We’re All Dead: How J.M. Keynes--and His Critics--Went Wrong

Day 2
Session 3
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to
3:20 PM

John Maynard Keynes claimed that the ultimate goal of human economic activity is consumption, and argued for policies aimed to maximize employment and GDP. Keynes’s critics were quick to argue that his proposed policies would prove either ineffective or poorly timed, but those critics ceded the terms of the debate—maximizing employment and GDP—to Keynes. They were wrong.

 

Recommended Readings

Hazlitt, Henry. The Failure of the "New Economics." 1959.

--Gregg, Samuel. "The Economic Consequences of John Maynard Keynes."

--Zelmanovitz, Leonidas. "The Baleful Consequences of Robert Skidelsky's Keynesianism."

--Claar, Victor V., and Greg Forster. The Keynesian Revolution and Our Empty Economy: We're All Dead. (Excerpt)

--Journal of Markets & Morality Vol. 20, No. 1, 2017.

 

Course Year:

2019

Instructor

Victor V. Claar, Ph.D.

Associate Professor of Economics
Lutgert College of Business at Florida Gulf Coast University
Victor Claar Headshot