The General Theory of Employment, Interest and Money

The General Theory of Employment, Interest and Money

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by John Maynard Keynes
     
 

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From one of the most influential economists of the modern era, Keynes and his "General Theory" shaped economic thought and government policies for decades to come. Out of this magnum opus arose the Keynesian school of economics. Keynes argues that the level of employment in a modern economy was determined by three factors: the marginal propensity to consume (income

Overview

From one of the most influential economists of the modern era, Keynes and his "General Theory" shaped economic thought and government policies for decades to come. Out of this magnum opus arose the Keynesian school of economics. Keynes argues that the level of employment in a modern economy was determined by three factors: the marginal propensity to consume (income that people chose to spend on goods and services), the marginal efficiency of capital (the rate used to see whether investments are worthy) and the rate of interest. This work has enormous implications to the present day in understanding the policies and that have shaped the current environment. "The General Theory is nothing less than an epic journey out of intellectual darkness. That, as much as its continuing relevance to economic policy, is what makes it a book for the ages. Read it, and marvel." - Paul Krugman, Professor of Economics, winner of the 2008 Nobel prize in economics.

Product Details

ISBN-13:
2940011831423
Publisher:
Signalman Publishing
Publication date:
10/01/2010
Sold by:
Barnes & Noble
Format:
NOOK Book
Pages:
264
File size:
475 KB

Meet the Author

John Maynard Keynes was a British economist and professor at Cambridge. He was a prolific author and lecturer and advised many governments and policy makers on economic policy. He was named by Time magazine as one of the 100 most influential people of the 20th century.

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The General Theory Of Employment Interest And Money 4 out of 5 based on 0 ratings. 7 reviews.
Anonymous More than 1 year ago
Big and complex and difficult to read, but then again you probably know that before going into this technical guide to crises written by a hoity-toity perfesser from 1930's England. Not much to add that people don't already know about this book, but I do love a few of the "Governments would never be so dumb as to do this..." parts, usually referring to something done in response to the current global melt-down. (For example, internal devaluation.) Keynes: Making it clear that the world is being run by its worst people since 1936.
ByTheSeaJJ More than 1 year ago
As seen in other comments, the book is complex and difficult to read. A good critical companion reading is "Time and Money: The Macroeconomics of Capital Structure" by Roger W. Garrison. Also, as a general criticism of NookStudy, this (and most books) purchased do not allow for copying or printing, which makes referencing much more difficult. Other readers, such as VitalSource, provide these functions.
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