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Failure of the “New Economics”

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THE FAILURE OF THE “NEW ECONOMICS”

An Analysis of the Keynesian Fallacies

HENRY HAZLITT

D. VAN NOSTRAND COMPANY, INC.

PRINCETON, NEW JERSEY

TORONTO LONDON

NEW YORK

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The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

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