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Although laissez-faire has been commonly associated with capitalism, there is a similar laissez-faire economic theory and system associated with socialism called left-wing laissez-faire, [71] [72] or free-market anarchism, also known as free-market anti-capitalism and free-market socialism to distinguish it from laissez-faire capitalism.
The General Theory of Employment, Interest and Money is a book by English economist John Maynard Keynes published in February 1936. It caused a profound shift in economic thought, [1] giving macroeconomics a central place in economic theory and contributing much of its terminology [2] – the "Keynesian Revolution". It had equally powerful ...
The book showed how operationally meaningful theorems can be described with a small number of analogous methods, thus providing "a general theory of economic theories." It moved mathematics out of the appendices (as in John R. Hicks's Value and Capital ) and helped change how standard economic analysis across subjects could be done with the ...
The Revival of Laissez-Faire in American Macroeconomic Theory: A Case Study of Its Pioneers (2002) Krugman, Paul. "Who Was Milton Friedman?" New York Review of Books Vol 54#2 Feb. 15, 2007 online version; Leeson, Robert, ed. Ideology and International Economy: The Decline and Fall of Bretton Woods (2003) Powell, Jim.
Human Action: A Treatise on Economics is a work by the Austrian economist and philosopher Ludwig von Mises.Widely considered Mises' magnum opus, [1] it presents the case for laissez-faire capitalism based on praxeology, his method to understand the structure of human decision-making.
Laissez Faire Books (LFB) was a libertarian bookseller and publisher founded in 1972 by John Muller and Sharon Presley, and originally based in New York City. From 1982 to 2007, Laissez Faire Books operated as a division of the non-profit corporations Center for Independent Thought and Center for Libertarian Thought, both led by Andrea Millen Rich.
Laissez-faire economists [who?] argue that government intervention is the cause of economic crises, and that left to its devices, the market will adjust efficiently. As for the implication that dislocations cannot cause persistent unemployment, some theories of economic cycles accept Say's law and seek to explain high unemployment in other ways ...
He is best known for his 1946 book, Economics in One Lesson, a work grounded in the Austrian school of economics and the importance of individual liberty in economic decision-making. [ 2 ] [ 3 ] Hazlitt was a strong proponent of sound monetary policy and a vocal critic of inflationary practices and government intervention in markets.
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