The Failure of the New Economics by Henry Hazlitt (.ePUB)
File Size: 2.86 MB
The Failure of the New Economics by Henry Hazlitt
Requirements: .ePUB reader, 2.86MB
Overview: The Failure of the “New Economics” is Hazlitt’s line-by-line refutation of John Maynard Keynes’s The General Theory of Employment, Interest and Money—a book that revolutionized 20th-century economic thought. Hazlitt’s mission: to expose Keynesianism as not just flawed, but fundamentally incoherent, contradictory, and harmful to free economies.
Structure and Method
Rather than write a standalone counter-theory, Hazlitt takes the bold path of analyzing and critiquing Keynes page by page. He identifies logical fallacies, vague terminology, misused definitions, and faulty cause-effect assumptions. It is one of the most exhaustive and systematic economic critiques ever written.
Key Themes
• Refutation of Keynesian aggregate demand theory
• Exposes the fallacy of the “multiplier” and “paradox of thrift”
• Defends Say’s Law against Keynes’s misinterpretation
• Shows how Keynes’s inflationary policies lead to long-term instability
• Reasserts classical economic truths about savings, investment, and interest rates
Tone and Style
Hazlitt is precise, scholarly, and unapologetically thorough. The book is not as breezy as Economics in One Lesson—it’s a serious intellectual demolition. The audiobook, if available, requires close listening, but rewards those who want to fully understand both Keynes and his critics.
Who Should Listen
• Students and teachers of economic theory
• Libertarians, Austrians, and classical liberals
• Readers of Mises, Hayek, Rothbard, and Sowell
• Anyone seeking to understand the foundational economic debates of the last century
• Critics of inflationary policy, deficit spending, and central planning
In Summary
The Failure of the “New Economics” is Hazlitt’s intellectual masterpiece—a fearless, meticulous, and highly principled confrontation with the most influential economic theory of the 20th century. For those who believe in sound money, individual liberty, and the power of markets, this audiobook (or print version) is an essential education in economic clarity and courage.
Genre: Non-Fiction > General
Free Download links: