The Failure of the "New Economics". An Analysis of the Keynesian Fallacies.

HAZLITT, Henry.

Published by Princeton: D. Van Nostrand Company, Inc., 1959

About this Item

First edition, first printing, inscribed by the author on the front free endpaper, "To George Selgin with warmest regards Henry Hazlitt. Aug. 31, 1983". The recipient (b. 1957) is a leading American free-market economist, particularly vocal in promoting denationalized money; he cites Hazlitt as the figure who introduced him to the school. He is currently Senior Fellow and Director Emeritus of the Cato Institute's Centre for Monetary and Financial Alternatives. The Failure of the "New Economics" gives an in-depth criticism of Keynes's General Theory of Employment, Interest, and Money. "In this thoroughgoing but lively new book, Henry Hazlitt subjects Keynes's celebrated work to chapter-by-chapter and theorem-by-theorem. He challenges every leading Keynesian tenet: the attempted refutation of Say's Law; the fear of thrift and saving; the alleged dependence of employment on 'the propensity to consume'; the disparagement of the gold standard; the 'liquidity preference' explanation of interest rates; the attack on 'speculation'; and above all the contention that unemployment is not caused by wage-rates taht are excessive in relation to prices or production" (jacket). Octavo. Original brown cloth, spine lettered in white, front cover lettered in brown. With dust jacket. A little rubbed and bumped at extremities, contents clean; jacket with large chip at foot of spine (not affecting lettering), a little rubbed with smaller chips elsewhere, price-clipped: a very good copy in good jacket.

Seller Inventory # 165365

Bibliographic Details

• Title: The Failure of the "New Economics". An Analysis of the Keynesian Fallacies.
• Publisher: Princeton: D. Van Nostrand Company, Inc., 1959
• Edition: 1st Edition
• Signed: Signed by Author(s)