Deficit Spending and Private Enterprise (Classic Reprint)

L. Albert Hahn

ISBN 10: 1390413705 / ISBN 13: 9781390413700

Published by Forgotten Books, 2018

About this Item

Print on Demand. This compelling book offers a nuanced perspective on post-war economic adjustments, questioning prevailing notions of government intervention as the sole solution to unemployment. The author, a renowned economist, challenges Keynesian theories, arguing that they prioritize monetary manipulations over natural adjustments and wage flexibility. The book delves into the historical context of economic thought, contrasting the author's views with under-consumption theories and the classic unemployment theory. It explores the interplay between wages, costs, and prices, emphasizing the importance of market forces in achieving economic balance. The author maintains that government spending, while providing temporary relief, can ultimately lead to unsustainable debt and stifle private sector growth. Instead, the book advocates for a rebalancing of economic factors, including wage adjustments, to promote sustainable employment and economic prosperity. Its insights offer a valuable contribution to the ongoing debate on the role of government in shaping post-war economies. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book.

Seller Inventory # 9781390413700_0

Bibliographic Details

• Title: Deficit Spending and Private Enterprise (Classic Reprint)
• Publisher: Forgotten Books
• Publication Date: 2018
• Language: English
• ISBN 10: 1390413705
• ISBN 13: 9781390413700
• Binding: Paperback
• Condition: New
• Book Type: print-on-demand item
• Seller catalogs:
  • Economics

About this title

Synopsis

Post-war economic policy examined from a critical, market-based perspective that favors private enterprise.

In this examination, a Swiss economist challenges the idea that government spending and deficit finance automatically stimulate employment. The work questions Keynesian assumptions and argues that wage adjustments and private profitability are essential for a functioning economy. It frames post-war planning as a debate over how best to restore balance in production, distribution, and growth without relying on government-led boom-and-bust cycles.

Readers will explore arguments about how government debt affects entrepreneurship, how price and cost adjustments interact with employment, and why the author believes a return to natural market forces matters for lasting prosperity. The text also places these ideas in the context of historical economic policy debates and the role of monetary policy in shaping outcomes.

• Critiques of Keynesian ideas and their influence on post-war planning.
• Discussion of how wage levels and price structures impact private enterprise.
• Examination of government debt, taxation, and their effects on incentives to invest.
• Framing of economic policy as a distribution question, not just a spending question.

Ideal for readers of economic policy debates who want a grounded, skeptical view of planned vs. adjusted post-war economies.