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Search found 2 items for:
Calculation and Knowledge
Robert F. Mulligan

Has Keynesian Stabilization Policy Actually Stabilized Output and Employment?

Media Asset

Author: Robert F. Mulligan

Online Publish Date: April 1, 2013

Category: Calculation and Knowledge, Other Schools of Thought

From the session on “Studies in Business Cycles,” presented at the Austrian Economics Research Conference. Recorded 22 March 2013 at the Ludwig von Mises Institute in Auburn, Alabama.

The Central Fallacy of Keynesian Economics

Quarterly Journal of Austrian Economics

Author: Robert F. Mulligan

Online Publish Date: November 19, 2014

Category: Calculation and Knowledge, Fiscal Theory, Monetary Theory

Volume 17, No. 3 (Fall 2014) ABSTRACT : Keynes’s theory of Aggregate Expenditures from the General Theory is examined and criticized. Keynes suggested numerous reasons why his marginal propensity to consume (MPC) might vary across individuals, over different time periods, and might be fundamentally heterogeneous in other respects, but assumed

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