Contrary to occasional pronouncements that “Keynes is dead,” government interventionism continues to be a growing threat throughout the world economy. Keynesianism and its many facets represent the most sophisticated defense of the Welfare State ever imagined. It will not die easily. In the long run Keynes may be dead, but in the short run he lives on in the halls of government, the classrooms of academia, and the boardrooms of big business. The purpose of this provocative collection of papers is to begin the expulsion, once and for all, of John Maynard Keynes from these institutions.
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Mark Skousen holds the Benjamin Franklin Chair of Management at Grantham University, which honored Skousen by renaming its business school “The Mark Skousen School of Business.” He is a former president of the Foundation for Economic Education (FEE) and a member of the Mont Pelerin Society.
But unlike today, the deflationists and hard-money men had the upper hand. As a result, the depression ended rather quickly (by 1821) when confidence in currency was restored and currency once again was redeemable in specie.
Praeger, 1992
