Title
The Failure of the New Economics,New
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Henry Hazlitt did the seemingly impossible, something that was and is a magnificent service to all people everywhere. He wrote a linebyline commentary and refutation of 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
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- Q: What is 'The Failure of the New Economics' about? A: 'The Failure of the New Economics' is a critical commentary by Henry Hazlitt that challenges the theories presented in John Maynard Keynes's 'General Theory'. Hazlitt meticulously analyzes and refutes Keynes's economic principles, arguing for the validity of Austrian economics.
- Q: Who is the author of this book? A: The author of 'The Failure of the New Economics' is Henry Hazlitt, a renowned economist and author known for his clear writing and advocacy of free-market principles.
- Q: What type of binding does this book have? A: This book is available in paperback binding, making it lightweight and flexible for reading.
- Q: How many pages does this book contain? A: 'The Failure of the New Economics' contains 451 pages, providing an in-depth exploration of economic theories.
- Q: Is this book suitable for beginners in economics? A: While 'The Failure of the New Economics' is written clearly, it is recommended for readers who have some prior knowledge of economic concepts, as it engages with advanced topics and critiques.
- Q: When was 'The Failure of the New Economics' published? A: The book was published on March 2, 2007, reflecting economic debates that are still relevant today.
- Q: What condition is this book in? A: This book is listed as 'New', ensuring that it is in excellent condition for readers.
- Q: What are the main features of this book? A: The main feature of 'The Failure of the New Economics' is its detailed commentary and critique of Keynesian economics, backed by extensive research and analysis.
- Q: Is there any specific edition of this book? A: Yes, this is the first edition of 'The Failure of the New Economics', which maintains the integrity of Hazlitt's original arguments.
- Q: Does this book include any references or citations? A: Yes, 'The Failure of the New Economics' includes references to Keynes's original work and other scholarly analysis, providing a comprehensive basis for Hazlitt's critiques.