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The General Theory of Employment, Interest, and Money

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Publisher : DIGITAL FIRE
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ISBN 10 : 9789354991578
Pages : 522 pages
Rating : 4.4/5 (549 users)

Download or read book The General Theory of Employment, Interest, and Money PDF or another Format written by John Maynard Keynes and published by DIGITAL FIRE. This book was released on 2022-05-13 with total page 522 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in February 1936, ‘The General Theory of Employment, Interest, and Money’ was written by John Maynard Keynes, an English economist, whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments. Originally trained in mathematics, he built on and greatly refined earlier work on the causes of business cycles. In his groundbreaking book, Keynes claims that traditional economics has misunderstood the causes of unemployment. Employment is not determined by the price of labor; it is directly linked to demand in the economy. Keynes believes market economies are by nature unstable, and so require government intervention. Driven by the social catastrophe of the Great Depression of the 1930s, the book had a lasting impact on both economic theory and state economic policies. Keynes introduced several revolutionary concepts including effective demand, the propensity to consume, the investment multiplier, and the liquidity-preference, to support his arguments in favor of greater state interventionism as a response to financial crises.


Download The General Theory of Employment, Interest, and Money PDF

The General Theory of Employment, Interest, and Money

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Publisher :
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ISBN 10 : 1494854740
Pages : 416 pages
Rating : 4.4/5 (547 users)

Download or read book The General Theory of Employment, Interest, and Money PDF or another Format written by John Maynard Keynes and published by . This book was released on 2013-12-31 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: The General Theory of Employment, Interest and Money is Keynes' masterpiece published right after the Great Depression. It sought to bring about a revolution, commonly referred to as the "Keynesian Revolution", in the way economists thought - especially challenging the proposition that a market economy tends naturally to restore itself to full employment on its own. Regarded widely as the cornerstone of Keynesian thought, this book challenged the established classical economics and introduced new concepts. It remains a relevant topic of debate to this day, perhaps more than ever. Given the economic turmoil of recent years, this debate is more heated than ever before, between the Keynesian model of economics of Bush and Obama which favors bailouts and other government intervention to try to stabilize the market, and the Austrian school of economics which sees government intervention as detrimental and favors letting the market sort itself out on its own with minimal government interference and regulation. You decide.


Download The General Theory of Employment, Interest and Money PDF

The General Theory of Employment, Interest and Money

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Publisher : Wordsworth Classics of World Literature
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ISBN 10 : 1840227478
Pages : 576 pages
Rating : 4.7/5 (274 users)

Download or read book The General Theory of Employment, Interest and Money PDF or another Format written by John Maynard Keynes and published by Wordsworth Classics of World Literature. This book was released on 2017-03-05 with total page 576 pages. Available in PDF, EPUB and Kindle. Book excerpt: John Maynard Keynes is perhaps the foremost economic thinker of the 20th century. He ranks with Adam Smith and Karl Marx; and his impact on how economics was practiced, from the Great Depression to the 1970s, was unmatched.


Download The General Theory of Employment, Interest & Money PDF

The General Theory of Employment, Interest & Money

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ISBN 10 : 8180942716
Pages : 359 pages
Rating : 4.2/5 (427 users)

Download or read book The General Theory of Employment, Interest & Money PDF or another Format written by and published by . This book was released on 2015 with total page 359 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Download Book Review: The General Theory of Employment, Interest and Money by John M. Keynes PDF

Book Review: The General Theory of Employment, Interest and Money by John M. Keynes

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Publisher : 50Minutes.com
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ISBN 10 : 9782808006330
Pages : 88 pages
Rating : 4.8/5 (8 users)

