Abstract

Modern macroeconomics owes much to the ideas of Keynes. Yet Keynes was a fantast whose highest ideals centered around a contemplative hedonistic life. His interest in economics was due to his desire to _abolish_ the economy and the active virtues, especially prudence and courage and their social counterparts. As soon as this "religion" is rejected, Keynes' theories are exploded. Part I of this book refutes General Theory and presents a vision of the market process, entrepreneurship, employment, interest, money, and the business cycle. Part II examines textbook Keynesianism, IS-LM, alternative theories of business cycles, and related issues. Summa is a definitive demolition of the Keynesian school and should be grappled with by all economists.