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

£2,250 · Offered by Maggs Bros Ltd

The scarce correct first printing of this extraordinary line-by-line refutation of Keynes’s General Theory by the American libertarian financial journalist Henry Hazlitt (1894-1993). The book was championed in a contemporary review by the libertarian economist and philosopher Murray N. Rothbard published in the National Review: ‘Keynes’ General Theory is here riddled chapter by chapter, line by line, with due account taken of the latest theoretical developments. The complete refutation of a vast network of fallacy can only be accomplished by someone thoroughly grounded in a sound positive theory. Henry Hazlitt has that groundwork. An Austrian follower of Ludwig von Mises, he is uniquely qualified for this task, and performs it surpassingly well. It is no exaggeration to say that this is by far the best book on economics published since Mises’ great Human Action in 1949. … On its merits, this book should conquer the economics profession as rapidly as did Keynes.’

• Binding: Hardcover

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