George Reisman's Blog on Economics, Politics, Society, and Culture

This blog is a commentary on contemporary business, politics, economics, society, and culture, based on the values of Reason, Rational Self-Interest, and Laissez-Faire Capitalism. Its intellectual foundations are Ayn Rand's philosophy of Objectivism and the theory of the Austrian and British Classical schools of economics as expressed in the writings of Mises, Böhm-Bawerk, Menger, Ricardo, Smith, James and John Stuart Mill, Bastiat, and Hazlitt, and in my own writings.

Showing posts with label Critique of Keynesianism. Show all posts
Showing posts with label Critique of Keynesianism. Show all posts
Wednesday, April 15, 2009

Standing Keynesianism on Its Head: as Employment Increases in Response to a Fall in Wage Rates, the Rate of Profit Rises, Not Falls

›
This is the third in a series of articles that seeks to provide the intelligent layman with sufficient knowledge of sound economic theory to...
›
Home
View web version
Powered by Blogger.