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L. Albert Hahn

Works Published inMises Daily ArticleArticles of Interest

L. Albert Hahn was one of the most highly regarded economists and bankers in Germany before the war but he was unknown in the United States until the 1949 translation of The Economics of Illusion, his frontal attack on the Keynesian system.

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Common Sense Beats Keynesian Sense

Free MarketsMedia and CultureBusiness CyclesOther Schools of Thought

04/12/2010Mises Daily Articles
"I have often been asked to add to my negative critique of Keynes's theory the positive exposition of an economic theory that offered a more correct explanation and description of economic reality. The present book is my answer to this request."
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Keynesians Can't Predict

The FedFree MarketsBusiness CyclesOther Schools of Thought

07/28/2009Mises Daily Articles
Insufficiently educated in the history of economic thought, they do not realize that Keynesianism down to the most technical details, like the concept of the foreign exchange multiplier is mercantilism or, more precisely, John Lawism pure and simple.
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The Economics of Illusion

The FedGlobal EconomyInterventionismOther Schools of Thought

07/03/2009Mises Daily Articles
The community of soft-currency countries is not a community of economic conditions but a community of lax monetary and fiscal policies, a community of ignorance about monetary theory, of inexperience with monetary policy, and of political doctrinaire stubbornness.
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End of the Era of Keynes?

Capital and Interest TheoryOther Schools of Thought

05/08/2009Articles of Interest
Doctrinally, " Keynesianism " would have to be regarded merely as a recent, one-way swing of the pendulum such as the world has often experienced before this time in the direction of distinct overvaluation of the possibilities and effects of monetary manipulations and alterations.
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Common Sense Economics

PricesProduction Theory

Hahn offers a fantastic refutation of Keynesian macroeconomics, and also a systematic presentation of the Austrian theory of the business cycle.
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