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The General Theory of Employment, Interest, and Money
248 pages, 2008
economics & politics
987 books
philosophy
711 books
business & management
1082 booksIn 1936 Keynes published the most provocative book written by any economist of his generation. Arguments about the book continued until his death in 1946 and still continue today. This new edition, published 70 years after the original, features a new introduction by Paul Krugman which discusses the significance and continued relevance of The General Theory.
In 'The General Theory of Employment, Interest, and Money', John Maynard Keynes explores the idea that demand is the driving force of the economy. He suggests that when people spend money, it creates demand, which in turn stimulates economic growth. So, if you're interested in economics, you might want to check this out.
Keynes argues that government intervention is necessary to stabilize the economy. He believes that during economic downturns, the government should increase spending to boost demand. This is a key concept in the book that you might want to look into.
Keynes digs into the role of interest rates in the economy. He suggests that lower interest rates encourage borrowing and spending, which can stimulate economic growth. If you're curious about how interest rates affect the economy, this book is a great place to start.
In his book, Keynes explores the relationship between employment and economic growth. He argues that increased employment leads to higher demand, which can stimulate economic growth. If you're interested in the link between jobs and the economy, you should definitely take a look at this book.
Keynes challenges the classical economic theory, which assumes that markets will naturally reach equilibrium. He argues that without intervention, economies can remain in a state of recession for a long time. If you're interested in different economic theories, you might want to research this further.
Quotes 5
The General Theory of Employment, Interest, and Money is a work of genius, a book that forever changed the way we perceive the economic world.
Paul Samuelson - American economistKeynes's General Theory is the most influential work of economics of the twentieth century.
Robert Skidelsky - British economic historianThe General Theory is a profound book that reshaped economics.
Joseph Stiglitz - American economistKeynes's General Theory is a great book, but it's not a good guide for policy.
Milton Friedman - American economistThe General Theory is the most important study of the economy in the twentieth century.
John Kenneth Galbraith - Canadian-American economist
