The Failure of the New Economics

Hazlitt meticulously critiques Keynes's "General Theory," which transformed economic thought during the Great Depression by advocating for government intervention. He argues that Keynes's ideas undermine fundamental economic principles, claiming that they promote instability and challenge the concept of sound money. Through a detailed line-by-line analysis, Hazlitt exposes the flaws in Keynesian economics, providing a robust defense of conservative and libertarian principles. This comprehensive work serves as a powerful rebuttal, aiming to dismantle the prevailing Keynesian paradigm.