{"product_id":"the-failure-of-the-new-economics-paperback-1","title":"The Failure of the New Economics - Paperback","description":"\u003cp\u003eby \u003cb\u003eHenry Hazlitt\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e2016 Reprint of 1959 Edition. Full facsimile of the original edition, not reproduced with Optical Recognition Software. \u003cbr\u003e Henry Hazlitt did the seemingly impossible, something that was and is a magnificent service to all people everywhere. He wrote a line-by-line commentary and refutation of what he considered to be one of the most destructive, fallacious, and convoluted books of the century. The target here is John Maynard Keynes's \"General Theory,\" the book that appeared in 1936 and swept all before it.\u003cbr\u003e \u003cbr\u003e In economic science, Keynes changed everything. He supposedly demonstrated that prices don't work, that private investment is unstable, that sound money is intolerable, and that government was needed to shore up the system and save it. It was simply astonishing how economists the world over put up with this, but it happened. He converted a whole generation in the late period of the Great Depression. By the 1950s, almost everyone was Keynesian.\u003cbr\u003e \u003cbr\u003e But Hazlitt, the nation's economics teacher, would have none of it. And he did the hard work of actually going through the book to evaluate its logic according to Austrian-style logical reasoning. The result: a nearly 500-page masterpiece of exposition.\u003c\/p\u003e\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 472\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 1.05 x 9.21 x 6.14 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e November 11, 2016\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":42109337043079,"sku":"9781684220465","price":27.54,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0601\/2623\/2711\/files\/600759da5be870f0e07ed680a9498844.webp?v=1732473879","url":"https:\/\/booksby.splitshops.com\/products\/the-failure-of-the-new-economics-paperback-1","provider":"Books by splitShops","version":"1.0","type":"link"}