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.

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