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The General Theory of Employment, Interest and Money is a book by English economist John Maynard Keynes published in February 1936. It caused a profound shift in economic thought, giving macroeconomics a central place in economic theory and contributing much of its terminology – the "Keynesian Revolution". It had equally powerful consequences ...
- John Maynard Keynes
- 1936
The General Theory of Employment, Interest, and Money John Maynard Keynes Table of Contents • PREFACE • PREFACE TO THE GERMAN EDITION • PREFACE TO THE JAPANESE EDITION • PREFACE TO THE FRENCH EDITION Book I: Introduction 1. THE GENERAL THEORY 2. THE POSTULATES OF THE CLASSICAL ECONOMICS 3. THE PRINCIPLE OF EFFECTIVE DEMAND
The General Theory of Employment, Interest and Money transformed economics and changed the face of modern macroeconomics. Keynes’ argument is based on the idea that the level of employment is not determined by the price of labour, but by the spending of money.
Sep 22, 2009 · 2: The classical theory of employment says the labor market is just another market: people get paid what they make and people only work if they get paid enough to make it worth it.
This paper studies why the General Theory had so much impact on the economics profession through the 1960s, why that impact began to wane in the 1970s, and why many economic policymakers cling to many of the tenets of the General Theory.
- 342KB
- Matthew N Luzzetti, Lee E Ohanian, Lee E Ohanian
- 24
- 2010
Mar 1, 2022 · The general theory of employment, interest, and money. by. Keynes, John Maynard, 1883-1946. Publication date. 2007. Topics. Economics, Money, Interest, Monetary policy. Publisher. Houndmills, Basingstoke, Hamshire ; New York, NY : Palgrave Macmillan.
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The General Theory of Employment, Interest and Money, published in 1936, was Keynes's crowning achievement, and it took the world by storm. According to Keynes, the economy could be...