Download or read book Book Review: The General Theory of Employment, Interest and Money by John M. Keynes PDF or another Format written by 50MINUTES.COM, and published by 50Minutes.com. This book was released on 2018-01-04 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: It can be hard for busy professionals to find the time to read the latest books. Stay up to date in a fraction of the time with this concise guide. The General Theory of Employment, Interest and Money by John Maynard Keynes was first published in 1936, and had a lasting impact on both economic theory and state economic policies. Keynes’s primary aim was to challenge certain aspects of classical economics which were accepted as fact at the time, namely Say’s law, which states that supply will create its own demand, and the assumption that free markets automatically tend towards full employment. Keynes introduced several revolutionary concepts in this book, including effective demand, the propensity to consume, the investment multiplier and the liquidity-preference, to support his arguments in favour of greater state interventionism as a response to financial crises. This book review and analysis is perfect for: • Anyone interested in the history of economic theory, particularly macroeconomics • Anyone who wants to understand the aims of state intervention in the financial market • Students of, or anyone interested in, modern politics and economics About 50MINUTES.COM| BOOK REVIEW The Book Review series from the 50Minutes collection is aimed at anyone who is looking to learn from experts in their field without spending hours reading endless pages of information. Our reviews present a concise summary of the main points of each book, as well as providing context, different perspectives and concrete examples to illustrate the key concepts.


Download The General Theory of Employment, Interest and Money by John Maynard Keynes and Essays in Persuasion by John Maynard Keynes PDF

The General Theory of Employment, Interest and Money by John Maynard Keynes and Essays in Persuasion by John Maynard Keynes

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Publisher : CreateSpace
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ISBN 10 : 144867302X
Pages : 542 pages
Rating : 4.3/5 (73 users)

Download or read book The General Theory of Employment, Interest and Money by John Maynard Keynes and Essays in Persuasion by John Maynard Keynes PDF or another Format written by John Maynard Keynes and published by CreateSpace. This book was released on 2009-08 with total page 542 pages. Available in PDF, EPUB and Kindle. Book excerpt: This new edition of Keynes' classic text includes a foreword by Paul Krugman.


Download The General Theory of Employment, Interest and Money (Illustrated) PDF

The General Theory of Employment, Interest and Money (Illustrated)

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ISBN 10 : 1520995814
Pages : 428 pages
Rating : 4.5/5 (958 users)

Download or read book The General Theory of Employment, Interest and Money (Illustrated) PDF or another Format written by John Keynes and published by . This book was released on 2017-04-04 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt: The General Theory of Employment, Interest and Money was written by the English economist John Maynard Keynes. The book, generally considered to be his magnum opus, is largely credited with creating the terminology and shape of modern macroeconomics. Published in February 1936, it sought to bring about a revolution, commonly referred to as the "Keynesian Revolution", in the way economists thought - especially in relation to the proposition that a market economy tends naturally to restore itself to full employment after temporary shocks. Regarded widely as the cornerstone of Keynesian thought, the book challenged the established classical economics and introduced important concepts such as the consumption function, the multiplier, the marginal efficiency of capital, the principle of effective demand and liquidity preference. The central argument of The General Theory is that the level of employment is determined, not by the price of labour as in neoclassical economics, but by the spending of money (aggregate demand). Keynes argues that it is wrong to assume that competitive markets will in the long run deliver full employment or that full employment is the natural, self-righting, equilibrium state of a monetary economy. On the contrary, under-employment and under-investment are likely to be the natural state unless active measures are taken. One implication of The General Theory is that an absence of competition is not the main issue regarding unemployment, and that even reducing wages or benefits have no major effect.


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Biography of an Idea

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Publisher : Routledge
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ISBN 10 : 9781351294232
Pages : 285 pages
Rating : 4.1/5 (512 users)

Download or read book Biography of an Idea PDF or another Format written by David Felix and published by Routledge. This book was released on 2017-10-19 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: The culmination of John Maynard Keynes's thought and lifework was The General Theory of Employment, Interest and Money. Here, placing it in the context of his era, David Felix examines the evolution of Keynes's theorizing. He boldly claims that The General Theory lacks logical and factual support as pure theory, but is an achievement of great statesmanship in political economy. Felix argues that Keynes's ideas have misled successive generations of students and practitioners. He suggests that a more discriminating view of his thought can reconcile Keynesian views with neoclassical theory and replace the false synthesis that dominates contemporary text-books with a truer one. Biography of an Idea devotes four chapters to an analysis of The General Theory and an examination of the economic logic of Keynes. The author disentangles the work's fundamentally simple theses from its difficult technical pre-sentation. He shows how Keynes shaped his economic model as he did as an effort to win public support for sensible policies that clashed with generally accepted beliefs of the time. Biography of an Idea is bound to be controversial due to the many cohorts of economists who have been trained in macroeconomics according to Keynes. It will be of interest and ac-cessible to intellectually curious laymen and students, and important to economists, historians, and political scientists.


