Mises Daily
Author:
L. Albert Hahn
Online Publish Date:
[This is the title essay of Hahn’s The Economics of Illusion , his frontal attack on the Keynesian system. It is based on a lecture delivered at the Studiengesellschaft fur Wirtschaftspolitik, Zurich, Switzerland, September 12, 1947.] M.C. Escher, “Waterfall” (1961) Quite briefly the essence of the late Lord Keynes’s work The General Theory of