economics, and The Critics of Keynesian Economics) or download the complete PDF of The Failure of the New Economics -- or simply read Rothbard's foreword to The Failure here to get the flavour.

RELATED: Economics, History-Twentieth Century, Books

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