Download Keynes's General Theory for Today PDF

Keynes's General Theory for Today

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Publisher : Edward Elgar Publishing
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ISBN 10 : 9781781009529
Pages : 256 pages
Rating : 4.1/5 (81 users)

Download or read book Keynes's General Theory for Today PDF or another Format written by Jesper Jespersen and published by Edward Elgar Publishing. This book was released on 2012-01-01 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: ÔAt a time of renewed interest in Keynes, this volume provides an illuminating and forward-looking collection of papers. They explain the meaning of KeynesÕs great contribution and also show how that contribution can be developed further for application to modern economic policy issues. Most important, the papers explain the ways in which KeynesÕs methodological approach is so different from that which continues to dominate mainstream economics and how productive it would be if that approach were applied to our modern experience.Õ Ð Sheila Dow, University of Stirling, UK ÔThis book celebrates the 75th anniversary of KeynesÕs General Theory, which has proved yet again to be an endless source of inspiration. These authors take The General Theory as a point of departure from which to address the problems of today from fresh perspectives. This volume is indeed Keynes for today Ð and tomorrow.Õ Ð Victoria Chick, University College London, UK ÔKeynesÕs General Theory for Today is a fine set of thoughtful and highly relevant essays. They relate several ideas of Keynes to todayÕs happenings, putting forward modifications and extensions to take into account both short-term and long-term happenings in advanced capitalist economies. Especially useful are the investigations of KeynesÕs revolutionary methods of reasoning in economics, long abandoned by orthodox economists, to the great detriment of our understanding of what is happening and what may be done about it. These essays should be required reading for students, teachers and policy makers alike.Õ Ð G.C. Harcourt, University of New South Wales, Australia The themes of this important new volume were chosen to mark the 75th anniversary of the publication of The General Theory of Employment, Interest and Money. The distinguished authors concentrate on the relevance of this seminal publication for macroeconomic theory, method and the politics of today. This is particularly pertinent as similarities with the 1930s are striking in terms of unemployment, low growth, financial fragility and the European monetary union resembling the gold standard. Illustrating new ways of understanding the importance of uncertainty in macroeconomics, particularly in view of the importance of finance and balance of payments imbalances within a monetary union, this book will prove a stimulating and challenging read for academics, researchers and students of macroeconomics, heterodox economics, and the methodology and history of economic thought.


Download John Maynard Keynes: The General Theory of Employment, Interest and Money - Konsumfunktion und Multiplikator PDF

John Maynard Keynes: The General Theory of Employment, Interest and Money - Konsumfunktion und Multiplikator

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Publisher : GRIN Verlag
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ISBN 10 : 9783640730421
Pages : 14 pages
Rating : 4.0/5 (47 users)

