IDEAS home Printed from https://ideas.repec.org/h/elg/eechap/16893_6.html
   My bibliography  Save this book chapter

The problems with Keynesianism: a view from Austrian capital theory

In: What’s Wrong with Keynesian Economic Theory?

Author

Listed:
  • Steven Horwitz

Abstract

Before the advent of Keynesianism, most recessions were short-lived as producers were left free to shuffle the jigsaw pieces into better combinations. It is the very lack of trust in markets, and the misguided trust in the political process, that Keynesianism produced as a result of its theoretical errors with respect to capital that now leads us to think stimulus spending is necessary and effective. The approach of Hayek and the Austrians give us good reasons to think otherwise. The evidence would seem to be in their favor.

Suggested Citation

  • Steven Horwitz, 2016. "The problems with Keynesianism: a view from Austrian capital theory," Chapters, in: Steven Kates (ed.), What’s Wrong with Keynesian Economic Theory?, chapter 6, pages 106-122, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:16893_6
    as

    Download full text from publisher

    File URL: https://www.elgaronline.com/view/edcoll/9781785363733/9781785363733.00012.xml
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Economics and Finance;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:elg:eechap:16893_6. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Darrel McCalla (email available below). General contact details of provider: http://www.e-elgar.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.