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The Economics of Illusion by L. Albert Hahn

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The complete text of The Economics of Illusion by L. Albert Hahn is free to read here, split into 21 chapters totalling 90,927 words.

Start reading: Publisher’s Foreword

Chapters

  1. Publisher’s Foreword237 words
  2. Acknowledgments185 words
  3. Introduction371 words
  4. 1. Introductory: Cycles in Monetary Theory and Policy2,022 words
  5. 2. Should a Government Debt, Internally Held, Be Called a Debt at All?*3,707 words
  6. 3. The Illusion of the War Boom*2,005 words
  7. 4. Capital Is Made at Home*5,543 words
  8. 5. Don’t Predict Postwar Deflation—Prevent It!*2,133 words
  9. 6. Compensating Reactions to Compensatory Spending*4,813 words
  10. 7. Interest Rates and Inflation*3,585 words
  11. 8. Exchange Rates Run Wild*5,979 words
  12. 9. Is Saving a Virtue or a Sin?*4,429 words
  13. 10. Mercantilism and Keynesianism*4,339 words
  14. 11. Wage Flexibility Upwards*6,347 words
  15. 12. The Purchasing Power Theory—Sense and Nonsense (Translation from German)2,551 words
  16. 13. Anachronism of the Liquidity Preference Concept *6,803 words
  17. 14. The Economics of Illusion (Translation from German)6,540 words
  18. 15. The Investment Gap*9,472 words
  19. 16. Continental European Pre-Keynesianism5,173 words
  20. 17. Concluding Remarks: Keynesianism—Progress or Retrogression? KEYNESIANISM—AN INFLATION-DEFLATION THEORY OF EMPLOYMENT4,739 words
  21. Appendices9,954 words

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