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Capital, saving and employment

In: What’s Wrong with Keynesian Economic Theory?

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  • George Reisman

Abstract

The blind rush into massive “stimulus packages” is the culmination of generations of economic ignorance transmitted from professor to student in the guise of advanced, revolutionary thinking – the “Keynesian revolution.” The accelerating destruction of our economic system that we are now experiencing is the product of a prior destruction of economic thought. Our entire intellectual establishment has been the victim – the willing victim – of a massive intellectual con job that goes under the name “Keynesianism.” And we are now paying the price.

Suggested Citation

  • George Reisman, 2016. "Capital, saving and employment," Chapters, in: Steven Kates (ed.), What’s Wrong with Keynesian Economic Theory?, chapter 10, pages 183-200, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:16893_10
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    Keywords

    Economics and Finance;

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