Henry Hazlitt's line-by-line commentary and refutation of Keynes's General Theory, one of the most destructive, fallacious, and convoluted books of the twentieth century. Narrated by Josiah Schmidt.

Latest episodes of the podcast The Failure of the "New Economics"

• The Failure of the 'New Economics' Audiobook
• Acknowledgements
• 1. Introduction
• 2. Postulates of Keynesian Economics
• 3. Keynes vs. Say's Law
• 4. Overture
• 5. "Labor Units" and "Wage Units"
• 6. The Role of Expectations
• 7. "Statics" vs. "Dynamics"
• 8. Income, Saving and Investment
• 9. "The Propensity To Consume": I
• 10. "The Propensity To Consume": II
• 11. "The Multiplier"
• 12. "The Marginal Efficiency Of Capital"
• 13. Expectations And Speculation
• 14. "Liquidity Preference"
• 15. The Theory Of Interest
• 16. Confusions About Capital
• 17. "Own Rates Of Interest"
• 18. The General Theory Restated
• 19. Unemployment And Wage-Rates
• 20. Employment, Money, And Prices
• 21. Prices And Money
• 22. The "Trade Cycle"
• 23. Return To Mercantilism?
• 24. Keynes Lets Himself Go
• 25. Did Keynes Recant?
• 26. "Full Employment" As The Goal
• 27. "The National Income Approach"
• 28. The Keynesian Policies
• 29. Summary
• A Note On Books
• Appendix A: The 1919 Prophecies
• Appendix D