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Critique of Keynesianism by Ludwig von Mises

„The essence of Keynesianism is its complete failure to conceive the role that saving and capital accumulation play in the improvement of economic conditions.“

Ludwig von MisesLudwig von Mises criticizes Keynesianism for underestimating saving and capital accumulation in economic progress.
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Ludwig von Mises was an Austrian economist, social philosopher, and one of the leading figures of the Austrian School of economics.

This statement by Ludwig von Mises criticizes Keynesian economic theory regarding the importance of saving and capital accumulation.


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Ludwig von Mises quote critiquing Keynesianism, saving, and capital accumulation

Ludwig von Mises (1881–1973) was a prominent Austrian economist and social philosopher, known for his contributions to the Austrian School of economics. He significantly influenced libertarian and free-market economic theory and was a critic of socialism and interventionism.

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