Category Archives: price mechanism
Keynesian fail – manipulating “aggregate demand” does not equalibrate the supply and demand for inputs
A basic understanding of the price mechanism exposes the pseudo-science of Keynesian economics: It was John Maynard Keynes .. who ultimately succeeded in rehabilitating a view long the preserve of cranks .. He had attempted by a succession of new … Continue reading
Posted in Keynes, labor, price mechanism
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