Commentary: The Absurdity of Keynesian Economics

John Maynard Keynes

by Roger W. Garrison   The economics of John Maynard Keynes as taught to university sophomores for the last several decades is now nearly defunct in theory but not in practice. Keynes’s 1936 book, The General Theory of Employment, Interest, and Money, portrayed the market as fundamentally unstable and touted government as…

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