Critics of Keynes

From: H
Sent: Saturday, November 09, 2019 10:47 PM
To: Walter Block <wblock@loyno.edu>
Subject: Reading list

Hello,

I hope this finds you well.

I was hoping to dive deep into writing  a paper criticizing Keynesianism.

I have his book, “the general theory”, “the failure of new economics” by our lord Hazzlitt, and “where Keynes went wrong”.

I was wondering if you could provide me some books that attack Keynes’ points directly and refute his book.

Thanks a lot. I really appreciate your help and it means a lot for someone of your caliber to assist me. Your help will boost my potential career as an economics scholar, and certainly as a business major with an interest in management and a minor in economics.

Sincerely,

H

Dear H:

Hazlitt’s critique is a page by page, paragraph by paragraph, almost line by line refutation of Keynes’s General Theory. In football, you’re not supposed to “pile on.” But, in our field, this is not only allowed, but encouraged. So, go get him!

Keynes critics:

Anderson, 2009; Cochran and Glahe, 1999; Dempster, 1999; Garrison, 1985, 1992, 2010; Hammond, 2012; Hazlitt, 1959, 1983; Hoppe, 1992; Hutt, 1979; Murphy, 2008; Ritenour, 2000; Rostan, 2010; Rothbard, 1992; Skousen, 1992

Anderson, William L. 2009. “One Cheer for Paul Krugman, or Why the Bubble Economy?” January 1; http://mises.org/story/3275

Cochran, John and Fred Glahe. 1999. The Hayek-Keynes Debate-Lessons for Current Business Cycle Research. Edwin Mellen Press, Chapter 8, pp. 103-118.

Dempster, Gregory M. 1999. “Austrians and Post Keynesians: The Questions of Ignorance and Uncertainty.” The Quarterly Journal of Austrian Economics.

Vol. 2, No. 4, Winter, pp. 73-81;

http://www.mises.org/journals/qjae/pdf/qjae2_4_5.pdf

Garrison, Roger W. 1985. “Intertemporal Coordination and the Invisible Hand:

An Austrian Perspective on the Keynesian Vision,” History of Political Economy vol. 17, no. 2 (Summer), pp. 309-21.

Garrison, Roger. 1992. “Is Milton Friedman a Keynesian?” in Dissent on

Keynes: A Critical Appraisal of Keynesian Economics. Mark Skousen, ed. New

York: Praeger; http://mises.org/books/dissent.pdf

Garrison, Roger W. 2010. “Is Milton Friedman a Keynesian?” January 27;

http://mises.org/daily/4067

Hammond, Jeremy. 2012. Ron Paul vs. Paul Krugman: Austrian vs. Keynesian economics in the financial crisis. CreateSpace Independent Publishing Platform; http://www.amazon.com/Ron-Paul-vs-Krugman-Keynesian/dp/1470070723/ref=pd_rhf_dp_s_cp_3_QZQC

Hayek, Friedrich A. 1995. Contra Keynes and Cambridge: Essays, Correspondence. Chicago: University of Chicago Press

Hazlitt, Henry. 1959. The Failure of the “New Economics,” New York: Van Nostrand

Hazlitt, Henry, ed. 1983. The Critics of Keynesian Economics New York: New York University Press

Murphy, Robert P. 2008. “Filling the Holes in Krugman’s Analysis” January 15; http://mises.org/story/3291

Ritenour, Shawn R. 2000. “Postmodern Economics: The Return of Depression Economics by Paul Krugman,” The Quarterly Journal of Austrian Economics, Vol. 3, No. 1: 79-83.

Rostan, Jeremie, T.A. 2010. “It Is Not the Aggregate Demand, Stupid!” May 4;

http://mises.org/daily/4284

Rothbard, Murray N. 1992. “Keynes, the Man.”  M. Skousen (ed.), Dissent on

Keynes: A Critical Appraisal of Keynesian Economics.  New York, NY: Praeger Publishers, pp. 171-198

Hoppe, Hans-Hermann. 1992. “The Misesian Case Against Keynes.” in Dissent on Keynes, A Critical Appraisal of  Economics. Edited by Mark Skousen.

pp.199-223. the Ludwig von Mises Institute, New York, Westport, Connecticut:

Praeger

http://www.mises.org/etexts/hoppekeynes.pdf

Hutt, William H. 1979. The Keynesian Episode Indianapolis: LibertyPress.

Rothbard, Murray N. 1992. “Keynes, the Man.”  M. Skousen (ed.), Dissent on

Keynes: A Critical Appraisal of Keynesian Economics.  New York, NY: Praeger Publishers, pp. 171-198

Skousen, Mark. 1992. Dissent on Keynes: A Critical Appraisal of Keynesian Economics. New York: Praeger; http://mises.org/books/dissent.pdf

Best regards,

Walter

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2:10 am on December 1, 2019