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What's Wrong with Keynesian Economic Theory?


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Contents: Introduction 1. The Keynesian Liquidity Trap: 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? Arthur B. 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 Economics Peter Smith Index

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Edited by Steven Kates, Honorary Professor, School of Economics, Finance and Marketing, RMIT University, Melbourne, Australia

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