The General Theory Of Employment, Interest, And Money

by John Maynard Keynes

Overview

One of Time's 100 Most Important People of the Twentieth Century, John Maynard Keynes revolutionized economic thinking with The General Theory of Employment, Interest, and Money.Published following the Great Depression, this classic challenged the established classical economics, particularly the proposition that a market economy tends naturally to restore itself to full employment on its own. More relevant than ever in the twenty-first century, the principles of the "Keynesian Revolution" continue to be debated in a world ravaged by inequitable economic circumstances. "[Keynes's] radical idea that governments should spend money they don't have may have saved capitalism."—Time

Product Details

ISBN-13:	9780156347112
Publisher:	HarperCollins
Publication date:	05/12/1965
Edition description:	First Edition
Pages:	416
Sales rank:	848,631
Product dimensions:	5.31(w) x 8.00(h) x 1.04(d)

About the Author

John Maynard Keynes (1883-1946) was an economist, mathematician, civil servant, educator, journalist, and a world-renowned author. His two great works, A Treatise on Money and The General Theory of Unemployment, Interest, and Money, revolutionized the study and practice of economics and changed monetary policy after World War II.

Table of Contents

Introduction to the 2006 Edition--Paul Krugman * BOOK 1: INTRODUCTION * The General Theory * The Postulates of the Classical Economics * The Principle of Effective Demand * BOOK 2: DEFINITIONS AND IDEAS * The Choice of Units * Expectation as Determining Output and Employment * The Definition of Income, Saving and Investment * The Meaning of Saving and Investment Further Considered * BOOK 3: THE PROPENSITY TO CONSUME * The Propensity to Consume: I. The Objective Factors * The Propensity to Consume: II. The Subjective Factors * The Marginal Propensity to Consume and the Multiplier * BOOK 4: THE INDUCEMENT TO INVEST * The Marginal Efficiency of Capital * The State of Long-term Expectation * The General Theory of the Rate of Interest * The Classical Theory of the Rate of Interest * The Psychological and Business Incentives to Liquidity * Sundry Observations on the Nature of Capital * The Essential Properties of Interest and Money * The General Theory of Employment Re-stated * BOOK 5: MONEY-WAGES AND PRICES * Changes in Money-Wages * The Employment Function * The Theory of Prices * BOOK 6: SHORT NOTES SUGGESTED BY THE GENERAL THEORY * Notes on the Trade Cycle * Notes on Mercantilism, The Usury Laws, Stamped Money and Theories of Under-consumption * Concluding Notes on the Social Philosophy towards which the General Theory Might LeadIntroduction to the 2006 Edition--Paul Krugman * BOOK 1: INTRODUCTION * The General Theory * The Postulates of the Classical Economics * The Principle of Effective Demand * BOOK 2: DEFINITIONS AND IDEAS * The Choice of Units * Expectation as Determining Output and Employment * The Definition of Income, Saving and Investment* The Meaning of Saving and Investment Further Considered * BOOK 3: THE PROPENSITY TO CONSUME * The Propensity to Consume: I. The Objective Factors * The Propensity to Consume: II. The Subjective Factors * The Marginal Propensity to Consume and the Multiplier * BOOK 4: THE INDUCEMENT TO INVEST * The Marginal Efficiency of Capital * The State of Long-term Expectation * The General Theory of the Rate of Interest * The Classical Theory of the Rate of Interest * The Psychological and Business Incentives to Liquidity * Sundry Observations on the Nature of Capital * The Essential Properties of Interest and Money * The General Theory of Employment Re-stated * BOOK 5: MONEY-WAGES AND PRICES * Changes in Money-Wages * The Employment Function * The Theory of Prices * BOOK 6: SHORT NOTES SUGGESTED BY THE GENERAL THEORY * Notes on the Trade Cycle * Notes on Mercantilism, The Usury Laws, Stamped Money and Theories of Under-consumption * Concluding Notes on the Social Philosophy towards which the General Theory Might Lead