Episode Synopsis "The Failure of the 'New Economics' Audiobook"

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 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. Far from being a dull read, this book has all the brightness and clarity we've come to expect from Hazlitt. He is a dazzling writer, and one can't but thrill to see him in the ring with the giant Keynes. By the time he delivers the knockout punch--taking on Keynes's suggestion that we nationalize investment--there is nothing left of his opponent. Narrated by Josiah Schmidt. Download the complete audiobook (33 MP3 files) here. This audiobook is also available on Apple Podcasts, Google Podcasts, and via RSS.

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• 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