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This note summarizes the symposium, "Say's Law Revisited." The most remarkable achievement of the symposium has been the manner in which it has cleared away important parts of the mythology which has surrounded Say's Law since the publication of the "General Theory". It is clear that what is...
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Possibly the strangest phenomenon in all of economics is the absence of a long tradition of criticism focused on Keynesian economic theory. Keynesian demand management has been at the centre of some of the worst economic outcomes in history, from the great stagflation of the 1970s to the lost...
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Addressing the needs of anyone who wishes to understand how an economy works, this text examines various issues including entrepreneurs, value added, the nature of the market, radical uncertainty, Say's Law and the causes of the business cycle
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