First published 1949
The Economics of Illusion
The Economics of Illusion by L. Albert Hahn is available as a free PDF and EPUB download at freecapitalists.org.
- L. Albert Hahn
- First published
- 1949
- Format
- PDF and EPUB
- Pages
- 282
- ISBN
- 9781610160315
- Publisher
- NY: New York Institute of Finance
- License
- Believed to be in the public domain: this work was published in the 1932-1963 window when US copyright had to be renewed after 28 years, and no renewal was found in the Catalog of Copyright Entries. Not independently confirmed.
Austrian theory & method War & foreign policy
L. Albert Hahn was one of the most highly regarded economists and bankers in Germany before World War II, but he was unknown in the United States until this translation of The Economics of Illusion appeared in 1949. He immigrated to the United States in 1940. This book is his frontal attack on the Keynesian system, which he calls "the economics of illusion." Hahn shows how government spending creates a false prosperity, and never more than in wartime. He explodes many of Keynes's fallacies — and with great precision too, because, it turns out, Hahn himself once advanced these same fallacies before he saw their errors. So he writes with the passion of a convert. Ludwig von Mises thought very highly of Hahn's work, and none other than Henry Hazlitt has written the introduction to this classic anti-Keynesian text.
Questions
About this book and this copy
- Is The Economics of Illusion free to download?
- Yes. The complete 282-page PDF and EPUB downloads directly from this page (12.5 MB). There is no signup, no account and no paywall.
- How long is The Economics of Illusion?
- 282 pages, 22 chapters, and about 90,981 words in the edition this archive serves.
- Is The Economics of Illusion in the public domain?
- Believed so. US works published between 1932 and 1963 kept copyright past 28 years only if someone filed a renewal, and no renewal for this work was found in the Catalog of Copyright Entries. That is a search result rather than a legal opinion: a renewal filed under a shortened title or a different claimant would not have been found. Some copies carry a rights notice, which records the original claim and does not extend a term that lapsed.
- Who wrote The Economics of Illusion?
- L. Albert Hahn was one of the most highly regarded economists and bankers in Germany before the war, but he was relatively unknown in the United States until the 1949 translation of The Economics of Illusion, his frontal attack on the Keynesian system. This archive holds 3 of Hahn's works.
What's in it
22 chapters · 90,981 words · free to read here
- Copyright Page
- Publisher’s Foreword
- Acknowledgments
- Introduction
- 1. Introductory: Cycles in Monetary Theory and Policy
- 2. Should a Government Debt, Internally Held, Be Called a Debt at All?*
- 3. The Illusion of the War Boom*
- 4. Capital Is Made at Home*
- 5. Don’t Predict Postwar Deflation—Prevent It!*
- 6. Compensating Reactions to Compensatory Spending*
- 7. Interest Rates and Inflation*
- 8. Exchange Rates Run Wild*
- 9. Is Saving a Virtue or a Sin?*
- 10. Mercantilism and Keynesianism*
- 11. Wage Flexibility Upwards*
- 12. The Purchasing Power Theory—Sense and Nonsense (Translation from German)
- 13. Anachronism of the Liquidity Preference Concept *
- 14. The Economics of Illusion (Translation from German)
- 15. The Investment Gap*
- 16. Continental European Pre-Keynesianism
- 17. Concluding Remarks: Keynesianism—Progress or Retrogression? KEYNESIANISM—AN INFLATION-DEFLATION THEORY OF EMPLOYMENT
- Appendices
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