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and wrote: " flattered himself that he could turn mathematical purblindness into a virtue...It is a pity, because the author certainly writes in a vigorous, somewhat sardonic, style of his own...the author is apt to light his rockets at the wrong end. Thus the audience, instead of being treated to
226:
stated: "It is, of course, true that Keynes' ideas have been accepted too uncritically by many economists, and
Hazlitt's well-written book should go far toward dispelling such unquestioning acceptance" but that Hazlitt failed to recognize that allowing depressions to "'grind themselves out' in the
24:
196:
referred to it as a "fantastic read, a lucid, lively, obsessive dissection of the most influential and most overrated economics book of this century: The
General Theory of Employment, Interest and Money...A must-read for economists and laymen alike." A review in the
331:
where wages rates are permitted to fall during a depression. Lerner also criticized
Hazlitt for "missing some of the basic elements of the Keynesian analysis" such as failing to distinguish between
175:
task...Mr. Hazlitt, for his part, has written a technical book which is not obscure—although it is difficult reading" and predicted that
Hazlitt will be attacked for his book. In 1959, the
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317:, and depressions and writes: "Although Hazlitt clears up many minor points in the General Theory, his analysis of the major ones is completely unsatisfactory."
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and highlights the major weaknesses of the ideas that are developed there. This study leads...to a condemnation of
Keynesian principles of economic policy."
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is "far from perfect" Hazlitt "does little to improve matters." McKenna stated that
Hazlitt failed to clear up the ambiguities in definitions from the
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stated: "Henry
Hazlitt has shown the work of John Maynard Keynes to be irresponsible, obscurantist, and often simply silly...No one who reads
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220:"subjects Keynes's celebrated work to a penetrating critical analysis, chapter by-chapter and theorem-by-theorem." A review in
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266:"reflected the critical and hostile attitude of American business circles toward Keynesian analysis and policy."
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666:"The economy, liberty and the State by C. B. Hoover; The failure of the " New Economics " by H. Hazlitt"
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applies only in conditions of unemployment. Furthermore, McKenna criticizes
Hazlitt's positions on
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sold well but did not have a large impact on the general public or academia. Economic professor
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Hazlitt embarked on this project because, in his view, although general critiques of Keynes and
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some really illuminating fireworks, is merely smothered by stifling clouds of acrid dust."
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can henceforward take seriously the doctrines associated with the name of Keynes."
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will help change traditional economic theories promulgated by universities. The
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an "important work...The author analyzes in detail different chapters of the
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227:'long run' will no longer be tolerated." A review in the Italian journal
171:, called Hazlitt's efforts to debunk Keynes a "heroic and perhaps even a
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had been made, no critic had completed a detailed analysis of the work.
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453:"250 Outstanding Books Published in the Past Year...A Christmas Guide"
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The
Keynesian Revolution and Our Empty Economy : We're All Dead
185:
in its list of "250 Outstanding Books
Published in the Past Year."
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414:"John Maynard Keynes: He Casts a Long Shadow, but Was He Right?"
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called it "a devastating criticism of the Keynesian doctrines."
855:
McKenna, Joseph P. "Review: The Failure of the New Economics."
766:"The Keynesian Impact On American Economic Thinking and Policy"
97:
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criticized Hazlitt for his assumption of a world with
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The General Theory of Employment, Interest and Money
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79:
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51:
43:
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883:"Review of The Failure of the "New Economics""
671:Giornale degli Economisti e Annali di Economia
370:Claar, Victor V.; Forster, Greg (April 2019).
233:hoped new opinions like the ones expressed in
230:Giornale degli Economisti e Annali di Economia
861:. Volume 50, No. 1. March 1960. pp. 188–190.
8:
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275:was critical of Hazlitt's comprehension of
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517:"The Broken-Window Fallacy Strikes Again"
291:Reviewer Joseph McKenna, writing in the
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888:The Review of Economics and Statistics
335:and savings and his interpretation of
118:An Analysis of The Keynesian Fallacies
587:Stewart, Henry, ed. (November 1960).
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831:10.1111/j.1475-4932.1960.tb00518.x
357:The Failure of the "New Economics"
264:The Failure of the "New Economics"
249:The Failure of the "New Economics"
235:The Failure of the "New Economics"
218:The Failure of the "New Economics"
205:The Failure of the "New Economics"
183:The Failure of the "New Economics"
159:The Failure of the "New Economics"
113:The Failure of the "New Economics"
14:
715:Recherches Économiques de Louvain
17:The Failure of the New Economics
240:Journal of Demographic Economics
124:offering a detailed critique of
962:Books about John Maynard Keynes
778:Michigan State University Press
542:Petro, Sylvester (March 1960).
142:Hazlitt's critical analysis of
811:Bernardelli, H. (April 1960).
643:10.1080/05775132.1959.11468958
549:New York University Law Review
305:and ignores the fact that the
200:New York University Law Review
1:
297:, commented that while the
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724:Cambridge University Press
178:New York Times Book Review
732:10.1017/S1373971900070657
21:
858:American Economic Review
605:: 1048–1049 – via
294:American Economic Review
245:Louvain Economic Review
967:Books by Henry Hazlitt
957:1959 non-fiction books
515:(September 27, 1999).
492:A Man for Many Seasons
243:(originally named the
120:, (1959) is a book by
770:The Centennial Review
461:. November 29, 1959.
311:mathematical formulas
843:Wiley Online Library
762:Kurihara, Kenneth K.
380:. pp. 183–184.
258:Keynesian economist
726:: 133. March 1960.
378:Springer Publishing
260:Kenneth K. Kurihara
247:in English) called
188:Austrian economist
126:John Maynard Keynes
18:
678:(11/12): 720–721.
637:: 70. 1959-07-01.
499:2010-12-09 at the
168:The New York Times
148:The General Theory
144:The General Theory
942:Full text of book
594:Labor Law Journal
589:"The Free Market"
412:(June 28, 1959).
387:978-3-030-15808-8
213:Labor Law Journal
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899:: 234–235.
664:D. (1959).
556:: 862–864.
315:aggregation
285:multipliers
262:wrote that
216:noted that
951:Categories
607:HeinOnline
574:HeinOnline
528:2021-08-16
472:August 16,
433:August 16,
396:1091895856
343:References
323:economist
116:subtitled
913:0034-6535
897:MIT Press
839:0013-0249
813:"Reviews"
786:0162-0177
748:251330580
740:1373-9719
684:0017-0097
651:0577-5132
635:Routledge
626:Challenge
562:0028-7881
467:114859995
428:114668166
337:Say's law
223:Challenge
181:included
173:Sisyphean
154:Reception
104:264550952
62:Publisher
56:Economics
881:(1960).
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764:(1963).
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570:46988231
497:Archived
478:ProQuest
463:ProQuest
439:ProQuest
424:ProQuest
359:, pp 4-9
138:Overview
134:(1936).
44:Language
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522:Barrons
128:' work
91:458 pp.
52:Subject
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333:thrift
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696:JSTOR
688:JSTOR
88:Pages
909:ISSN
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647:ISSN
566:OCLC
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392:OCLC
382:ISBN
98:OCLC
75:1959
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