The Failure of the New Economics

The Failure of the New Economics: An Analysis of the Keynesian Fallacies by Henry Hazlitt is a critical examination of the Keynesian economic theory. The book provides a thorough analysis of the flaws and fallacies of Keynesian economics and argues that the theory has failed to deliver on its promises of economic growth and stability. Hazlitt argues that Keynesian economics, which emphasizes government intervention and spending, has led to inflation, unemployment, and economic stagnation. He also critiques the use of mathematical models and statistical analysis in economics, arguing that they are often based on flawed assumptions and cannot accurately predict economic outcomes. The book is a classic critique of Keynesian economics and remains relevant today as debates over government intervention in the economy continue.This is a new release of the original 1959 edition.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.