{"product_id":"the-keynesian-episode-w-h-hutt-9780913966617","title":"The Keynesian Episode: A Reassessment","description":"\u003cp\u003eThe late W. H. Hutt was a preeminent and persistent critic of the economic theories of John Maynard Keynes. In \u003cstrong\u003e\u003cem\u003eThe Keynesian Episode\u003c\/em\u003e\u003c\/strong\u003e, he presents a comprehensive review of Keynes's \u003cem\u003eGeneral Theory\u003c\/em\u003e, including the finest critique to date of the Acceleration Principle. He questions the very legitimacy of Keynes's fundamental epistemology.\u003c\/p\u003e \u003cp\u003eIn Hutt's discussion of economics there is a refreshing emphasis on the vital importance of the market price system as a coordinating process. As Dr. Hutt wrote: \"The intellectual developments for which Keynes's \u003cem\u003eGeneral Theory\u003c\/em\u003e appeared to be responsible had caused a setback to scientific thinking about human economic relations at a crucial epoch. Keynes tried to find in the factors determining the value of the money unit the genesis of output and income. . . . He linked monetary theory to the economic world only through unsatisfactory concepts such as employment, income, and effective demand.\"\u003c\/p\u003e \u003cp\u003eIn this unsparing analysis of the theories of John Maynard Keynes, W. H. Hutt explains why Keynes's ideas attracted both practical politicians and ardent academics and why they do not square with the logic of long-accepted laws of economics. Professor Hutt outlines methods by which modern economies can extricate themselves from the disasters into which Keynesian theory has plunged them.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e W. H. Hutt\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0913966614\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780913966617\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Liberty Fund\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 07\/01\/1980\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 449\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.60lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.00h x 6.00w x 1.10d","brand":"W. H. Hutt","offers":[{"title":"Paperback","offer_id":43980698452223,"sku":"9780913966617","price":12.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_a305e482-8b6d-4550-a478-b4a2fd6b7eff.jpg?v=1683251386","url":"https:\/\/www.whiterainbookhouse.com\/products\/the-keynesian-episode-w-h-hutt-9780913966617","provider":"WR Book House","version":"1.0","type":"link"}