The Critics of Keynesian Economics edited by Henry Hazlitt with Discussions by Jean Baptiste Say, Jacob Viner, Frank Knight, Etienne Mantoux, Ludwig von Mises, and Arthur Burns
New Jersey : D. Van Nostrand Company, 1960. First Edition. Hardcover. 427 pages ; 22 cm. $7.00 dust jacket with minimal wear. Bookplate on front free endpaper. Pages are age toned, unmarked and binding is firm.
LORD KEYNES's THE GENERAL THEORY OF EMPLOYMENT, INTEREST AND MONEY, which appeared in 1936, has been the most influential and the most discussed work published in the twentieth century. Last year, in THE FAILURE OF THE "NEW ECONOMICS," Henry Hazlitt subjected Keynes's celebrated work to a penetrating critical analysis. Mr. Hazlitt's book has been acclaimed by reviewers not only in the United States, but in England, Germany, Italy, Spain and Norway. Japanese, German, Spanish and Swedish translations are in preparation. The New York Times called it "a very important book," the New York World-Telegram "a great polemical masterpiece," The Chicago Tribune "the final, total, irrefutable dissection and destruction of Keynesianism."
The present anthology, though comprehensive and complete in itself, in effect supplements THE FAILURE OF THE "NEW ECONOMICS." At the end of that book Mr. Hazlitt referred to some brilliant but widely scattered critical articles, most of them buried in the back numbers of learned journals, and pointed out that "these articles would have a far greater impact on current thought than they have had if they could be collected and made readily available between the covers of a single book."
Hence the present volume. It opens with an Introduction in which Mr. Hazlitt gives a brief summary of his own analysis in his previous book, and then presents criticisms of so-called Keynesian economics by twenty-one different authors.
The selections are arranged chronologically, approximately in the order of their appearance. But two of them long precede the publication of Keynes's GENERAL THEORY itself. This is because the reasoning in them, in Mr. Hazlitt's opinion, anticipates Keynes's criticisms and constitutes "a refutation in advance" of the GENERAL THEORY. The first of these is the statement of Say's Law in the first quarter of the Nineteenth Century in the words of Jean-Baptiste Say himself. Say's Law is seldom discussed in terms of its originator's own presentation because this has long been virtually inaccessible. The same may be said of John Stuart Mill's elaboration of the Law in "The Influence of Consumption on Production," the second of his ESSAYS ON SOME UNSETTLED QUESTIONS OF POLITICAL ECONOMY, written in 1829. This has not been available, except in a photolithographic reproduction by the London School of Economics, since its original publication in 1844.
The other economists included in this symposium are Jacob Viner, Frank H. Knight, Etienne Mantoux (whose article, hitherto available only in French, has been specially translated), F. A. Hayek, Franco Modigliani, Benjamin M. Anderson, Philip Cortney, R. Gordon Wasson, Garet Garrett, Jacques Rueff, John H. Williams, L. Albert Hahn, Ludwig von Mises, Joseph Stagg Lawrence, Wilhelm Ropke, W. H. Hutt, Arthur F. Burns, Melchior Palyi, and David McCord Wright.
HENRY HAZLITT has been a prolific writer in diverse fields—literary criticism, philosophy, politics, economics, and finance. Ever since he began his career in 1913 as a reporter for the Wall Street Journal, however, his dominant interest has been in economics and finance.
He wrote the financial letter for a New York bank, served on the staff and as financial editor of three early New York papers, all before he became Literary Editor of the New York Sun in 1925, of the Nation in 1930, and in 1933 succeeded H. L. Mencken as Editor of the American Mercury.
In 1934 Mr. Hazlitt joined the New York Times where he wrote most of its financial and economic editorials and later the signed Monday financial column. Twelve years later, in September 1946, he became the writer of the Business Tides column for Newsweek which he continues today.
Mr. Hazlitt is the author of eight previous books, including "Economics in One Lesson" (1942), "Will Dollars Save the World?' (1947), and "The Failure of the 'New Economies'" (1959). "The Critics of Keynesian Economics" will be followed in the fall of 1960 by "What You Should Know About Inflation."
Q: Can you send me additional photographs of the book?
A: We are always happy to provide additional photographs of the book when a customer request them. Just send us an email via the contact us page.
Q: What are your shipping rates and do you ship overseas?
A: Free Shipping for U.S. buyer. Yes, we do ship worldwide and the price is $25 no matter how many books you buy. Head over to our Shipping page under the link column for further detail.
Q: how do you ship your book? UPS, FedEx or USPS?
A: We primary use USPS but if requested we can ship with FedEx or UPS.
Q: How long will it take for my book to arrive?
A: In general, shipping will take about 3-5 business days within the United States.
Q: What are your return policy?
A: We offer a 30-Day Money Back Guarantee for all purchases regardless of the reason for the return. Further detail about return and refund on our return page under the link column below.
Q: What payment method do you accept?
A: We accept all major credit cards, as well as PAYPAL, APPLEPAY AND GOOGLEPAY.
We are always here to help so if you have any questions, just contact us via Facebook by way of that blue button on the left-hand side or send us an email via our contact us page. We also take phone calls from 10-5pm EST M-F at 617-599-2003.