Download or read book John Maynard Keynes: The General Theory of Employment, Interest and Money - Konsumfunktion und Multiplikator PDF or another Format written by Markus Figiel and published by GRIN Verlag. This book was released on 2010-10-21 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: Studienarbeit aus dem Jahr 2010 im Fachbereich VWL - Geldtheorie, Geldpolitik, Note: 2,0, Universität Hohenheim, Sprache: Deutsch, Abstract: Am 24. Oktober 1929, dem sogenannten "Schwarzen Freitag" brach die New Yorker Börse zusammen. Dieser folgenschwere Tag war der Beginn der "Great Depression", die den historischen Hintergrund für die "General Theory of Employment, Interest and Money" von John Maynard Keynes legte. Die Great Depression beherrschte die Jahre 1929 bis 1933, in denen die weltweite Produktion massiv einbrach und Arbeitslosigkeit ein kollektives Phänomen war. Die damals vorherrschende ökonomische Theorie der Klassiker vertraute auf die selbststabilisierenden Kräfte der Wirtschaft und propagierte Enthaltsamkeit seitens der Politik. Nach, der damals dominierenden Meinung der Klassiker, würden sinkende Löhne und Preise eine Gegentendenz auslösen, die letztendlich die Wirtschaft wieder in ihr Gleichgewicht bei Vollbeschäftigung bringt. Diese Voraussetzungen waren in der Weltwirtschaftskrise erfüllt, Preise und Löhne sanken im großen Umfang, jedoch war eine Tendenz zur Rückkehr zur Vollbeschäftigung nicht erkennbar. Keynes folgerte vor diesem Hintergrund, dass sich die in einer Krise automatisch ausgelöste Tendenz zur Rückkehr zum Gleichgewicht, wenn überhaupt vorhanden, nur sehr langsam und "schmerzhaft" vollzog. Dies verlangte, laut Keynes, nach einer neuen Theorie, die die wahren Gründe der Arbeitslosigkeit beschrieb und zugleich den Weg aus der Krise aufzeigte. Keynes leitendes Interesse bestand darin eine Theorie zu entwickeln, welche die Realität der Krise abbildete und der Wirtschaftspolitik praktische Ratschläge lieferte, wie eine Krise bewältigt werden konnte. Diese Arbeit widmet sich zwei zentralen Gegenständen der "General Theory", nämlich dem Konsum und dem Multiplikator.


Download The Collected Writings of John Maynard Keynes: The general theory of employment, interest and money PDF

The Collected Writings of John Maynard Keynes: The general theory of employment, interest and money

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ISBN 10 : STANFORD:36105001919450
Pages : pages
Rating : 4.R/5 ( users)

Download or read book The Collected Writings of John Maynard Keynes: The general theory of employment, interest and money PDF or another Format written by John Maynard Keynes and published by . This book was released on 1971 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:


Download The General Theory of Employment, Interest and Money PDF

The General Theory of Employment, Interest and Money

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Publisher : Repro Knowledgcast Limited
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ISBN 10 : 9390997739
Pages : 278 pages
Rating : 4.7/5 (977 users)

Download or read book The General Theory of Employment, Interest and Money PDF or another Format written by John Maynard Keynes and published by Repro Knowledgcast Limited. This book was released on 2021-08-16 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: The General Theory of Employment, Interest and Money of 1936 is a book by English economist John Maynard Keynes. 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 in economic policy, being interpreted as providing theoretical support for government spending in general, and for budgetary deficits, monetary intervention and counter-cyclical policies in particular. It is pervaded with an air of mistrust for the rationality of free-market decision making. Regarded widely as the cornerstone of Keynesian thought, this book challenged the established classical economics and introduced new concepts. It remains a relevant topic of debate to this day, perhaps more than ever. Given the economic turmoil of recent years, this debate is more heated than ever, between the Keynesian model of economics of Bush and Obama which favors bailouts and other government intervention to try to stabilize the market, and the Austrian school of economics which sees government intervention as detrimental and favors letting the market sort itself out on its own with minimal government interference.


Download The General Theory of Employment, Interest and Money PDF

The General Theory of Employment, Interest and Money

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Publisher :
Release Date :
ISBN 10 : 1720490538
Pages : 124 pages
Rating : 4.0/5 (95 users)

Download or read book The General Theory of Employment, Interest and Money PDF or another Format written by John Keynes and published by . This book was released on 2018-06-02 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: The hereditary English economist John Maynard Keynes is considered to be one of the founders of the macroeconomics as an individual science. His famous scientific work The General Theory of Employment, Interest and Money markedly affected the development of the science of economics and economic policy. Keynes established the main system and terminology of the modern economics, such as "the consumption function", "the principle of effective demand and liquidity preference" and other concepts.


