Review: Classical Economic Theory and the Modern Economy
Steven Kates's new book debunks Keynesian demand-side economics, while striving to resurrect Say’s Law and revive the classical understanding of the economy.
Steven Kates's new book debunks Keynesian demand-side economics, while striving to resurrect Say’s Law and revive the classical understanding of the economy.
Keynes viewed depressions as something that could naturally plague market economies when total spending was insufficient to support full employment. Only with wise oversight could we hope to achieve steady economic growth.
Even on its own terms, the General Theory must considered a failure, for the problem it purports to solve, involuntary unemployment, does not exist.
While Otaki appropriately criticizes stimulus spending, he inexplicably attributes Japanese stagnation to the failure to follow Keynes.
Audio recordings of Mises Wire articles, offering contemporary news and opinion through the lens of Austrian economics and libertarian political ec
The Human Action Podcast features in-depth interviews on current topics in economics through an Austro libertarian lens.