Contents: Introduction -- 1. The purpose of this book and why only I could write it -- 2. The background -- 3. The Keynesian revolution and classical theory -- 4. Understanding classical presuppositions, terminology and concepts -- 5. The classical theory of value and the marginal revolution --...

Modern economic theory cannot make sense of the operation of the economy and following from that failing, modern economists are unable to formulate policies that permit the economy to expand and allow real incomes to rise. The central problem is the near universal adoption of Keynesian economic...