• A Macat Analysis of John Maynard Keynes's The General Theory of Employment, Interest and Money

  • By: John Collins
  • Narrated by: Macat.com
  • Length: 1 hr and 48 mins
  • Unabridged Audiobook
  • Release date: 06-30-16
  • Language: English
  • Publisher: Macat International Limited.
  • 3.5 out of 5 stars 3.4 (13 ratings)

Regular price: $6.95

Membership details Membership details
  • A 30-day trial plus your first audiobook, free.
  • 1 credit/month after trial – good for any book, any price.
  • Easy exchanges – swap any book you don’t love.
  • Keep your audiobooks, even if you cancel.
  • After your trial, Audible is just $14.95/month.
Select or Add a new payment method

Buy Now with 1 Credit

By confirming your purchase, you agree to Audible's Conditions of Use and Amazon's Privacy Notice. Taxes where applicable.

Buy Now for $6.95

Pay using card ending in
By confirming your purchase, you agree to Audible's Conditions of Use and Amazon's Privacy Notice. Taxes where applicable.

Add to Library for $0.00

By confirming your purchase, you agree to Audible's Conditions of Use and Amazon's Privacy Notice. Taxes where applicable.

Publisher's Summary

Classical economics suggests that market economies are self-correcting in times of recession or depression and tend toward full employment and output. But English economist John Maynard Keynes disagreed.
In his groundbreaking 1936 book The General Theory of Employment, Interest and Money, Keynes argued 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 believed market economies are by nature unstable and so require government intervention. Spurred on by the social catastrophe of the Great Depression of the 1930s, Keynes set out to revolutionize the way the world thinks about and understands economics - and in this he succeeded.
In the latter half of the 20th century, Keynesian economics became mainstream policy for most Western governments. Although his ideas fell out of fashion, the global market turmoil in the opening decade of the 21st century once again saw interventionist government fiscal and monetary policy based on Keynesian thinking.
©2016 Macat Inc (P)2016 Macat Inc
Show More Show Less

Customer Reviews

Most Helpful
1 out of 5 stars
By Tatsuno on 05-17-18

almost no information.

Each chapter felt like it was written by different person as much of the information was repeated from chapter to chapter. And none of the information presented gave me any insight on John Maynard Keynes's book. Let me save you some time and give you all the information that is in this book.

economic philosophy was dominated by the classical economic ideas presented by Adam Smith. then the Great Depression happened which classical economics said should be impossible. John Maynard Keynes wrote a book about it. some people hated it some people liked it. the end.

Read More Hide me
1 out of 5 stars
By Amazon Customer on 02-28-18

No substance. Repetitive.

Keynes Wikipedia page has more info. This "audiobook" repeated the same handful of facts over and over without explaining Keynes work in the slightest. Disappointing.

Read More Hide me
See all Reviews
© Copyright 1997 - 2018 Audible, Inc