Michael E. Fournier MBA

The Critical Flaw in Keynes’s System

In Von Mises on July 24, 2011 at 6:20 pm

In The Critical Flaw in Kenyes’s System, Robert P. Murphy discusses Kenyes masterpiece, The General Theory.  In which he believes that if the market tends towards full employment, the theory comes apart.  If Keynes theory only holds true at levels far below full employment, it would not apply to the American economy most of the time.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s