Chapter 1 of 50 · Failure of the 'New Economics' by Henry Hazlitt
Acknowledgments
I am indebted to Harcourt, Brace & Co., the American publishers of Keynes’s General Theory, for their generous permission to reprint so many passages from that book. This extensive quotation rather than mere paraphrase seemed to me almost unavoidable in the present critical work because of the many existing and possible interpretations and disputes concerning what Keynes actually said.
I wish to thank The New York Times for permission to reprint, as an appendix, my article on Keynes’s Economic Consequences of the Peace in its issue of March 11, 1945. I also wish to thank Newsweek for permission to use tables, charts, and excerpts from some of my articles that originally appeared in its pages.
My indebtedness to other publishers for permission to quote from authors or books published by them is, I hope, sufficiently indicated in the text or in footnotes.
I am grateful to Ludwig von Mises for reading the galleys and offering some invaluable suggestions. For the opinions expressed and any errors made, I alone, of course, must be held responsible.
My wife, as usual, has helped me in scores of details.
HENRY HAZLITT.
January, 1959
Failure of the 'New Economics'
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