General Theory Of Employment , Interest And Money

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Atlantic Publishers & Distributors (P) Limited, Jan 1, 2006 - 400 pages
34 Reviews
John Maynard Keynes Is The Great British Economist Of The Twentieth Century Whose Hugely Influential Work The General Theory Of Employment, Interest And Money Is Undoubtedly The Century S Most Important Book On Economics Strongly Influencing Economic Theory And Practice, Particularly With Regard To The Role Of Government In Stimulating And Regulating A Nation S Economic Life. Keynes S Work Has Undergone Significant Revaluation In Recent Years, And Keynesian Views Which Have Been Widely Defended For So Long Are Now Perceived As At Odds With Keynes S Own Thinking. Recent Scholarship And Research Has Demonstrated Considerable Rivalry And Controversy Concerning The Proper Interpretation Of Keynes S Works, Such That Recourse To The Original Text Is All The More Important. Although Considered By A Few Critics That The Sentence Structures Of The Book Are Quite Incomprehensible And Almost Unbearable To Read, The Book Is An Essential Reading For All Those Who Desire A Basic Education In Economics. The Key To Understanding Keynes Is The Notion That At Particular Times In The Business Cycle, An Economy Can Become Over-Productive (Or Under-Consumptive) And Thus, A Vicious Spiral Is Begun That Results In Massive Layoffs And Cuts In Production As Businesses Attempt To Equilibrate Aggregate Supply And Demand. Thus, Full Employment Is Only One Of Many Or Multiple Macro Equilibria. If An Economy Reaches An Underemployment Equilibrium, Something Is Necessary To Boost Or Stimulate Demand To Produce Full Employment. This Something Could Be Business Investment But Because Of The Logic And Individualist Nature Of Investment Decisions, It Is Unlikely To Rapidly Restore Full Employment. Keynes Logically Seizes Upon The Public Budget And Government Expenditures As The Quickest Way To Restore Full Employment. Borrowing The Money To Finance The Deficit From Private Households And Businesses Is A Quick, Direct Way To Restore Full Employment While At The Same Time, Redirecting Or Siphoning Off The Funds From The Private Sector Which Caused The Over-Production Is In The First Place. Keynes S Theory Is Unquestionably Significant In Understanding Of Modern Economics. Far From Being Destructive, It Alone Has Been Responsible For Nearly 60 Years Of Growth Without A Major Depression As We Experienced Worldwide In The 1930S.While The Present Book Is Indispensable For The Students, Researchers And Teachers Of Economics, It Is Highly Useful For The General Readers Keenly Interested In Understanding Nation S Economy.

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Review: The General Theory of Employment, Interest, and Money

User Review  - Doug Daley - Goodreads

As the book that most modern macro economics is based on, I was expecting a detailed logical analysis of economics. I was disappointed that the underlying assumptions on which the theory was built ... Read full review

Review: The General Theory of Employment, Interest, and Money

User Review  - Brad - Goodreads

On Aug. 15, 1971, Richard "We are all Keynesians now" Nixon announced the US government would default on its pledge to deliver gold to any foreign government holding US dollars at the rate of one ... Read full review

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The General Theory of Employment, Interest, and Money - Wikipedia ...
The General Theory of Employment, Interest and Money was written by the English economist John Maynard Keynes. The book, generally considered to be his ...
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Extracts from The General Theory of Employment, Interest and Money ...
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The General Theory of Employment, Interest, and Money, by John Maynard Keynes (preface2)
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It explores the hypothesis that the mathematical formalizations of The General Theory of Employment, Interest and Money (Keynes, 1936) developed by Roy ...
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The General Theory of Employment, Interest and Money/John Maynard Keynes. New Delhi, Atlantic Pub., 2006, xlvi, 352 p., $40. ISBN 81-269-0591-3. ...
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The General Theory of Employment, Interest, and ...: Information ...
The General Theory of Employment, Interest, and Money The General Theory of Employment, Interest and Money Author John Maynard Keynes Country United.
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JSTOR: The General Theory of Employment, Interest and Money.
REVIEWS The General Theory of Employment, Interest and Money. By JOHN MAYNARD KEYNES. New York, Harcourt, Brace and Com- pany, 1936.--xii, 403 pp. $2.00. ...
links.jstor.org/ sici?sici=0032-3195(193612)51%3A4%3C600%3ATGTOEI%3E2.0.CO%3B2-K

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