Download The General Theory of Employment, Interest and Money PDF

The General Theory of Employment, Interest and Money

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Publisher : CRC Press
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ISBN 10 : 9781351351324
Pages : pages
Rating : 4.1/5 (513 users)

Download or read book The General Theory of Employment, Interest and Money PDF or another Format written by Professor John Collins, Dr and published by CRC Press. This book was released on 2017-07-05 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: John Maynard Keynes's 1936 General Theory of Employment, Interest and Money is a perfect example of the global power of critical thinking. A radical reconsideration of some of the founding principles and accepted axioms of classical economics at the time, it provoked a revolution in economic thought and government economic policies across the world. Unsurprisingly, Keynes's closely argued refutation of the then accepted grounds of economics employs all the key critical thinking skills: analysing and evaluating the old theories and their weaknesses; interpreting and clarifying his own fundamental terms and ideas; problem solving; and using creative thinking to go beyond the old economic theories. Perhaps above all, however, the General Theory is a masterclass in problem solving. Good problem solvers identify their problem, offer a methodology for solving it, and suggest solutions. For Keynes the problem was both real and theoretical: unemployment. A major issue for governments during the Great Depression, unemployment was also a problem for classical economics. In classical economics, theoretically, unemployment would always disappear. Keynes offered both an explanation of why this was not the case in practice, and a range of solutions that could be implemented through government monetary policy.


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Anticipations of the General Theory?

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Publisher : University of Chicago Press
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ISBN 10 : 0226648745
Pages : 308 pages
Rating : 4.8/5 (487 users)

Download or read book Anticipations of the General Theory? PDF or another Format written by Don Patinkin and published by University of Chicago Press. This book was released on 1984-11 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the much-debated question of whether John Maynard Keynes' greatest work—The General Theory of Employment Interest and Money—was an instance of Mertonian simultaneous scientific discovery. In part I of this study, Don Patinkin argues for Keynes' originality, rejecting the claims of the Stockholm school and the Polish economist Michal Kalecki. Patinkin shows that the theoretical problems to which the Stockholm school and Kalecki devoted their attention largely differed from those of the General Theory and that, even when the problem addressed was similar, the treatment they accorded it was not part of their central messages. In the remaining parts of the book Patinkin presents a critique of Keynes' theory of effective demand and discusses Keynes' monetary theory and policy thinking, as well as the relationship between the respective developments of Keynesian theory and national income accounting in the 1930s.


Download The Collected Writings of John Maynard Keynes PDF

The Collected Writings of John Maynard Keynes

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Publisher : Cambridge University Press
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ISBN 10 : 0521230721
Pages : 758 pages
Rating : 4.0/5 (37 users)

Download or read book The Collected Writings of John Maynard Keynes PDF or another Format written by John Maynard Keynes and published by Cambridge University Press. This book was released on 1982-01-29 with total page 758 pages. Available in PDF, EPUB and Kindle. Book excerpt: A full account of Keynes's activities between the Wall Street crash in October 1929 and Britain's departure from the gold standard in September 1931 - his contributions to the Macmillan Committee on Finance and Industry and to the Economic Advisory Council.


Download Lectures on John Maynard Keynes' General Theory of Employment, Interest and Money (3) PDF

Lectures on John Maynard Keynes' General Theory of Employment, Interest and Money (3)

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ISBN 10 : OCLC:1308980091
Pages : 28 pages
Rating : 4.3/5 (13 users)

Download or read book Lectures on John Maynard Keynes' General Theory of Employment, Interest and Money (3) PDF or another Format written by Brian S. Ferguson and published by . This book was released on 2013 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Chapter 3 of the General Theory, Keynes sketches out what he calls the essence of the General Theory of Employment. He introduces the Keynesian expenditure-based model, the aggregate demand curve and also his aggregate supply function, a concept which spawned much debate among Post-Keynesian economists but which was, for a long time, virtually ignored in mainstream macroeconomics. He sets out the Savings=Investment version of Say's Law and outlines how an economy can settle into an equilibrium at less than full employment.