Books, Arts & Manners: Beyond Keynesianism

The Crisis in Economic Theory Edited by Irving Kristol andDaniel Bell

Basic, 226 pp., $15 Despite the ambivalent record of Reaganomics, nearly everyone acknowledges that the Keynesian economic policies that preceded it were also, over the last decade and a half, a miserable failure. About the time Reagan came to office, several economic theoreticians were invited by the editors of The Public Interest to explain what was wrong with the prevailing Keynesian notions in their profession. Some of the authors suggest that Keynes himself would not be happy with the direction in which his followers have gone.

PH

About the Author

Paul J. Halpern

Featured Tags

The Crisis in Economic Theory Edited by Irving Kristol andDaniel Bell

Basic, 226 pp., $15 Despite the ambivalent record of Reaganomics, nearly everyone acknowledges that the Keynesian economic policies that preceded it were also, over the last decade and a half, a miserable failure. About the time Reagan came to office, several economic theoreticians were invited by the editors of The Public Interest to explain what was wrong with the prevailing Keynesian notions in their profession. Some of the authors suggest that Keynes himself would not be happy with the direction in which his followers have gone.