Keynesianism - retrospect and prospect
- Chicago Henery Regnery 1963
- 446p.
This work is put forward as a positive contribution to economics. It sets out to re-state some of the essentials of "orthodox" or "classical" economic teachings in a form which is intended to be more appropriate for contemporary controversies. To do this eflectively, it is necessary simultaneously to expose the erroneous foundations on which Keynesian economics has been based. Such a task cannot be lightly attempted. The economic theory which has been founded on Keynes' speculations may be said, not unfairly, to constitute the economics which is expounded in most modern text- books.