Henry Hazlitt THE FAILURE OF THE NEW ECONOMICS 1st Ed. 6th Print Signed!!!

Description: THE late Lord Keynes has been praised as the peer of Adam Smith, Ricardo, and even Darwin. His book, The General Theory of Employment, Interest, and Money, which appeared in 1936, has been the most influential economic work published in the twentieth century. It is the fountainhead of a whole new litera- ture, sometimes called the "New Eco- nomics.' In this thoroughgoing but lively new book, Henry Hazlitt subjects Keynes's celebrated work to a penetrating critical analysis, chapter-by-chapter and theorem- by-theorem. He challenges every leading Keynesian tenet: the attempted refuta- tion of Say's Law; the fear of thrift and saving; the alleged dependence of em- ployment on "the propensity to con- sume"; the disparagement of the gold standard; the "liquidity preference" ex- planation of interest rates; the attack on "speculation"; and above all the conten- tion that unemployment is not caused by wage-rates that are excessive in relation to prices or production Mr. Hazlitt also examines such Keyne- sian policy recommendations as the "euthanasia of the rentier," government direction of all investment, perpetually low interest rates, huge spending on "public works," deficit financing, paper money-and inflation; as well as such as- pects of the "New Economics" as "the national income approach" and the goal of "full employment." Mr. Hazlitt con- tends that the "New Economics" has failed as a tool of analysis or as a basis for forecasting or public policy. Not only professional economists but everyone concerned with a basic under- standing of the way our economy oper- ates will want to read this book. HENRY HAZLITT has been a prolific writer in diverse fields-literary criticism, philosophy, politics, economics and finance. Ever since he began his career in 1913 as a reporter for the Wall Street Journal however, his dominant interest has been in economics and finance. He wrote the financial letter for a New York bank, served on the staff and as financial editor of three early New York papers, all before he became Literary Editor of the New York Sun in 1925, of the Nation in 1930, and in 1933 succeeded H. L. Mencken as Editor of the American Mercury. In 1934 Mr. Hazlitt joined the New York Times where he wrote most of its financial and economic editorials and later the signed Monday financial column. Twelve years later, in September 1946, he became the writer of the Business Tides column for Newsweek which he con- tinues today. The author of seven previous books, in- cluding Economics in One Lesson (1942), Will Dollars Save the World? (1947), and The Free Man's Library (1956). Mr. Haz- litt has lectured over the years at many colleges here and abroad. In 1958 he re- ceived the honorary degree of Doctor of Letters from Grove City College, Penn- sylvania. PRINTED USA

Price: 444.5 USD

Location: New Orleans, Louisiana

End Time: 2025-01-14T13:53:28.000Z

Shipping Cost: 5.38 USD