What the Entrepreneurial Problem Reveals About Keynesian Macroeconomics

Kates, Steve (ed.). 2016. What’s Wrong with Keynesian Economic Theory? Edward Elgar.

20 Pages Posted: 19 Dec 2017

See all articles by Per L. Bylund

Per L. Bylund

School of Entrepreneurship; Ratio Institute; Ludwig von Mises Institute

Date Written: December 14, 2017

Abstract

I show that Keynesian macroeconomic theory is impossible if we consider (include) entrepreneurship as value creation in markets. Entrepreneurship, I argue, fundamentally undermines the Keynesian analysis.

Keywords: entrepreneurship, Keynesian economics, macroeconomics, spending

JEL Classification: L26, E12

Suggested Citation

Bylund, Per L., What the Entrepreneurial Problem Reveals About Keynesian Macroeconomics (December 14, 2017). Kates, Steve (ed.). 2016. What’s Wrong with Keynesian Economic Theory? Edward Elgar., Available at SSRN: https://ssrn.com/abstract=3088032 or http://dx.doi.org/10.2139/ssrn.3088032

Per L. Bylund (Contact Author)

School of Entrepreneurship ( email )

Oklahoma State University
424 Business building
Stillwater, OK 74078
United States
4057444301 (Phone)

HOME PAGE: http://https://business.okstate.edu/directory/bylund-per-694946.html

Ratio Institute ( email )

P.O. Box 3203
SE-103 64 Stockholm
Sweden

Ludwig von Mises Institute ( email )

Auburn, AL
United States

HOME PAGE: http://mises.org/bylund

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
100
Abstract Views
826
rank
291,985
PlumX Metrics