Papers of Interest

Home | Mises Library | The Misesian Case Against Keynes

The Misesian Case Against Keynes

July 20, 2005

Tags Capital and Interest TheoryOther Schools of Thought

Out of false theories of employment, money, and interest, Keynes distilled a fantastically wrong theory of capitalism and of a socialist paradise erected out of paper money. Moreover, Keynes offered no theory of stagnation at all. He merely gave a perfectly normal phenomenon, such as falling prices a bad name, so as to find another excuse for his own inflationary schemes.

Follow Mises Institute


Originally published in Dissent on Keynes: A Critical Appraisal of Economics.