What's wrong with Keynesian economic theory?

One of the most striking phenomena in all of economics is the absence of a deep tradition of criticism focused on Keynesian economic theory. There have been critics but they are few and far between, even though Keynesian demand management has been at the centre of some of the worst economic outcomes...

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Bibliographic Details
Main Author: Kates, Steven
Format: eBook
Language:English
Published: Northampton, MA Edward Elgar Pub. 2016, c. 2016
Subjects:
Online Access:
Collection: Edward Elgar eBook Archive - Collection details see MPG.ReNa
Table of Contents:
  • Includes bibliographical references and index
  • an Austrian critique / Peter Boettke and Patrick Newman
  • 2. What the entrepreneurial problem reveals about Keynesian macroeconomics / Per L. Bylund
  • 3. A critique of two key concepts in Keynesian textbooks / Tim Congdon
  • 4. The misdirection of Keynesian aggregates for understanding monetary and cyclical processes / Richard M. Ebeling
  • 5. Cycles and slumps in an overly aggregated theoretical framework / Roger W. Garrison
  • 6. The problems with Keynesianism: a view from Austrian capital theory / Steven Horwitz
  • 7. The dangers of Keynesian economics / Steven Kates
  • 8. The problem of Keynesian aggregation / Arnold Kling
  • 9. What's wrong with Keynesian economists? / Art Laffer
  • 10. Capital, saving and employment / George Reisman
  • 11. What's wrong with Keynesian economics? / David Simpson
  • 12. Move over keynes: replacing Keynesianism with a better model / Mark Skousen
  • 13. The conclusive fault line in Keynesian econom